Boardroom tussle: Some directors are expected to ask Neumann to step down as CEO and becoming non-executive chairman.— Reuters
NEW YORK: Adam Neumann has said his mission as WeWork’s chief executive is to elevate the world’s consciousness. Members of his board are now discussing a plan to elevate someone else to run the company and salvage its troubled initial public offering.
Some directors are expected to raise the prospect at a meeting of Neumann stepping down as CEO and becoming non-executive chairman, said the people, who asked not to be identified because the discussions are private.
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