WeWork founder Adam Neumann steps down as CEO of The We Company, The New York Times reports. Neumann is expected to remain as chairman when starting the shared office.
Neumann leaves his post after a roller coaster summer where his startup grew from one of the most valued companies in the world to postponing plans for a first public offer. Neumann came under fire after the company's prospectus for the IPO had revealed major losses and a major discrepancy in power distribution between him and the other shareholders of the company. The depot also sheds light on some of Neumann's alleged self-trafficking, including the fact that he named & # 39; We & # 39; had deposited and subsequently granted a license to his own company.
The New York Times says that Neumann was pressured by board members and investors to resign, and it has been reported that even Masayoshi Son from SoftBank supported his removal. Two current executives, Sebastian Gunningham and Artie Minson, will serve as "interim co-chief executives" while the company is looking for a permanent replacement.
The development of …