JPMorgan , the lead banker in The We Company ’s IPO , will reportedly share $ 122 m in fees with other banks . The firm also led a bid to extend a $ 6bn debt package to WeWork and extended loans worth more than $ 40 m to Adam Neumann personally . Chairman and CEO Jamie Dimon was formerly co - CEO of Salomon Smith Barney , a role he held when that bank began a relationship with WorldCom ’s Robert Gates . A relationship that cost Salomon Smith Barney ’s parent Citigroup billions of dollars to settle a legal case and saw him sentenced to a lengthy prison term , according to Wall Street on Parade . The same site draws parallels between us and WeWork suggesting Salomon Smith Barney had a conflict of interest when bringing WorldCom to market and that perhaps JPMorgan ’s Elson said: “It’s a mess any way you look at it from a governance standpoint.” relationship with The We Company could be similarly conflicted .
JPMorgan , the lead banker in The We Company ’s IPO , will reportedly share $ 122 m in fees with other banks . The firm also led a bid to extend a $ 6bn debt package to WeWork and extended loans worth more than $ 40 m to Adam Neumann personally . Chairman and CEO Jamie Dimon was formerly co - CEO of Salomon Smith Barney , a role he held when that bank began a relationship with WorldCom ’s Robert Gates . A relationship that cost Salomon Smith Barney ’s parent Citigroup billions of dollars to settle a legal case and saw him sentenced to a lengthy prison term , according to Wall Street on Parade . The same site draws parallels between us and WeWork suggesting Salomon Smith Barney had a conflict of interest when bringing WorldCom to market and that perhaps JPMorgan ’s relationship with The We Company could be similarly conflicted .