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New WeWork co-chiefs would reportedly each receive an $8.3-million golden parachute if they were fired or choose to leave

FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019.  REUTERS/Kate Munsch/File Photo

  • Documents obtained by the Financial Times reportedly show that WeWork’s new co-chief executives Artie Minson and Sebastian Gunningham would each earn $8.3 million if they get fired or leave otherwise.
  • WeWork’s chief legal officer Jennifer Berrent would also receive $1.5 million if ousted and would not have to repay $12 million of retention bonuses, which could have been retrieved under her previous contract.
  • The new exit packages were negotiated after WeWork was acquired by SoftBank, following the company’s founder and CEO Adam Neumann stepping down in September.
  • Neumann received a $1.6 billion exit package, although the company itself has read more >>>

    Source:: BusinessInsider.Com