WeWork, WeWork IPO, Adam Neumann, Executive compensation, BI Prime, stock compensation, Corporate Governance,

WeWork replaced 43 million of CEO Adam Neumann’s stock options with special ‘profits interests’ and a compensation expert calls it ‘unsettling’

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AP Photo/Mark Lennihan WeWork restructured twice in 2019 and each time it changed a big portion of its compensation plan for its cofounder Adam Neumann. Neumann single-handedly controls the company. As such WeWork’s S-1 filing warns that the company doesn’t conform to typical good governance practices, such as having independent board members craft executive compensation […]

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