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WeWork CEO Steps Down After Botched IPO

Adam Neumann stepped down as WeWork’s chief executive following a botched attempt to take the company public. “The announcement marked a swift and stunning fall for Mr. Neumann, who had enormous control over WeWork and spoke about the company with missionary zeal,’” according to the The New York Times, which described Neumann as a “charismatic frontman, a towering, hard-partying Israeli with long hair and a penchant for leather jackets and tequila. He used the company to fund his pet projects, maintained a lavish lifestyle complete with private jets and luxury homes.”

Read the whole story at The New York Times »

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