Adam Neumann Wants WeWork Back. Does WeWork Want Adam Neumann?
Stranger things have happened.
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Stranger things have happened.
NEW YORK CITY: Adam Neumann, the co-founder of office space provider WeWork, is seeking to buy the company out from bankruptcy, five years after being ousted as chief executive officer.
WeWork may need a new bankruptcy loan due to slow progress on rent negotiations, according to an attorney for the company. The company's post-bankruptcy plan relies on reduced rent costs, but landlords have criticized their tactics.
Several of WeWork's landlords decried the company's "hardball tactics", saying that U.S. bankruptcy law requires companies to keep up with rent for properties that they continue to use.
Wework Bankruptcy: Several of WeWork's landlords decried the company's "hardball tactics", saying that U.S. bankruptcy law requires companies to keep up with rent for properties that they continue to use.