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Tuesday, September 24, 2019

WeWork CEO stepping down

Update: NYT sources echo the news that Neumann will step down, adding that current execs Sebastian Gunningham and Artie Minson will serve as interim co-CEOs until a permanent replacement is found.
Original: Dow Jones sources say WeWork (WE) CEO Adam Neumann is expected to step down from the role.
Neumann would remain chairman of the parent company.
Yesterday, Reuters sources reported that Neumann was talking with the board about a role change to prevent a board challenge.

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