WeWork taps oil exec as new CFO
WeWork has named Kimberly Ross as its new chief financial officer, the company announced on Monday. Ross, most recently vice president and CFO at Baker Hughes, will start at WeWork on March 16. She previously held…
Negative leaks and a ‘honey trap’: SoftBank exec reportedly schemed to topple rivals
SoftBank executive Rajeev Misra identified two high-ranking colleagues as obstacles in his pursuit of power to lead the company’s $100 billion tech fund after he joined the company in 2015. And so, the former Wall Street…
WeWork co-CEOs will land $17M if they leave
It may not be $1.7 billion, but it’s still a pretty penny. WeWork’s co-CEOs Artie Minson and Sebastian Cunningham will get about $17 million in exit packages if they are fired or leave WeWork, according to…
SoftBank’s Masa Son: I ignored WeWork’s problems, made bad investments in US tech firms, and I’m really sorry.
SoftBank Group CEO Masayoshi Son admits he made massive mistakes in his handling of the Japanese company’s multi-billion dollar investments into U.S. tech companies, WeWork in particular. “My own investment judgement was really bad,” he said…
SoftBank to take control of WeWork at less than $8B valuation
WeWork has reached an agreement to be taken over by SoftBank Group, in a deal that will value the embattled office-space company between $7.7 billion and $8 billion, people familiar with the matter told The Real…