WeWork’s co-CEOs will walk away with millions in severance payments if SoftBank replaces them
|10/23/2019||Posted by BusinessMediaguide.Com under General World News||
- According to a Bloomberg report on Wednesday, WeWork’s recently named co-CEOs Artie Minson and Sebastian Gunningham will each receive a multi-million-dollar exit package if they are removed as part of SoftBank’s negotiations to save the struggling coworking startup.
- The Japanese bank announced on Tuesday it was bailing out the startup, and named SoftBank executive Marcelo Claure executive chairman of WeWork.
- Minson and Gunningham were appointed co-CEOs on September 24 following the ouster of WeWork’s cofounder Adam Neumann as the startup struggled to pull off a planned IPO.
- Neumann relinquished his board seat as part of the SoftBank read more >>>