WeWork owner, The We Company, said on Wednesday it will add a woman, Frances Frei, to its board of directors and unwound a US$5.9 million (4.8 ...
NEW YORK: WeWork owner The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board and announcing that its CEO would return a US$5.9 million payment for use of the trademarked word"We."
"These are positive steps," said David Erickson, a senior fellow and finance lecturer at the University of Pennsylvania's Wharton School. Frei, a professor of technology and operations management at Harvard Business School, will join WeWork's board once it completes the IPO, planned for later this month.The We Company had originally planned to go public with an all-male seven-member board, a practice major investors such as BlackRock Inc frown upon https://de.reuters.
The deal to pay Neumann for use of the"We" trademark came after the decision to rebrand WeWork as the We Company earlier this year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WeWork adds woman to its board ahead of IPO after backlashWeWork owner The We Company said on Wednesday it will add a woman to its board of directors and unwound a US$5.9 million payment to its chief ...
Read more »
WeWork adds woman to its board after backlash ahead of IPOWeWork owner The We Company said on Wednesday it will add a woman to its board of directors and unwound a US$5.9 million payment to its chief ...
Read more »
WeWork adds woman to its board ahead of IPO after backlashWeWork owner The We Company said on Wednesday it will add a woman to its board of directors and unwound a US$5.9 million payment to its chief ...
Read more »
WeWork adds woman to its board after backlash ahead of IPOWeWork owner The We Company said on Wednesday it will add a woman to its board of directors and unwound a US$5.9 million payment to its chief ...
Read more »
US presidential candidate Booker proposes US$3 trillion climate change planU.S. presidential hopeful Cory Booker unveiled a US$3 trillion plan to address climate change on Tuesday, vowing to reach a 100per cent clean ...
Read more »
Kimly's sponsor says ex-Pokka CEO not mastermind of IPO; CAD probe ongoingPRIMEPARTNERS Corporate Finance, as sponsor of Singapore-listed coffee shop operator Kimly, has said that the firm’s executive director Vincent Chia, was the key person driving the company’s initial public offering (IPO) - instead of Pokka's former chief executive Alain Ong, who is being sued by the beverage giant alleging he was part of a conspiracy that had caused the drinks maker to suffer at least S$10 million in losses. Read more at The Business Times.
Read more »