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A former WeWork employee is suing over Adam Neumann’s $1.7 billion golden parachute

adam neumann wework

  • A former employee is taking WeWork to court over cofounder Adam Neumann’s reported $1.7 billion golden parachute.
  • Natalie Sojka’s lawsuit accuses Neumann and other WeWork directors of benefiting themselves at the expense of minority shareholders as their actions have “eviscerated” the value of WeWork stock and stock options.
  • “It is beyond comprehension why Neumann would be paid $185 million to provide strategic guidance to the company when his ‘guidance’ resulted in the virtual destruction of the company,” the lawsuit alleges, referring to the consultancy fees that are reportedly part of Neumann’s leaving package.
  • of Business Insider’s WeWork coverage here.

A former employee is read more >>>

Source:: BusinessInsider.Com