WeWork’s Adam Neumann Didn’t Get His Full $185 Million Fee From SoftBank

(Bloomberg) — WeWork and its primary backer, SoftBank Group Corp., paid Adam Neumann only a portion of the $185 million fee that was part of his controversial exit package as chief executive officer, a person familiar with the transaction said.The fee was tied to a noncompete agreement for Neumann, said the person, who asked not to be identified because the details are private. A portion of the payment depended on the completion of a deal to acquire WeWork stock from Neumann and other shareholders, the person said. SoftBank backed out of that stock transaction, a move that is the subject …read more

Source:: Yahoo Finance


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