adam neumann wework we company ceo

WeWork CEO Adam Neumann, like the CEOs of other high-flying startups that have gone public recently, holds shares in his company that will give him extra votes.
But Neumann’s stock will give him 20 votes per share — twice as many as votes as the stock held by many of his peers, the company revealed Tuesday in the paperwork it filed for an initial public offering.
Thanks to that voting power, Neumann holds majority control over WeWork and is expected to continue to wield that control long after its IPO.
WeWork stories here.

Many CEOs at the helm of newly public tech companies have special shares with extra voting power, allowing the executives to maintain control over their companies.

But Adam Neumann, the founder and owner of WeWork, has shares that give him even more votes than those held by his peers. Neumann gets 20 votes per share with his super-powered stock; other CEOs with such stock usually get about 10 votes per share.

The We Company — WeWork’s parent corporation — will have three classes of shares, it disclosed Wednesday in the paperwork it filed to go public. Class A shares, which will trade publicly after its IPO, will …read more

Source:: Businessinsider – Technology

      

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