WeWork replaced 43 million of CEO Adam Neumann’s stock options with special ‘profits interests’ and a compensation expert calls it ‘unsettling’
Coworking giant WeWork, now doing business as We, plans to become a publicly traded company.
One of the most bizarre parts, of many bizarre things in We’s S-1 form, is the compensation disclosure for WeWork founder and CEO Adam Neumann.
“It certainly raises concerns. It is one of many aspects of this S-1 that raises concerns,” says corporate governance and compensation expert Rosanna Landis Weaver from the non-profit shareholder advocacy group As You Sow. She called all the disclosures about We’s loans, payments and compensation to Neumann, “unsettling.” Read Full Article - Business Insider, August 28, 2019