Today’s column examines the extraordinary compensation and separation arrangements entered into in 2019 with Adam Neumann by The We Company (better known as WeWork) and SoftBank Group (SoftBank), the latter being a Japanese-based multinational conglomerate investing in a wide variety of businesses including WeWork.
Mr. Neumann co-founded WeWork in 2010, serving as its CEO until September 2019 and as Chairman of the Board until October 2019. The principal business of the WeWork enterprise has been to acquire, by leasing, space in office buildings, outfit the space and then rent it to individuals and enterprises in need of commercial space.
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