Adam Neumann, CEO of The We Company, is facing backlash as he continues to personally buy buildings that are leased to WeWork.
The first of these dealings took place last March when Neumann partnered with designer Elie Tahari to buy a stake in 88 University Place, then leasing it to the coworking operator.
These dealings are making Neumann millions as he continues to expand the investments, including multiple properties in San Jose, California where WeWork has plans for a new campus.
WeWork defended the deals, stating that the investments were approved by the board and an independent committee, but investors have expressed some concerns.