WeWork founder Adam Neumann’s $1.7 billion payout from Softbank is unprecedented – Vox

VEA Vice Chair Nell Minow is quoted about the astounding payout to ex-We Work CEO Adam Neumann — $1.7 billion for his stock plus $185 million for consulting services AND a $500 million credit line.

“He basically said, ‘This is what I need in order to leave,’ and they’re finding different ways to categorize that payment,” Nell Minow, vice chair of ValueEdge Advisors, a corporate governance consulting firm, told Recode. “The question now to me is, ‘What is Softbank thinking?’ It’s hard to imagine that throwing any additional money into this mess is good for their investors.”

via WeWork founder Adam Neumann’s $1.7 billion payout from Softbank is unprecedented – Vox

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