Minson and Gunningham would receive $8.3 million each under the exit packages negotiated. Chief legal officer Jennifer Berrent would receive $1.5 million under the same conditions, and she will not have to repay $12 million of retention bonuses if she is terminated or leaves the company. Exit package terms were sent to shareholders ahead of a $3 billion tender offer for shares by Softbank. The documents note that WeWork may continue experiencing a “significant amount" of senior management turnover, the FT reports. This story has been published from a wire agency feed without modifications to the text.

Source: Mint December 30, 2019 00:11 UTC