WeWork CEO Adam Neumann controls a majority of the voting rights through the company's class B and C shares.
"As the company grew, our board of directors desired to provide a significant incentive to Adam to conduct an initial public offering, based on the premise that the company's value would be maximized as a public entity rather than remaining privately held,' the company's S-1 filing states. "By connecting these awards to service to the company and long-term value creation, our board believes we have set the foundation for long-term incentive alignment between Adam and our stockholders," the company said.
Neumann must also fulfill certain charity contribution requirements in order to maintain voting control of the company.
I'm pretty sure that guy is the lead singer of a local Styx cover band.
I think this is going to end bad!
Damn! I'd work for free for that man. CUTE!!!
The face of the top of the stock market...
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