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Old 24.10.2019, 20:56
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!

Soft Bank's deal to make Adam Neumann step down boggles the imagination!

According to WaPo, Neuman can sell up to $970 million of his shares; will received $185 million in consulting fees over the next 4 years (really?) and will have a personal credit line of $500 million established by Soft Bank (to take care of his other personal credit line of $500 million with JP Morgan - of which $395 million has been drawn down at present).

And so this guy grossly mismanages a company (some would accuse him of fraud) and this is the package he receives? Unbelievable! Makes me wonder what inside info Mr Neumann may have on Masayoshi Son, Soft Bank's founder and CEO. This kind of payout for a CEO of a company - WeWork- whose cash flow is so thin they can't even make layoffs ( as they cannot afford the redundancy packages) is unprecedented to say the least. I imagine this could be the next non-fiction bestseller which I am certain is in progress! Here is the link to the WaPo article:

https://www.washingtonpost.com/busin...mments-wrapper
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