Pressure mounts on WeWork CEO Adam Neumann as board weighs coup
The co-working space has been plagued by concerns over its CEO's controversial style and control of the company.
Adam Neumann has said his mission as WeWork's chief executive is to elevate the world's consciousness. Members of his board are now discussing a plan to elevate someone else to run the company and salvage its troubled initial public offering.
The board plans to meet on Monday, people familiar with the situation said. There, some directors are expected to raise the prospect of Neumann stepping down as CEO and becoming non-executive chairman, said the people, who asked not to be identified because the discussions are private.
With the drama of a palace coup, Neumann has found himself at odds with WeWork's largest investor, SoftBank Group...