SEARCHED FOR:ADAM NEUMANN
Implosion of high-flying billionaire trio shows pledging risks
Pledging is big in Asia, where state-owned banks dominate financial markets and high-growth companies are more common. Tycoons in China and India often turn to lenders and other financial-services firms that offer cash in exchange for committed shares.
WeWork co-founder Adam Neumann sues SoftBank over failed $3 billion tender offer
In April, SoftBank said it would not press ahead with the te...
WeWork Global to invest $100 million in WeWork India
WeWork India plans to use the capital for focused growth in the Indian market over the n...
WeWork’s Adam Neumann in talks to boost investment in Peach Street
The company, which hasn’t yet launched, will enable mortgage holders to make payments and access information on a secure digital platform.
Oyo’s Ritesh Agarwal says failures of WeWork changed everything
It is not as if the signs of trouble for the hotel chain have only started now. Trouble had been brewing at Oyo even before the Coronavirus outbreak created a furore across the globe.
WeWork directors sue SoftBank over decision to abandon deal
In a message to shareholders last month, SoftBank cited nearly a half-dozen conditions that WeWork officials hadn’t met as the basis for pulling out of purchase, including its failure to renegotiate some leases in the wake of the economic havoc caused by the Covid-19 pandemic.
Adam Neumann, the boy who burst the Unicorn bubble
WeWork's Neumann saw a flawed system and his combination of greed & smarts allowed him to exploit it.
SoftBank’s nuclear option puts the 'you' back in to WeWork
Without purchasing that stake, SoftBank would be left sharing control with the same executive team and investors who oversaw WeWork’s early blunders — making it tough to effect the wholesale changes needed for a turnaround.
SoftBank lays ground to abandon $3 bln WeWork tender offer
In a notice to WeWork shareholders, SoftBank cited ongoing investigations into WeWork's business by the U.S. Securities and Exchange Commission and the U.S. Department of Justice, as well as a delay in recapitalizing WeWork's joint venture in China, as obstacles to the tender offer being completed.
Adam Neumann’s era of excess and eccentricity is over at WeWork
Neumann will walk away with as much as $1.2 billion as well as a $500 million credit line from SoftBank.
Senior WeWork executive exits after improper office relationship
Reeling since its abandoned public offering, WeWork has seen its culture come under scrutiny, stung by claims of discrimination during the tenure of co-founder Adam Neumann. The former CEO is known for his recreational marijuana use and for encouraging drinking -- particularly tequila -- at work events.
Pressure mounts on WeWork CEO Adam Neumann as board weighs coup
The news of Neumann’s potential ouster comes after a whirlwind week of uncertainty for WeWork.
WeWork names real estate veteran Sandeep Mathrani its new ceo
WeWork said the new CEO will report to Executive Chairman Marcelo Claure, an executive at SoftBank Group Corp., which committed billions of dollars to WeWork in a rescue package last fall.
Masayoshi Son is no angel. He might want to give it a try
Masayoshi Son isn’t timid, to be sure. His reputation is built upon decades of courageous bets that netted him, his investors, and his founders billions of dollars. The most famous being Jack Ma and a little e-commerce company that became Alibaba Group Holding Ltd.
Being a sore loser doesn't make WeWork’s Neumann wrong
Neumann has destroyed $10 billion of SoftBank's money, yet allowing him to salvage a few hundred million dollars from this share-sale deal may help him let go of the company he built and lost