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WeWin: A failure of dual class shares in private markets

Due to his disproportionate supervoting shares, WeWork founder and ex-CEO Adam Neumann held de facto total control of the firm and so a significant payout was required to push him out

Eugene Hsiao

Published Sat, Nov 30, 2019 · 5:50 am
The headline figure to pay off Mr Neumann - US$1.7 billion - seems extraordinarily high, yet this was the premium required from new owner SoftBank to seize control of WeWork.

WeWork

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