WeWork Chairman Marcelo Claure is presenting a five-year strategic plan to the office company’s board on November 19.
It will include a new governance model focused on “accountability and fairness”; a new organizational and compensation plan; and financial restructuring that eliminates the need to raise more capital.
Business Insider obtained a full copy of the memo.
Read all of Business Insider’s WeWork coverage here.
WeWork chairman Marcelo Claure is presenting a five-year strategic plan to the office company’s board of directors on November 19, he told employees in a memo on Thursday.
Claure said the plan will include new compensation plan, and a financial restructuring that eliminates the need to raise more capital. A WeWork representative declined to comment.
Here’s the full memo:
I hope you all had a good week. Before I dig into this week’s update, I want to share a personal story with you.
I ran the New York City Marathon last Sunday. I’m a big guy, and it may not have been the prettiest sight, but I finished — and while challenging, it was extremely rewarding. I got to see all five boroughs of New York from the ground up, running alongside people from …read more
Source:: Businessinsider – Technology