WeWork CEO Adam Neumann has set up a "hardship" fund through his family office for employees of Faraday Grid, the UK energy startup which collapsed into administration earlier this month.
Neumann had invested $30 million in the startup in January through his family office, but the startup collapsed the same day that WeWork filed to go public.
Faraday Grid had been developing transformer technology, but ran out of money after racking up a monthly burn rate of $2.4 million.
Two sources with...
Former Twitter CEO Dick Costolo called out WeWork CEO Adam Neumann in a profile of Neumann published Wednesday in the Wall Street Journal.
"The degree of self-dealing," Costolo said Neumann, "is so egregious, and it comes at a time when you've got regulators and politicians and folks across the country looking out at Silicon Valley and wondering if there's the appropriate level of self-awareness."
The S-1 document filed by WeWork ahead of its IPO details at least two major cases of the type of...
Rebekah Paltrow Neumann cofounded WeWork in 2010 alongside her husband, Adam Neumann, and Miguel McKelvey.
Investor pushback has led WeWork to strip back her influence over the company, including removing her from succession planning in the event of the death of her husband, CEO Adam Neumann, and banning her and members of the Neumann family from serving on the board, a document filed with the Securities and Exchange Commission September 13 shows.
Paltrow Neumann is the CEO of WeGrow, a private...