Why Adam Neumann is getting $1.7B to leave WeWork?

A third of WeWork is getting let go regardless, and SoftBank has already lost that $15B.

On the other hand, if Neumann refused to hand over the company and it goes bankrupt, his shares would have no value, he would likely have to sell his assets to cover the personal loans he has due, and the properties he owns that he's renting to wework would also collapse in value with their tenant breaking the contract. It would likely completely wipe him out.

So the question is again: Why has Softbank paid $1.7Bn to someone who is desparate to sell.

I believe he's giving up control as part of this. They had to pay him to get control.

Are you insane?

I’d take the 1.7B and fly off to an island never to be heard from again.

Caring what people think is overrated.

Yes, I'll take 1.7 billion for that.