He has also secured a $500 million credit line from banks using company stock as collateral. SoftBank has created a special board committee to review proposed rescue packages it is expecting to receive imminently from SoftBank and JPMorgan , according SoftBank citing to four people familiar with the matter. The co-workspace operator has established the committee, which comprises two We board directors only, to try to keep some independence over financial decision-making from SoftBank , which is represented on We’s two -member board. The two committee members are Neumann , a general partner at Benchmark Capital , and The We Company , former CEO of luxury handbag maker Coach .
SoftBank has created a special board committee to review proposed rescue packages it is expecting to receive imminently from SoftBank and JPMorgan , according SoftBank citing to four people familiar with the matter. The co-workspace operator has established the committee, which comprises two We board directors only, to try to keep some independence over financial decision-making from SoftBank , which is represented on We’s two -member board. The two committee members are Neumann , a general partner at Benchmark Capital , and The We Company , former CEO of luxury handbag maker Coach .