adam and rebekah neumann

The We Company’s CEO Adam Neumann must donate at least $1 billion to charity in the next decade or his control over the shared-workspace group will be almost halved.
Adam and Rebekah Neumann — the company’s chief brand and impact officer and his wife — must hit the giving target or their “high-vote” shares will halve in power from 20 voting rights to 10.
Adam holds the vast majority of voting rights due to the company’s share structure, but he won’t want to see his influence shrink.
about The We Company on Markets Insider.

The We Company’s CEO Adam Neumann must donate at least $1 billion to charity in the next decade or his control over the shared-workspace group will be almost halved.

The pledge by Adam and Rebekah Neumann — the company’s chief brand and impact officer and his wife — is detailed in the group’s IPO filing. The pair must give $1 billion in cash and equity to charitable causes in the next 10 years or their “high-vote” shares — which carry 20 voting rights each compared to the one vote per normal share — will halve in power to 10 votes apiece.

“Rebekah and Adam are dedicating additional resources to amplify …read more


Source:: Businessinsider – Finance

      

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