Neumann dominates WeWork, thanks in part to his special stock, which gives him 20 votes per share. WeWork is reportedly thinking about slashing that.
WeWork is mulling whether to reduce CEO Adam Neumann's power to make its planned public offering more attractive to potential investors, The Financial Times reported. The company and its advisors are considering whether to reduce Neumann's voting power from the 20 votes per share that he has now. It's also debating whether to remove his wife, Rebekah Neumann, from her role in naming a successor to her husband if he dies or becomes debilitated.
WeWork is mulling whether to reduce CEO Adam Neumann's power to make its planned public offering more attractive to potential investors, The Financial Times reported. The company and its advisors are considering whether to reduce Neumann's voting power from the 20 votes per share that he has now. It's also debating whether to remove his wife, Rebekah Neumann, from her role in naming a successor to her husband if he dies or becomes debilitated.
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