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How WeWork paid Adam Neumann $5.9 million to use the name ‘We’

Adam Neumann

  • One of the most draw-dropping transactions revealed in WeWork’s S-1 filing involved a $5.9 million payment made to another company controlled by WeWork’s CEO.
  • We paid Neumann’s other company $5.9 million worth of securities in order to own and use the name “We.”
  • One tech finance pundit, NYU Professor Scott Galloway, has skewered the company over this transaction.
  • Read all of BI’s WeWork coverage here.

As we previously reported, WeWork’s founder Adam Neumann has not only locked up tight control of the company, now known as We, he has found myriad ways of extracting millions of dollars read more >>>

Source:: BusinessInsider.Com