WeWork’s co-founder and former chief executive exited four years ago as a billionaire. As WeWork slogs through bankruptcy, there’s a further twist in the tale, The Wall Street Journal’s Eliot Brown reports.
SoftBank has hundreds of millions of dollars in outstanding loans to Adam Neumann that are backed by his shares in WeWork—stock that has crashed in value.
Executives at the Japanese company worry Neumann may elect to simply walk away with the money he was lent and hand over the shares, people familiar with the situation said.
Source: finance.yahoo.com
Related posts:
Roth IRA Conversion Rules
Rivian, Robinhood, Bumble: How some of 2021's biggest IPOs are faring
‘The worst bear market in my lifetime’: Here’s why Jim Rogers thinks stocks will decline for a long ...
Car dealer who will be US Senator says he and Trump want to overhaul car industry
Coca-Cola Is a Rock-Solid Dow Dividend Stock, but So Is This Dividend King That Paid $9 Billion in D...