Adam Neumann: The First Billion Dollar Redundancy

How WeWork’s founder walked away with a fortune

Concoda
Concoda
Dec 5, 2019 · 4 min read

Severance packages offered by companies in crisis create a bizarre dynamic: the more damage a CEO does, the more they get paid.

If there’s one thing Hollywood gets right, it’s severance negotiation in the boardroom. When a corporation is in full damage control and an employee has access to potentially damming inside information, such as dodgy filings or financial accounts, the company can literally offer hush money in exchange for a nondisclosure. So when you compile the speculation from journalists and insiders about WeWork’s questionable figures, it makes sense why many believe Neumann has signed nondisclosures that would contribute to the size of his severance package.

Concoda

An investment in knowledge pays the best interest

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Concoda

Navigating markets, economics, and life. Developer. Portfolio Manager. Writer.

Concoda

Concoda

An investment in knowledge pays the best interest

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