A SoftBank and Benchmark Capital backed boardroom coup at the We Company has been put on hold while Adam Neumann talks to board members and investors over his role at the company. The company said in a statement that it was “pleased with the outcome of our discussions regarding Mr. Neumann’s future role.” Details of what he might request in exchange for resigning the CEO role is not clear, and no agreement has been reached, further, there is no certainty that he will step aside according sources. Neumann staying on as CEO working alongside an independent chairman is another option being discussed.
A SoftBank and Benchmark Capital backed boardroom coup at the We Company has been put on hold while Adam Neumann talks to board members and investors over his role at the company. Discussions about Neumann stepping down as CEO and taking the post as chairman are ongoing. Details of what he might request in exchange for resigning the CEO role is not clear, and no agreement has been reached, further, there is no certainty that he will step aside according sources. Neumann staying on as CEO working alongside an independent chairman is another option being discussed.