Hints and tips:
...Soho House’s founder Nick Jones and the owner of the Ivy restaurant chain Richard Caring continue to have large shareholdings in the business....
...Neumann, usually the arch salesman, was uncharacteristically quiet this week, however....
...A spokesman for Neumann declined to comment....
...richard.waters@ft.com...
...Mathrani has avoided the spotlight his predecessor Adam Neumann relished and slashed costs, but WeWork remains lossmaking....
...WeWork co-founder Adam Neumann on his next steps After a fall as spectacular as his rise, the charismatic salesman is back....
...It’s a brutal assessment delivered to Rebekah Neumann, the wife of Adam, co-founder of WeWork in WeCrashed, the TV drama....
...Richard Valentine-Selsey, research analyst at property company Savills, said the sector still had room to grow considerably. “2021 was a landmark year for new entrants....
...One banker said it left the government in effect selling Channel 4’s brand, its Richard Rogers-designed headquarters and the remodelled obligations and benefits of the broadcaster’s public service remit....
...SoftBank and WeWork co-founder agree divorce deal SoftBank has spelt out the full cost of its bitter divorce from WeWork co-founder Adam Neumann, in which Neumann has received cash, stock awards and fees...
...Richard Waters’ latest column looks at how trading app Robinhood and crypto exchange Coinbase have become the vehicles for a boom in individual investing and speculation, as well as two of the most visible...
...Smart reads WeCrash Adam Neumann dreamt up a run-of-the-mill real estate plan into an empire SoftBank’s Masayoshi Son once prophesied would reach $10tn by 2028....
...(Forbes) News round-up Aon/Willis: for trustbusters, happiness is a smoking gun (FT Lex) Hong Kong tycoon Richard Li’s FWD to raise up to $3bn in US IPO (FT) eBay to sell South Korea unit for $3.1bn...
...HSBC named Bob Hoyt as its chief legal officer, replacing Richard Gray in January, who is leaving the bank after 12 years in the role....
...The company last week shelved plans to list and on Monday chief executive Adam Neumann was pushed out....
...Kirkland & Ellis has hired Olivia Adendorff, Richard Cunningham and Sean Royall from Gibson, Dunn & Crutcher to help build its capabilities in antitrust, data privacy, and consumer protection, Bloomberg...
...But the downfall of its former chief executive Adam Neumann goes beyond schadenfreude — it has triggered a rethink on valuations....
...Rebekah Neumann, Mr Neumann’s wife and co-founder, who is described in the listing document as his “strategic thought partner”, will be one of two or three people to decide on succession in the event of...
...This resulted in co-founder Adam Neumann stepping down as chief executive this week....
...Benchmark Capital and Neumann aren’t happy and will most certainly litigate the matter....
...Richard Kaye, a portfolio manager at Comgest who holds a $40m stake, said: “We like the message that the company is simply not going to tolerate a massive valuation discrepancy any more.”...
...Former WeWork chief executive Adam Neumann, for instance, held majority voting control over the company until he was forced out as part of the SoftBank rescue package....
...And somewhere in Medialand DD has to imagine HBO’s former boss Richard Plepler,below, is having a hearty laugh at the situation at AT&T....
...And there’s the opportunity for founder Adam Neumann and his wife to retain their powerful supervoting rights provided they give $1bn to good causes....
...The reason: there is not always a pot of gold at the end of the rainbow, says Richard Waters....
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