The practice by Adam Neumann was disclosed in a prospectus for a debt offering by Wework last year, which showed that the company had leases on several properties in which he had stakes. Details divulged in the prospectus for Wework ’s bond issue between 2016 and 2017 showed that the company expects to pay $12m in rent on buildings partially owned by officers over the lifetime of the leases. This is on top of around $111m paid last year .
Details divulged in the prospectus for Wework ’s bond issue between 2016 and 2017 showed that the company expects to pay $12m in rent on buildings partially owned by officers over the lifetime of the leases. This is on top of around $111m paid last year .