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Just 6 Weeks Ago, WeWork Said Its Success 'Depends in Large Part' on Keeping Its CEO. But Here's the Surprising Thing That Happened Sunday

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24.09.2019

On Sunday, reports broke in The Wall Street Journal, CNBC, and Bloomberg, that some WeWork board members will meet soon, maybe this week, "to push [CEO] Adam Neumann to step down."

You'll recall that WeWork announced its plans to go public last month (with one of the most bizarre and oddly entertaining SEC filings I'd ever read).

But it now apparently plans to delay, after reports saying it would have a hard time going public at even one-third of what it had hoped. Against that, maybe it's unsurprising to hear about palace intrigue.

It's not clear whether a coup can succeed. In theory, Neumann could simply fire any rebelling board members.

Still, it's a stunning potential turn for Neumann, whom the Journal basically laid........

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