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WeWork Misses Q2 Earnings Expectations Despite Improving Performance, Financial Stability
News

WeWork Misses Q2 Earnings Expectations Despite Improving Performance, Financial Stability

... invest using the local currency,” Mathrani said. Before co-founder Adam Neumann departed as CEO following a failed attempt at an initial ... the length of its lease liabilities than it did under Neumann. “In 2017, 90% of our business was month-to-month ...

Aug 04, 2022
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Former Retail Real Estate CEO Joins WeWork's Board
News

Former Retail Real Estate CEO Joins WeWork's Board

... over the company in 2020 following the ousting of founder Adam Neumann. “I am confident he will make a strong impact as ...

Jun 27, 2022
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WeWork Shareholders Sue SoftBank For Reneging On $3B Share Purchase
News

WeWork Shareholders Sue SoftBank For Reneging On $3B Share Purchase

... officer, Marcelo Claure, as WeWork chairman, ousting founder and CEO Adam Neumann. But last week, SoftBank said it would back out of ... obligated to do so.” WeWork representatives declined to comment.  Neumann was set to make $970M in the deal by selling ...

Apr 07, 2020
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WeWork exterior
News

WeWork Losses Narrow Sharply, Desk Sales Hit Highest Mark Since Pandemic

... Mathrani, who took the helm of the company after founder Adam Neumann left in the wake of a botched initial public offering ...

May 12, 2022
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EagleBank Presents: 15 Things You Need to Know
News

EagleBank Presents: 15 Things You Need to Know

... with the funding announcement, WeWork co-founder and CEO Adam Neumann revealed a restructuring of the organization. The We Company, ... which lists Neumann, Miguel McKelvey and Neumann's wife, Rebekah, as founders, will be ...

Jan 09, 2019
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WeWork Restructures Under 'The We Company,' Announces Reduced Funding Deal From SoftBank
News

WeWork Restructures Under 'The We Company,' Announces Reduced Funding Deal From SoftBank

... with the funding announcement, WeWork co-founder and CEO Adam Neumann revealed a restructuring of the organization. The We Company, ... ’s mission is to unleash every human’s superpowers." Adam Neumann told Fast Company that WeLive, the co-living business ...

Jan 08, 2019
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Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank
News

Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank

... ownership. A previous bond sale when WeWork was still under Adam Neumann's leadership required the company to keep $500M in cash ... tender offer to buy stock from existing shareholders, including Neumann. The emergency financing was necessary as a result of ...

Dec 10, 2019
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This Week's N.Y. Deal Sheet
News

This Week's N.Y. Deal Sheet

... SF lease there in 2019, around the time former CEO Adam Neumann was ousted. JLL’s Clark Finney represented WeWork, and Santander ...

Feb 15, 2022
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Marcelo Claure Is Out At SoftBank After Billion-Dollar Pay Dispute
News

Marcelo Claure Is Out At SoftBank After Billion-Dollar Pay Dispute

... , running the embattled company after Son tapped him to succeed Adam Neumann. In May last year, Claure said that sales at WeWork ...

Jan 28, 2022
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Benjamin burning
News

WeWork Lost $1.25B In The Third Quarter As Its IPO Went Belly-Up

... but other kinds of expansion formerly driven by former CEO Adam Neumann, including the various tech companies WeWork acquired, The Wall ... losses — and rankled by the $1B-plus payoff to Neumann to cede control of the company — are demanding severance pay ...

Nov 14, 2019
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