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Adam Neumann Joins The Ranks Of Highly Scrutinized CEOs

Today’s capitalist climate has been on the receiving end of major criticisms due to CEOs of huge enterprises unethical practices. Click To Tweet

WeWork’s CEO Adam Neumann may be a prime example of such. Ahead of the company’s initial public offering, WeWork’s prospectus revealed conflicts of interest that have not sat well with investors. This includes Neumann leasing his own buildings back to the company, as well as personally reserving the trademark for “We” through an entity he owns, then selling the rights to the company for $5.9 million in stock.

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In its amended S-1 filing, the company announced it was unwinding this, but it is hard to tell whether this was to be more ethical or as a result of public scrutiny. Likely, it is the latter.

It is Neumann’s actions that have led to much of WeWork’s criticism. While the company has yet to be tested during a recession, its CEO has already proven himself to be questionable at best.

ABOUT Aayat Ali
Aayat Ali

Aayat is an editor for the Daily Digest based out of Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces. Feel free to reach out to her at [email protected] View all posts by Aayat Ali

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