WeWork: the most recent information about 2019’s cleaning soap opera of an organization

This summer time, WeWork was anticipated to have one of many highest-profile IPOs ever. However then it filed its S-1 paperwork, and the whole lot got here crashing down.

The S-1 itself was a visit — it started with the phrase “We dedicate this to the power of we,” revealed the myriad methods its personal CEO Adam Neumann was a threat issue, and outlined a succession plan that, if something occurred to Neumann, let his spouse or a household trustee decide a brand new CEO. The IPO collapsed shortly after. Then, a wild profile of Neumann got here out, with a narrative of how he as soon as introduced a cereal field filled with weed on a personal jet to Israel. Underneath continued criticism, Neumann finally give up — and walked away with practically $1.7 billion as a part of a buyout from SoftBank, which has since taken over majority possession of WeWork.

This all occurred in a little bit over two months. Now, SoftBank is making an attempt to choose up the items of WeWork and transfer ahead — and it could possibly be a tough street forward. Comply with all the information and updates on 2019’s cleaning soap opera of an organization proper right here.

Supply hyperlink

You might also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More