vp

ISSUE – Oct. 22| Why WeWork founder Adam Neumann is getting $1.7 billion to leave the company he ran into the ground

WeWork founder and former CEO Adam Neumann drove his coworking company’s valuation to a whopping $47 billion by selling investors on his personality and the idea that he was revolutionizing real estate through tech. He also steered the company — through a series of poor and avoidable decisions — into near oblivion. Now the company’s biggest investor, Softbank, is paying him $1.7 billion to leave the company and most of his stock behind. [ Vox ]

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