Some WeWork directors are seeking to remove Adam Neumann as CEO after the startup delayed its IPO, people familiar with the matter said
A bloc of WeWork directors is planning to push Adam Neumann to step down as chief executive after a tumultuous week in which his eccentric behavior and drug use came to light and the startup delayed its much-anticipated stock-market listing.
A group including officials tied to SoftBank Group Corp., the company’s largest investor, wants Mr. Neumann to relinquish his title of CEO of We Co., the parent of the office-sharing company, people familiar with the matter said.
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