Adam Neumann told staff earlier this year his family had 100% control of WeWork and even in 300 years, his descendants would be in control as 'the moral compass of the company'
Jackal Pan/Getty Images; Jacqueline Larma/AP Images; Samantha Lee/Business Insider
- Adam Neumann told staff he planned to have his family control WeWork indefinitely at the company's all-staff meeting in January, according to a video leaked to Business Insider.
- The now-ousted founder said at the company's January all-hands meeting that he and his family control the company "100%." He contrasted his situation with Google and Facebook, where he said founders have lost control.
- He said his five young children would "stay the moral compass of the company" and that even in 300 years, his descendants could control WeWork, even if they weren't CEO.
- For more WeWork stories, click here.
Real estate is often a family business, and for Adam Neumann, founding WeWork was no exception.
He hired family members and friends with little experience and brought his rabbi in to lead executive meetings and help do deals, Business Insider found in multiple investigations.See the rest of the story at Business Insider
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