Ousted WeWork co-founder Adam Neumann is reportedly nearing a settlement in his dispute with SoftBank. If it happens, he'll get $500 million less than previously planned.

Feb 23, 2021 - Business Insider
Board and Executive Moves

WeWork co-founder and former CEO Adam Neumann is nearing a settlement in a legal battle with SoftBank, WeWork's owner, that could include a nearly $500 million cut in his previously planned payout.

The deal would put an end to a bitter legal battle between Neumann and SoftBank, which saved WeWork from bankruptcy in 2019 when the office group's IPO plans crumbled.

People familiar with the discussions told the Wall Street Journal Monday that SoftBank wou...