Adam Neumann's golden parachute could balloon to over $2 billion if WeWork goes public
could balloon to over $2 billion if WeWork goes public, as he owns millions of special shares in the business.the Financial Times reported
Neumann previously owned about 42.5 million profit interests with a catch-up price of $38.36 a share. He forfeited some of them but negotiated a lower catch-up price for the remainder as part of a deal with SoftBank in October, the Financial Times reported. He now has about 8.5 million vested profit interests with a catch-up price of $19.19 a share, and a further 15.6 million with a catch-up price of $21.05, the newspaper added.
The potential windfall would be on top of SoftBank's exit package for Neumann, which included a $500 million credit line to help him cover his personal debts, a consultancy gig worth $185 million over four years, and a tender offer allowing him to sell up to $970 million worth of WeWork shares.
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