WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the company

Canada News News

WeWork cofounders Adam and Rebekah Neumann have to donate $1 billion to charity in 10 years or lose some control of the company
Canada Latest News,Canada Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

The pair's voting rights, which let them control the shared-workplace company, will almost halve if they don't hit their goal.

The We Company's CEO Adam Neumann must donate at least $1 billion to charity in the next decade or his control over the shared-workspace group will be almost halved. Adam and Rebekah Neumann — the company's chief brand and impact officer and his wife — must hit the giving target or their"high-vote" shares will halve in power from 20 voting rights to 10.

The We Company's CEO Adam Neumann must donate at least $1 billion to charity in the next decade or his control over the shared-workspace group will be almost halved. Adam and Rebekah Neumann — the company's chief brand and impact officer and his wife — must hit the giving target or their"high-vote" shares will halve in power from 20 voting rights to 10.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The life of Adam Neumann, the billionaire WeWork founder and CEO who's about to take his company publicThe life of Adam Neumann, the billionaire WeWork founder and CEO who's about to take his company publicHere's everything you need to know about the We Company CEO, who has five children and has purchased an estimated $80 million-worth of real estate.
Read more »

WeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork released its much-anticipated IPO prospectus, joining a flurry of tech companies going public in 2019.
Read more »

WeWork files for IPOWeWork files for IPOThe Securities and Exchange Commission filing provides the first in-depth look at WeWork's financial results.
Read more »

WeWork IPO Filing Reveals Huge Revenue and LossesWeWork IPO Filing Reveals Huge Revenue and LossesWeWork’s parent company unveiled the papers for its initial public offering, taking the next step toward the office-space firm’s debut as soon as September.
Read more »

WeWork-parent We Co. goes public with IPO filingWeWork-parent We Co. goes public with IPO filingWeWork-parent The We Co. has publicly filed for an initial public offering of common stock. The provider of shared office spaces said it will offer Class A...
Read more »

WeWork files for IPO after losing $1.9 billion last yearWeWork files for IPO after losing $1.9 billion last yearWeWork's parent company moves forward with plans to go public despite listing a $1.9 billion loss last year in IPO filing
Read more »



Render Time: 2025-03-10 18:20:43