Adam Neumann’s $1.7 billion golden parachute could be slashed as SoftBank looks to trim its WeWork rescue deal
|11/22/2019||Posted by BusinessMediaguide.Com under General World News||
- Adam Neumann’s $1.7 billion golden parachute could be slashed as SoftBank bosses seek to trim the $9.5 billion rescue deal they struck with WeWork last month, according to Bloomberg.
- Some SoftBank executives have said Neumann’s leaving package — which reportedly includes $970 million from stock sales to SoftBank, a $500 million credit line, and $185 million in consultancy fees over four years — is too generous.
- WeWork laid off 2,400 people or about 20% of its global workforce this week, and a former WeWork employee is also suing over Neumann’s departure deal.
- For more WeWork stories on WeWork, click here.
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