UPDATE 5-WeWork’s Neumann surrenders control, CEO role following investor revolt
WeWork co-founder Adam Neumann agreed on
Tuesday to resign as CEO and give up majority voting control,
after SoftBank Group Corp and other shareholders turned
on him over a plunge in the U.S. office-sharing start-up’s
estimated valuation.
Tuesday to resign as CEO and give up majority voting control,
after SoftBank Group Corp and other shareholders turned
on him over a plunge in the U.S. office-sharing start-up’s
estimated valuation.
Posted by Reuters
