Adam Neumann could reap $2B from WeWork golden parachute

Adam Neumann’s golden parachute could be the gift that keeps on giving. According to the Financial Times, the WeWork co-founder owns millions of “profit interests” in the co-working firm, which means that if WeWork goes public, Neumann’s $1.7 billion package could grow in value to more than $2 billion. In the event of an IPO, Neumann’s interests would would convert into stock with a value equivalent to the current share price, less a fixed “catch-up

source https://therealdeal.com/2019/12/24/adam-neumann-could-reap-2b-from-wework-golden-parachute/