WeWork in talks to hire T-Mobile's John Legere as CEO: WSJ

This post was originally published on this site


(Reuters) – WeWork is in talks with T-Mobile US Inc (O:) Chief Executive Officer John Legere to take over as the head of the office-sharing start-up, the Wall Street Journal reported https://www.wsj.com/articles/wework-in-talks-to-hire-t-mobile-ceo-john-legere-11573494028?mod=rsswn&page=1&pos=2 on Monday, citing people familiar with the matter.

The talks come weeks after SoftBank Group (T:) spent more than $10 billion to take over WeWork, including a $1.7 billion payoff to its co-founder Adam Neumann to relinquish control.

WeWork did not immediately respond to Reuters request for comment.

SoftBank Chief Operating Officer Marcelo Claure became the executive chairman of WeWork parent The We Company, following the bailout by the Japanese firm.

Artie Minson, chief financial officer, and Sebastian Gunningham, vice chairman, currently serve as the co-chief executives of The We Company.

SoftBank owns 80% of the troubled office-sharing startup, but has not consolidated the company on its books because it will not hold a majority of voting rights.

SoftBank has four board seats on the company’s expanded 10-member board. The startup is looking for a new leader who could join as soon as January, the WSJ report said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.