The Powerful Wife of WeWork
Quote from Ndubuisi Ekekwe on September 13, 2019, 10:12 AMWeWork founder packed power to his wife. This is a company with valuation in excess of $20 billion.
WeWork will reportedly list its shares on Nasdaq on the week of September 23, and it's also planning "sweeping" governance changes such as curbing the voting power of Adam Neumann, the co-founder, and removing his wife's ability to choose his successor in the event of his death. Investors have been rather tepid on the imminent flotation. (Fortune)
If this was an African company, at valuation of $20 billion, it will be a big scandal.
WeWork founder packed power to his wife. This is a company with valuation in excess of $20 billion.
WeWork will reportedly list its shares on Nasdaq on the week of September 23, and it's also planning "sweeping" governance changes such as curbing the voting power of Adam Neumann, the co-founder, and removing his wife's ability to choose his successor in the event of his death. Investors have been rather tepid on the imminent flotation. (Fortune)
If this was an African company, at valuation of $20 billion, it will be a big scandal.