FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to the guests at the TechCrunch disrupt event in midtown Manhattan in New York City, NY, USA, May 15, 2017. REUTERS/Eduardo Munoz – RC1797D4F8D0/File Photo
NEW YORK (Reuters) – WeWork co-founder Adam Neumann has been started, with interviews with board members and investors to discuss its role in the future, including the possibility of giving the title of the chief executive of the united states office sharing start-up business, people familiar with the matter said on Monday.
Construction has not yet agreed to step aside as the CEO of WeWork grow older, We are a Company, and there can be no assurance that it will do so, sources said. However, a board of directors in challenge to planned by the investors, including SoftBank Group, Corp. and Benchmark Capital, which has been put on hold until the discussions produce a result, the sources added.
One possibility is that He is discussing the transition to a new chairman role, sources said. The Details of the conversation, and what the Construction would require in exchange for giving up his CEO title and can’t be taught.
The other option would be for the Construction to continue as the chief executive officer, with an independent chairman, brought up to the board of directors, according to a source.
Were Construction to proceed with the leadership transition, it is unlikely that We are the Company to go ahead with the plans for the completion of an initial public offering by the end of the year. This would mean that it would have to be replaced due to a $6 billion debt deal was reached with the banks this summer, this is due to the start-up business from the fair.
We are the Company you plan to slow down the expansion, so that it is less money and, therefore, require less funding, in the absence of an IPO of the company at the close of the team, which is one of the sources said.
The sources asked not to be identified because the matter is confidential. WeWork declined to comment. Construction does not immediately respond to requests for comment.
Reporting by Joshua Franklin and Greg Roumeliotis in New York; Editing by Dan Grebler