Sep 23, 2019
WeWork’s investors hold a lot of leverage over its founder’s future
WeWork is reportedly in a fight with its biggest investor over whether its co-founder should step down as CEO.
A WeWork office in Chicago.
Scott Olson/Getty Images
After the shared-office-space company WeWork indefinitely postponed its IPO last week, there’s news of a fight brewing within the company. In one corner, CEO Adam Neumann, an archetype of the charismatic, colorful visionary behind a Silicon Valley startup. In the other corner, several board members — representing the money behind the company — who reportedly want to oust Neumann in hopes of salvaging the IPO. In battles like these, money talks, and sometimes it says a visionary founder needs to walk.
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