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Headline: "WeWork's Adam Neumann will reportedly get a $1.7 billion deal to step down from board." First paragraph: "Former WeWork CEO Adam Neumann will get ab
by nathanaldensr 7y ago
Headline: "WeWork's Adam Neumann will reportedly get a $1.7 billion deal to step down from board."
First paragraph: "Former WeWork CEO Adam Neumann will get about $1.7 million in stock, cash and credit to walk away from the company and give up his voting rights."
Which is it: billion or million?
- sorenn111 7y agoI noticed that too, kept reading, pretty sure its billion
- kevinmchugh 7y agoThe "key point" seems to be in error. The body of the article makes billion the only reasonable option
- btt2h 7y ago$1.7 Billion [0]. $1 Billion in cash for his shares, $185 Million consulting "fee", $500 Million line of credit (which is what Mr. Neumann had from JPMorgan). [0] https://www.wsj.com/articles/softbank-to-take-control-of-wework-11571746483 https://www.wsj.com/articles/softbank-to-take-control-of-wew...
- mfer 7y ago> SoftBank will pay Neumann $1 billion for his shares, a $185 million consulting fee and will offer him $500 million in credit to help repay his loans to JPMorgan, according to the report. This is from the article and provides the breakdown. It does look like there are discrepancies in the article, though. Guess this is what happens when you rush to publish or don't have good editing.