Adam Neumann, co-founder and chief executive officer of WeWork, speaks during a signing ceremony at WeWork Weihai Road flagship on April 12, 2018 in Shanghai, China. World's leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars.

WeWork, in its public offering documents, disclosed a slew of related-party transactions involving CEO Adam Neumann, his wife, and various family members.
But the company didn’t disclose a collection of deals involving the family members of other company officials, according to a report in the Wall Street Journal.
The deals the Journal reported involved family members of Michael Gross, WeWork’s vice chair; Arash Gohari, its co-head of real estate; and Granit Gjonbalaj, its chief real estate development officer.
WeWork is facing pushback among investors over its planned IPO in part over concerns about such transactions and its broader corporate governance.
Read all of Business Insider’s WeWork coverage here.

WeWork’s recently filed public offering paperwork raised eyebrows with its list of numerous deals the company has been a party to that involve the family members of CEO Adam Neumann and his wife, Rebekah.

As bad as those related-party transactions looked to many corporate governance experts, they weren’t all-inclusive. The document left out a collection of transactions involving the family members of other employees, including the parents of Vice Chair Michael Gross, according to a new report in The Wall Street Journal.

WeWork spokeswoman Erin Clark declined to comment on …read more

Source:: Businessinsider – Technology


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