WeWork curbs CEO's voting power in bid to boost IPO prospects

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WeWork curbs CEO's voting power in bid to boost IPO prospects
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WeWork owner The We Company said on Friday it has curbed the voting power of fou...

- WeWork owner The We Company said on Friday it has curbed the voting power of founder and CEO Adam Neumann, as part of changes to its corporate governance aimed at boosting demand for its planned initial public offering.

He will also give the company any profits he receives from real estate deals he has entered into with We Company. That scraps a plan for his wife and co-founder Rebekah Neumann, who is chief brand and impact officer, to help pick the successor.

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