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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Adam Neumann of WeWork has filed a $ 1.7bn package

Adam Neumann of WeWork has filed a $ 1.7bn package



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A WeWork shareholder took the company to court for close to $ 1.7bn (£ 1.3bn) leaving the package approved for the co-expulsion. founder Adam Neumann. [19659005] His indictment stated that the money provided to Mr. Neumann was "beyond comprehension" and "improper".

It accused Mr. Neumann and WeWork of Softbank investors of abusing their control of the company to sign off on the deal at the expense of smaller shareholders.

WeWork called the claims "meritless". He stepped down as chief executive in September, after the company's efforts to raise money through a stock market flotation collapsed, in part because of questions about his leadership. with the exit deal for Mr. Neumann, who agreed to give up most of his shares and leave the board.

WeWork is now slowing down its business, expecting thousands of job cuts. The value of its shares has plummeted from previous investments to the latest financing.

It told investors it plans to sell businesses that are not part of its office rental operation, such as Wavegarden, which manufactures indoor surfing pools. ] The lawsuit was filed in San Francisco Superior Court by Natalie Sojka, who worked for the company for one and a half years and received the shares as part of her salary.

He recommended it as a class action lawsuit for himself and other minority stockholders.


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