Neumann Golden Parachute Could Jump To $2-Billion Unlisted Video
4 years ago
29
Adam Neumann's $1.7 billion golden parachute could balloon to over $2 billion if WeWork goes public.
Business Insider reports Neumann holds about 24 million "profit interests" in the coworking startup.
The shares are worth upwards of $350 million following a successful float.
The data was reported by the Financial Times reported, citing documents and sources.
The potential windfall would be on top of SoftBank's exit package for Neumann.
It includes a $500 million credit line, a $185 million consultancy gig, and the chance to sell $970 million worth of shares.
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