WeWork junk bond price falls after sources say CEO Neumann to step down

WeWork junk bond price falls after sources say CEO Neumann to step down

5 years ago
Anonymous $MUlyiGRWxa

https://www.reuters.com/article/us-wework-neumann-debt/wework-junk-bond-price-falls-after-sources-say-ceo-neumann-to-step-down-idUSKBN1W92GH

The price of WeWork's 7.875% junk bond fell after people familiar with the matter told Reuters on Tuesday that co-founder Adam Neumann agreed to resign as chief executive of the U.S. office-sharing company, though he will remain as non-executive chairman.