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WeWork is rolling out more job cuts as the coronavirus deals the coworking giant its latest setback. Here"s the latest on what"s going on inside the company.
Associated Press WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. WeWork has been slashing j.....»»
WeWork executive: Ousted CEO Adam Neumann didn"t walk away with $1 billion
WeWork Executive Chairman Marcelo Claure told CNBC's Andrew Ross Sorkin on Monday that the company's ousted CEO Adam Neumann didn't walk away with the over $1 billion package that was estimated......»»
Watch CNBC"s full interview with WeWork Executive Chairman Marcelo Claure
Marcelo Claure, executive chairman of WeWork, sits down with CNBC's Andrew Ross Sorkin to discuss the company's turnaround plan, former CEO Adam Neumann's departure, the appointment of Sandeep Mathrani as the new CEO and more......»»
SoftBank to go ahead with WeWork stock tender offer this week
SoftBank Group Corp will this week launch a previously agreed tender offer for as much as $3 billion of WeWork shares, including up to $970 million owned by the office sharing company's cofounder Adam Neumann, two people familiar with the matter said......»»
WeWork cofounder Adam Neumann is expected to step down as the company"s chairman — in exchange for a reported $1.7 billion buyout. Here"s how the mogul spends his fortune.
Taylor Hill/Getty Images WeWork cofounder Adam Neumann is expected to step down as chairman of the board, with WeWork's biggest investor, SoftBank, taking over the company and giving Neumann $1.7 .....»»
WeWork cofounder Adam Neumann personally invested $30 million in a startup and loaned money to its CEO. Then the CEO got fired for alleged gross misconduct.
WeWork's former CEO Adam Neumann loaned money to a British startup boss who was later fired from his company for alleged .....»»
WeWork CEO’s lenders seek changes to his $500M credit line
Banks that provided a $500 million credit line to WeWork Chief Executive Officer Adam Neumann are looking to revise the terms as his company’s struggle to go public casts doubt on the value of his... To view the full story, click the title link......»»
WeWork"s Neumann to step down as CEO, sources say
WeWork co-founder Adam Neumann has agreed to resign as chief executive of the U.S. office-sharing company but will remain as the nonexecutive chairman, bowing to pressure from some of his investors, people familiar with the matter said Tuesday......»»
WeWork"s Neumann to step down as CEO: sources
WeWork co-founder Adam Neumann has agreed to resign as chief executive of the U.S. office-sharing company but will remain as non-executive chairman, bowing to pressure from some of his investors, people familiar with the matter said on Tuesday......»»
WeWork co-founder Neumann has sold about $700M in holdings
Adam Neumann, co-founder of shared office-space giant WeWork, has cashed out more than $700 million from his company ahead of its initial public offering, including borrowing against some of his holdings, according to The Wall Street Journal. Citing.....»»
WeWork plans to issue and sell $702M in bonds
WeWork's global expansion strategy is a costly one. The company, under the leadership of Miguel McKelvey and Adam Neumann, announced Thursday that it has agreed to sell $702 million of bonds to investors due in 2025 at an annual interest rate of 7.87.....»»
SoftBank To Give WeWork"s Adam Neumann Extra $50M As Part of Settlement Deal
WeWork’s co-founder Adam Neumann is set to benefit from a $50 million bonanza along with other benefits as a part of a settlement agreement with SoftBank Group Corp (OTC: SFTBY), the Wall Street Journal read more.....»»
Ousted WeWork co-founder Adam Neumann is reportedly nearing a settlement in his dispute with SoftBank. He could get $500 million and remain a major shareholder.
The potential d.....»»
McKinsey, adviser to businesses around the world, agrees to pay $573.9 million to settle charges for its role in opioid epidemic
The famed consulting company denies violated laws but agrees to settle charges from 47 states with a payment of $573.9 million. The money is supposed to be targeted at efforts to stem opioid abuse......»»
"It"s noise in the background" — WeWork CEO on Neumann lawsuit against SoftBank
WeWork CEO Sandeep Mathrani tells "Squawk Box" he considers WeWork founder Adam Neumann's lawsuit against SoftBank "noise in the background" as he focuses on getting the company back on track......»»
WeWork is rolling out more job cuts as the coronavirus deals the coworking giant a fresh setback. Here"s everything we know about what"s going on inside the company.
Associated Press WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ouste.....»»
Ousted WeWork CEO Adam Neumann is suing SoftBank — Here"s why
Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports......»»
WeWork co-founder sues SoftBank over failed deal
WeWork co-founder Adam Neumann has accused one-time ally Softbank of abuse of power, filing a lawsuit against the company on Monday for pulling a deal to buy $3 billion of WeWork's shares from investors. Gloria Tso reports......»»
WeWork Co-Founder Adam Neumann Is Suing SoftBank For Backtracking On $3B Tender Offer
WeWork's co-founder and former CEO Adam Neumann on Monday sued SoftBank Group Corp. (OTC: SFTBY) for breach of contract. read more.....»»
The Wall Street Journal: WeWork co-founder Adam Neumann sues SoftBank over collapse of $3 billion deal
WeWork’s co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company......»»