Adam Neumann Could Be Removed As WeWork CEO
Adam Neumann, We Co. CEO Image by Getty Images
A group of WeWork board members are looking to remove Adam Neumann as the company’s CEO, following a report that he cultivated a party culture and has made questionable business decisions, The Wall Street Journal reported.
Some of the members questioning Neumann’s leadership are from SoftBank Group Corp., which invested $9 billion into the shared-workspace company, now called We Co. They are meeting Monday. The plan is to suggest moving him to WeWork’s nonexecutive chairman. He co-founded the company in 2010
WeWork lost more than $2 billion last year, and it recently delayed its initial public offering after analysts questioned how much the company is worth and how soon it will run out of money. It went from being valued at $47 billion to between $15 billion and $20 billion — or possibly lower.
Employees are having fun, though, at least sometimes. Tequila and marijuana are reportedly staples at company events, which used to include a music festival-like experience in London.
Alyssa Fisher is a writer at the Forward. Email her at [email protected], or follow her on Twitter at @alyssalfisher
The Forward is free to read, but it isn’t free to produce
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
This is a great time to support independent Jewish journalism you rely on. Make a gift today!
— Rachel Fishman Feddersen, Publisher and CEO
Support our mission to tell the Jewish story fully and fairly.
Dive In
-
Fast Forward Kehlani responds to Cornell concert cancellation: ‘I am not antisemitic’
-
Fast Forward David Horowitz, ’60s radical turned right-wing firebrand and critic of Islam, dies at 86
-
Fast Forward Senate committee approves amendment to Antisemitism Awareness Act stating criticism of Israeli government isn’t antisemitic
-
Fast Forward Mohsen Mahdawi, who led Columbia pro-Palestinian protests, freed from detention
Most Popular
- 1
Fast Forward Why the Antisemitism Awareness Act now has a religious liberty clause to protect ‘Jews killed Jesus’ statements
- 2
Culture Trump wants to honor Hannah Arendt in a ‘Garden of American Heroes.’ Is this a joke?
- 3
Fast Forward The invitation said, ‘No Jews.’ The response from campus officials, at least, was real.
- 4
Opinion A Holocaust perpetrator was just celebrated on US soil. I think I know why no one objected.
In Case You Missed It
-
Fast Forward Kehlani responds to Cornell concert cancellation: ‘I am not antisemitic’
-
Fast Forward David Horowitz, ’60s radical turned right-wing firebrand and critic of Islam, dies at 86
-
News Pro-Nazi singer sells out Zagreb arena as Croatia’s collaborationist past sheds its taboo
-
Fast Forward Senate committee approves amendment to Antisemitism Awareness Act stating criticism of Israeli government isn’t antisemitic
-
Shop the Forward Store
100% of profits support our journalism
Republish This Story
Please read before republishing
We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines.
You must comply with the following:
- Credit the Forward
- Retain our pixel
- Preserve our canonical link in Google search
- Add a noindex tag in Google search
See our full guidelines for more information, and this guide for detail about canonical URLs.
To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.