The We Company has created a special board committee to review proposed rescue packages it is expecting to receive imminently from SoftBank and JPMorgan, according Reuters citing to four people familiar with the matter. The co-workspace operator has established the committee, which comprises two representatives of each company and one independent director, in order to help determine how best to proceed on its own as well as those companies’ proposals, these sources said. SoftBank declined to comment for this story. ’s seven-member board. The two committee members are Bruce Dunlevie, a general partner at Benchmark Capital, and Lew Frankfort, former CEO of luxury 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, according Reuters citing to four people familiar with the matter. The co-workspace operator has established the committee, which comprises two representatives of each company and one independent director, in order to help determine how best to proceed on its own as well as those companies’ proposals, these sources said. ’s seven-member board. The two committee members are Bruce Dunlevie, a general partner at Benchmark Capital, and Lew Frankfort, former CEO of luxury handbag maker Coach.