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- At WeWork, the biggest stock awards are mostly going to men, The Information reported.
- Some 94% of stock awards worth $1 million or more went to males, according to the report.
- The WeWork executive who put together the study has accused the company of ignoring it and has since been put on leave, according to her lawsuit against WeWork.
- The report comes as the company is facing growing scrutiny over its treatment of women; among other things, it doesn’t have any women on its board of directors.
- Read all of Business Insider’s WeWork coverage here.
At the top of WeWork’s pay ladder, there’s a big imbalance between men and women, The Information reported Tuesday.
Of the 58 stock awards the company handed out that were valued at $1 million or more, 55 — 94% — went to men, the outlet reported, citing a study undertaken by a WeWork compensation executive. The company ignored the study and put the executive, Lisa Bridges, on leave after she tried to get WeWork’s management to address the issues it raised, according to The Information.
Bridges sued WeWork in June, alleging sexual harassment and gender discrimination, according to the report.
A WeWork representative did not immediately respond to an email seeking comment.
WeWork has been drawing scrutiny lately over its treatment of women. Another former executive, Ruby Anaya, has also sued the company, alleging sexual harassment, which she said WeWork didn’t investigate.
Additionally, none of the directors of the company is a woman, the company disclosed in the paperwork it made public recently in advance of its planned initial public offering. And only 20% of the people who report directly to CEO Adam Neumann are female, according to The Information.
Read this: WeWork files for IPO, revealing spiraling losses of $1.6 billion
Read the full report from The Information here.
Got a tip about WeWork or another company? Contact this reporter via email at twolverton@businessinsider.com, message him on Twitter @troywolv, or send him a secure message through Signal at 415.515.5594. You can also contact Business Insider securely via SecureDrop.
- Read more about WeWork’s IPO:
- Here’s how WeWork answered the 5 biggest questions about its business — and why analysts are still worried about its upcoming IPO
- 2 big numbers — $4 billion and $47 billion — sum up WeWork’s business model and the risky reason it could collapse in a recession
- WeWork wants investors to think of it as a tech company. These 5 slides illustrate how its numbers tell a different story.
- Adam Neumann has locked up control of The We Company in a jaw-dropping way, even by Silicon Valley standards, by giving himself 20 votes per share
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See Also:
- Here’s how WeWork answered the 5 biggest questions about its business — and why analysts are still worried about its upcoming IPO
- Why WeWork’s $47 billion private valuation could be a key stumbling block for its IPO — and might even derail it completely
- 2 big numbers — $4 billion and $47 billion — sum up WeWork’s business model and the risky reason it could collapse in a recession
Source: Business Insider – twolverton@businessinsider.com (Troy Wolverton)