The We Company has created a special board committee to review proposed rescue packages it is expecting to receive imminently from SoftBank and JPMorgan , with Reuters citing to four people familiar with the company . The co - workspace operator has established the committee , which comprises two By Joshua Franklin, Greg Roumeliotis and Anirban Sen NEW YORK, Oct 16 (Reuters) - WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co, four people familiar with the matter said on Wednesday. We board members only , to try to keep some independence over financial decision - making from We , which is represented on We ' seven - member board . The two committee members are Bruce Dunlevie , a general partner at Benchmark Capital , and Lew Frankfort , former CEO of the handbag maker Coach .
The We Company has created a special board committee to review proposed rescue packages it is expecting to receive imminently from SoftBank and JPMorgan , with Reuters citing to four people familiar with the company . The co - workspace operator has established the committee , which comprises two We board members only , to try to keep some independence over financial decision - making from We , which is represented on We ' seven - member board . The two committee members are Bruce Dunlevie , a general partner at Benchmark Capital , and Lew Frankfort , former CEO of the handbag maker Coach .