WeWork's new CEOs could still have a rough time dealing with Adam Neumann, experts say
WeWork's board has replaced founder Adam Neumann as CEO amid the company's disastrous attempt to go public.
He will become the "non-executive" chairman, meaning a chairman with no day-to-day management functions at the company.
Neumann has also been stripped of his control of the company. His super voting shares now carry 3 votes per share (down from 20 per share). And he no longer retains sole voting control.
Softbank, the company's biggest backer, now has more power.
There's just one prob
Read more »