Skip To Content

Support the Forward

Funded by readers like you DonateSubscribe
Fast Forward

Adam Neumann Could Be Removed As WeWork CEO

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


  • Events

    Vegas, It Isn’t: How Israeli Elections Sent Shockwaves through the Israel-Diaspora Relationship

    OFJCC Campus in Palo Alto, CA

    Dec 11, 2022

    5 pm ET · 

    Do the recent Israeli elections have an impact on the relationship between Israel and Diaspora Jewry? Bear witness as rock stars of Israeli policy come together for a frank conversation about the Israeli elections as seen from the vantage points of statecraft, diplomacy, academia and politics.

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 credit the Forward, retain our pixel and preserve our canonical link 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.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.