A the We Company and the We Company backed boardroom coup at SoftBank has been put on hold while Neumann talks to board members and investors over his role at the company. It invested in We Company at a $47 billion valuation in January. 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. Adam Neumann staying on as CEO working alongside an independent chairman is another option being discussed.
A the We Company and the We Company backed boardroom coup at SoftBank has been put on hold while 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. Adam Neumann staying on as CEO working alongside an independent chairman is another option being discussed.