Under a new settlement reached between SoftBank Group and WeWork, controversial ex-CEO Adam Neumann will reportedly receive a US$50 million windfall. – EPA pic, February 27, 2021. INTERNET investor SoftBank Group said today it reached a settlement with WeWork co-founder Adam Neumann and other investors in the office-sharing giant, amid reports that the deal would give the ex-CEO an extra US$50 million (RM202.5 million).SoftBank Group did not release details of the agreement that puts to rest a bitter dispute emerging from the Japan-based firm’s 2019 decision to bail out WeWork, once regarded as a soaring unicorn but which quickly spiralled into deep troubles as it lost cash and cancelled its eagerly-awaited share offering.
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