WeWork Chairman Says Consulting Deal With Adam Neumann No Longer in Place - News Summed Up

WeWork Chairman Says Consulting Deal With Adam Neumann No Longer in Place


A $185 million consulting deal that SoftBank Group Corp. signed with WeWork co-founder Adam Neumann upon his departure last year is no longer in place, a WeWork executive chairman said. “I don’t think that consulting agreement is still in force,” Executive Chairman Marcelo Claure said of the agreement, speaking at The Wall Street Journal’s Tech Live conference, held remotely on Monday. “I think Adam may have violated some of the parts of the consulting agreement, so that’s no longer in effect.”Mr....


Source: Wall Street Journal October 19, 2020 19:45 UTC



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