From CityAM:
Some Wework board members, including some tied to major investor
Softbank, are planning to try to force chief executive Adam Neumann to
step down, according to reports.
The board of the We Company’s
board could meet as soon as this week, and may consider a proposal for
Neumann to become the firm’s non-executive chairman, the Wall Street
Journal reported.
It has been a tumultuous week for the office space giant, which had to
delay its planned IPO after its plans received a cool reception from
investors.
Japanese conglomerate Softbank, combined with its Vision Fund and Delta
Fund, is We’s largest investor, and has ploughed over $9bn into the
company.....MORE
CityAM doesn't say whose reports (WTH) but the DJ wire crossed this Journal story an hour ago:
Some WeWork Board Members Seek to Remove Adam Neumann as CEO
CNBC says Softbank's
Mr. Son is onboard with the idea.
