Adam Neumann’s fall shows how going public can crush a startup CEO (Article)
“WeWork founder Adam Neumann’s loss of control of the company shows what happens when a leader lacks self-awareness and few around him are willing to speak the truth,” writes Harry in his latest piece for Business Insider. “Instead of leading his company into one of the most anticipated initial public offerings (IPO) of the year, Neumann has been demoted to non-executive chairman and lost control. Neumann may have thought his success in launching WeWork, as evidenced by an astronomical pre-IPO valuation of $47 billion in January, exempted him from the rules that apply to everyone else. The 40-year-old executive may have believed it was really all about him — ironic, for a company called ‘We.'”
Read the full article here.