1. WeWork's Board Will Have to Use 'Commercial Pressure' to Force Adam Neumann Out Because he Can't Be Fired, Experts Say

    WeWork's Board Will Have to Use 'Commercial Pressure' to Force Adam Neumann Out Because he Can't Be Fired, Experts Say
    • WeWork's board is considering replacing founder Adam Neumann as CEO amid the company's disastrous attempt to go public.
    • There's just one problem: WeWork's board of directors doesn't have the authority to do that.
    • Neumann controls the voting power of the company, meaning he controls the company.
    • The board will have to pressure him in other ways, governance experts tell Business Insider.
    • And Softbank, WeWork's biggest backer, is sure to play a big role in the coming drama...
    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. He really had a moat around him to protect him from any kind of oversight, which is exactly the opposite of what you look for in a public company.
    2. The tricky part is finding some hugely credible person who can come in.
    3. He's not going to accept change easily.
  3. Topics Mentioned

  4. Authors