WeWork CEO Adam Neumann's incentives tied to the company's stock value and his charitable donations
WeWork CEO Adam Neumann controls a majority of the voting rights through the company's class B and C shares.
"As the company grew, our board of directors desired to provide a significant incentive to Adam to conduct an initial public offering, based on the premise that the company's value would be maximized as a public entity rather than remaining privately held,' the company's S-1 filing states. "By connecting these awards to service to the company and long-term value creation, our board believes we have set the foundation for long-term incentive alignment between Adam and our stockholders," the company said.
Neumann must also fulfill certain charity contribution requirements in order to maintain voting control of the company.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execsWeWork loaned $7 million to CEO Adam Neumann in 2016, the company revealed in the IPO paperwork it made public on Wednesday.
Consulte Mais informação »
The life of Adam Neumann, the billionaire WeWork founder and CEO who's about to take his company publicHere's everything you need to know about the We Company CEO, who has five children and has purchased an estimated $80 million-worth of real estate.
Consulte Mais informação »
WeWork warns it may have violated the Securities Act when its CEO gave interviews in MayCEO Adam Neumann gave interviews to Business Insider and Axios in May, just months before WeWork's S-1 became public, which may violate the SEC's quiet period rules.
Consulte Mais informação »
WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the companyThe pair's voting rights, which let them control the shared-workplace company, will almost halve if they don't hit their goal.
Consulte Mais informação »
WeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork released its much-anticipated IPO prospectus, joining a flurry of tech companies going public in 2019.
Consulte Mais informação »
WeWork files for IPOThe Securities and Exchange Commission filing provides the first in-depth look at WeWork's financial results.
Consulte Mais informação »