In a rare return to the public sphere, WeWork co-founder Adam Neumann resurfaced as the company made its debut on the New York Stock Exchange Thursday
Since the 2019 debacle, Mr. Neumann has eschewed public appearances and media interviews. His retreat came as WeWork’s fall from grace spawned a cottage industry of media dramatization: multiple podcasts; documentaries; and a forthcoming Apple TV series in which actor Jared Leto is playing Mr. Neumann and Anne Hathaway is playing his wife, Rebekah Neumann.
Money isn’t in short supply: When Mr. Neumann left WeWork, he negotiated one of the largest-ever severance packages with WeWork investor SoftBank Group Corp.—one subsequently litigated. Including money paid after a settlement earlier this year, Mr. Neumann An entity controlled by Mr. Neumann still owns about 11% of WeWork, worth more than $850 million including the profits interests. He isn’t able to sell those shares for nine months.
He also sold a collection of commercial properties initially intended to become a mini campus in downtown San Jose, Calif., which was designed to be filled with WeWork-run offices and apartments. He has spent tens of millions of dollars buying apartment buildings in Atlanta and Connecticut, according to people familiar with the purchases.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WeWork’s Ousted Cofounder Adam Neumann Regains Billionaire Status As Company Goes Public Via SPACChastened cofounder Neumann—no longer an executive at WeWork—retained a stake in the office rental company and has received fat separation payouts.
Baca lebih lajut »
WeWork’s Ousted Cofounder Adam Neumann Regains Billionaire Status As Company Goes Public Via SPACChastened WeWork cofounder Adam Neumann—no longer an executive at WeWork—retained a stake in the office rental company and has received fat separation payouts
Baca lebih lajut »
WeWork’s Ousted Cofounder Adam Neumann Regains Billionaire Status As Company Goes Public Via SPACChastened cofounder Neumann—no longer an executive at WeWork—retained a stake in the office rental company and has received fat separation payouts.
Baca lebih lajut »
Paramount Players Taps ‘Night Teeth’ Filmmaker Adam Randall To Direct Blood List Script ‘Curfew’EXCLUSIVE: Paramount’s genre division Paramount Players has tapped Night Teeth and I See You filmmaker Adam Randall to direct horror pic Curfew. The former Blood List entry follows a rebellio…
Baca lebih lajut »
Adam McKay to Be Honored at Oscar Wilde Awards (Exclusive)The event, which honors the Irish in Hollywood, returns in March to its traditional Thursday night date before the Oscars.
Baca lebih lajut »
WeWork’s Ousted Cofounder Adam Neumann Regains Billionaire Status As Company Goes Public Via SPACChastened cofounder Neumann—no longer an executive at WeWork—retained a stake in the office rental company and has received fat separation payouts.
Baca lebih lajut »