REUTERS: WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday.
Revising Neumann's supervoting rights, which give him 20 times the voting power of ordinary shareholders, was among the changes being discussed, the source said.We Company, whose losses are widening with no stated path to profitability, has awarded Neumann unusual privileges that go beyond what most stock market investors are accustomed to.
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