Deals
Adam Neumann’s Era of Excess and Eccentricity Is Over at WeWork
- SoftBank Group, its largest investor, is taking control
- Company is beset by sagging morale and landlord unrest
This article is for subscribers only.
It was just weeks ago that Adam Neumann was running one of the world’s most valuable startups. As chief executive officer of WeWork, he was on the verge of an initial public offering of a venture once valued at $47 billion.
Today, in a remarkable fall from grace, the office-sharing company that he co-founded in 2010, the one he promised would elevate the world’s consciousness, is no longer his.