JTA — WeWork co-founder Adam Neumann, who stepped down in September as CEO of the US shared office space company, is making a personal visit to his native Israel.
Neumann will not be visiting WeWork’s offices there, the Calcalist business website reported Sunday, citing an unnamed source “familiar with the matter.”
He grew up on a kibbutz. His mother, Avivit Neumann, an oncologist at Rambam Hospital in Haifa, told the Israeli radio channel 103FM in October that her son had become religious through the Chabad-Lubavitch movement.
Neumann, 40, was forced out as chief executive, but has remained chairman of the WeWork parent firm, We Co. Under the bailout, he remains an observer and holds a minority stake, The Wall Street Journal reported.
The deal gave SoftBank 80 percent ownership of the company, which at the beginning of the year was valued at $47 billion and heading for an initial public offering. The IPO has been delayed, however, as the company suffered a major devaluation amid investors’ fears over the charismatic but unpredictable Neumann’s control of the firm.
Get The Times of Israel's Daily Edition
by email and never miss our top stories
By signing up, you agree to the
terms
We can't do this work alone.
The war with Iran has been draining for all of us in Israel. But when I heard about a high casualty incident – ballistic missile impacts in Arad and Dimona that left nearly 200 people wounded – I drank a cup of coffee, packed a bag, and headed south.
There, I spoke with Shilgit, the head of an after-school program for underprivileged youth. Standing outside her destroyed center, Shilgit said it was a miracle that no children were hurt and spoke about the community coming together in the hours since.
As a Times of Israel reporter, I’m committed to telling stories of resilience like Shilgit’s. But my colleagues and I can't do this alone. If you value work like this, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to keep real human reporting like this going.
— Stav Levaton, military reporter
Yes, I'll join
Yes, I'll join
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
