1. Tech and Finance Experts are Shocked by SoftBank’s 'stone cold crazy' $1.7 Billion Golden Parachute for Ousted WeWork CEO Adam Neumann

    Tech and Finance Experts are Shocked by SoftBank’s 'stone cold crazy' $1.7 Billion Golden Parachute for Ousted WeWork CEO Adam Neumann
    • The news that SoftBank will give Adam Neumann close to $1.7 billion as part of a package to leave WeWork's board and give up his voting power sent reverberations through the world of tech and finance Tuesday morning.
    • Experts largely agree that SoftBank made the right move by separating Neumann from WeWork, but many bowled over by the astronomical value of Neumann's golden parachute...
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    1. Softbank needed to do this to optimize their chances of recouping their initial investment on top of their new additional investment.
    2. I think anything over a dollar was more than they needed to pay. What it proves is Neumann's mastery at sophisticated negotiation when in reality he had very little cards. What occurred was shameful, for him to have gotten anything.
    3. WeWork and SoftBank and perhaps even JP Morgan are in some level of a reputational crisis right now.
    4. The existing group of stockholders is employees and sophisticated investors.
    5. If anyone has reason for feeling aggrieved, it is the public shareholders of SoftBank, which appears to be throwing good money after bad.
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