WeWork just removed cofounder Rebekah Paltrow Neumann from succession planning and banned her from the board. Meet the former actress, who is CEO Adam Neumann's 'strategic thought partner'

Credit: Business Insider- Published 1 day ago
· Rebekah Paltrow Neumann cofounded WeWork in 2010 alongside her husband, Adam Neumann, and Miguel McKelvey.
· Investor pushback has led WeWork to strip back her influence over the company, including removing her from succession planning in the event of the death of her husband, CEO Adam Neumann, and banning her and members of...
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Credit: The Street
Published 2 days ago -  01:08
We Co. Picks Nasdaq, But Will Investors Pick We Co.?
WeWork's parent company, We Co., has chosen to list its shares on Nasdaq and plans sweeping changes in its governance as the shared-workspace provider moves closer to its highly scrutinized initial public offering. However, skepticism over the company's governance as well as its economic model and balance sheet have plagued its IPO since it was first announced last month, leading to a valuation of what is expected to be around $20 billion -- less than half the $47 billion expected when its IPO plans were first announced. A number of issues have clouded the company's path toward going public, including large losses, management's larger-than-normal share of votes and large insider share sales in the private market by CEO Adam Neumann. Most troubling, however, have been concerns that the company's $17 billion in global commercial lease obligations will be difficult to shoulder if the economy sours and demand for shared workspace falls. WeWork's Multi-Billion-Dollar Bet on Office Space Appears to Lose Its Luster WeWork IPO Will Test Investors' Patience for Cash-Bleeding 'Economies of Scale' Premium Pick: Jim Cramer: Playing Hostage/Non-Hostage on China-Exposed Stocks Trading Strategies: A Lookahead to the Fed, Stocks to Watch and CVS Bull Marker Fantasy: Stocks Versus Stats: Netflix or Green Bay Packers Quarterback Aaron Rodgers? Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below

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