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

September 24, 2019 by  
Filed under News

The price of WeWork’s 7.875% junk bond <96208LAA9=> 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.

Source: Reuters Business News

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