that its IPO had to be withdrawn, Neumann is being offered a staggering $185 million consulting fee despite the fact that SoftBank seems to concede Neumann ruined the Company," the lawsuit alleges.
"It is beyond comprehension why Neumann would be paid $185 million to provide strategic guidance to the Company when his 'guidance' resulted in the virtual destruction of the company," the lawsuit claims."The fee simply represents self-dealing and improper personal payment to Neumann," it alleges.SoftBank and the law firm representing Natalie Sojka didn't immediately respond to requests for comment.
. She received stock and stock options during her time there, and when she voluntarily resigned she exercised the options to buy more stock after being told she would lose them otherwise, according to the lawsuit. Neumann's reported leaving package is"substantially unfair" and would cause"significant damage" to minority shareholders as the value of their stock and stock options has been"eviscerated due to Neumann's wrongdoing," the lawsuit claims.
Sojka is seeking an injunction to prevent Neumann's departure deal from going through, and proposed a class-action lawsuit on behalf of her and other minority shareholders.
I hope the employees get just compensation for his obscene greed.
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