WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own Companies

Australia News News

WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own Companies
Australia Latest News,Australia Headlines
  • 📰 Forbes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

These ultra-wealthy entrepreneurs learned a lesson the hard way: Just because you start a company—and grow 10-figures rich from it—doesn't mean it won't eventually get rid of you

. Parker’s first exiling came at Napster, shortly before the lawsuit brought by the music industry shuttered it in 2001. Then from Plaxo, the online address book startup he helped found, in 2004. One Plaxo cofounder remembers Parker’s: “It was the sort of thing where he doesn’t come to work, but then maybe if he does it’s at 11 p.m., but it’s not to do a bunch of work, it’s because he’s bringing a bunch of girls back to the office because he can show them he’s a startup founder.

And the most infamous, Facebook. In a little more than 12 months, he discovered Facebook, befriended Mark Zuckerberg, helped secure its initial funding, became its first president and then—poof!—resigned from the startup after North Carolina cops found cocaine in a beach house rented under his name. He moved to New York, where he found solace by crashing with Grateful Dead“When someone asks you to take an extended vacation, that’s basically a pre­lude to firing you.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Forbes /  🏆 394. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own CompaniesWeWork’s Adam Neumann Joins Exclusive Club: Billionaire Founders Ousted By Their Own CompaniesFrom Steve Jobs to Sean Parker, these ultra-wealthy entrepreneurs learned a lesson the hard way: Just because you start a company—and grow ten-figures rich from it—doesn't mean it won't eventually get rid of you.
Read more »

Adam Neumann Is Officially Out as WeWork’s CEOAdam Neumann Is Officially Out as WeWork’s CEOThe CEO’s fall from grace comes after WeWork’s planned IPO crashed and burned—and resulted in a slew of damaging revelations about Neumann’s leadership.
Read more »

WeWork CEO Adam Neumann steps downWeWork CEO Adam Neumann steps downThe executive has been under pressure since WeWork released its pre-IPO S-1 filing amid concerns about its corporate governance and valuation.
Read more »

Embattled WeWork Founder Adam Neumann Steps Down as CEOEmbattled WeWork Founder Adam Neumann Steps Down as CEOThe controversial cofounder is stepping down amid increasing pressure.
Read more »

WeWork CEO Adam Neumann to step down amid controversy and retain chair roleWeWork CEO Adam Neumann to step down amid controversy and retain chair roleThe executive has been under pressure since WeWork released its S-1, amid concerns about its corporate governance and valuation.
Read more »



Render Time: 2025-03-22 11:29:51