Business Standard

WeWork set to undergo a seismic shift with Neumann family's ouster

WeWork long had the image of a family business: a husband-and-wife pair at the helm and company slogans about how life is "better together."



Ellen Huet and Gillian Tan | Bloomberg
Adam Neumann spent some of his final days as WeWork’s chief executive officer the same way he had for countless weekends in recent years: surrounded by family at his house in the Hamptons. With the company’s plan to go public smoldering, his control over the business dwindling and its biggest investor starting to turn against him, Neumann gathered his wife and business partner, Rebekah, and their five kids, piled into a car and drove east to the tony beach community.

As the Neumanns unplugged at sundown last Friday to observe the weekly Jewish ritual of Shabbat, SoftBank Group Corp’s Masayoshi Son

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 28 2019 | 8:24 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to