Adam Neumann, the CEO of beleaguered work-sharing start-up WeWork, will walk away from the company with $1.7 billion, enough money to easily pay over four years of salaries for the 4,000 workers expected to be laid off in the company’s restructuring.
That’s according to Sean Porter, a data scientist at analyst firm Decision Data. For the hypothetical, Porter assumed each worker makes an average of $90,000 due to self-reporting and employee demographics.
Assuming the salary at $90,000, Porter found that the company would owe the 4,000 employees roughly $360 million a year—which goes into $1.7 billion 4.7 times.
“The number was quite shocking,” wrote Porter.
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