Adam Neumann ’s bankruptcy has thrown the spotlight on Jamie Dimon , the CEO of JPMorgan , with investors claiming the bank was too aggressive in its efforts to woo the fast - growing start - up . JPMorgan , UBS and Credit Suisse extended a $ 500 million personal line of credit to the former WeWork CEO that facilitated the now controversial deals to buy properties that were then leased to WeWork . The same arrangement also allowed Neumann to sell a significant amount of shares in the company , another point of contention for investors . The bank went on to become lead underwriter for the start - up ’s IPO , which should have resulted in fees of $ 100 million .
Adam Neumann’s downfall has cast the spotlight on Jamie Dimon, the CEO of JPMorgan, with critics claiming the bank was too aggressive in its efforts to woo the fast-growing start-up. JPMorgan, UBS and Credit Suisse extended a $500m personal line of credit to the former WeWork CEO that facilitated the now controversial deals to buy properties that were then leased to WeWork. The same arrangement also allowed Neumann to sell a significant number of shares in the company, another point of contention for investors. The bank went on to become lead underwriter for the start-up’s IPO, which should have resulted in fees of $100m.