WeWork IPO reveals company loaned millions to CEO Adam Neumann and other company execs
Wednesday, 14 August 2019 () · WeWork loaned $7 million to CEO Adam Neumann in 2016, the company revealed in its initial public offering paperwork.
· Neumann paid back the loan in full in November 2017.
· The revelation comes after a report from The Wall Street Journal revealed that Neumann had purchased buildings and leased them to WeWork — raising...
The S-1 filing reports that the We Company grew revenues to more than $1.8 billion in 2018. But it also detailed growing net losses, which were under half a billion in 2016, and grew to $1.9 billion by..