Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. SoftBank Group Corp.
  6. News
  7. Summary
    9984   JP3436100006

SOFTBANK GROUP CORP.

(9984)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SoftBank : Neumann's WeWork exit package increases with $245m in potential stock

05/28/2021 | 03:41am EDT

Former WeWork boss Adam Neumann is set to emerge from his separation with the company with an extra stock award worth $245m.

Neumann has also received almost $200m in cash after renegotiating the terms of his 2019 exit agreement.

The shares come on top of an already generous package for Neumann, who gave up his role in exchange for the ability to sell around $480m in stock to the company’s backer SoftBank.

Read more: WeWork posts £1.45bn loss ahead of stock market debut

The lucrative package, first reported by The Wall Street Journal, comes before WeWork’s highly anticipated stock market debut this year.

The real estate firm had originally attempted to go public in 2019, but the move collapsed over concerns about Neumann’s leadership style.

WeWork has since gone through a shakeup that has seen employees cut by two thirds since 2019 and businesses sold off.

The company posted a £1.45bn first quarter loss last week, while its quarterly revenue almost halved from a year ago to $598m.

Read more: UK business optimism hits five-year high, so why has London slipped?

The post Neumann’s WeWork exit package increases with $245m in potential stock appeared first on CityAM.

© City AM, source Newspaper

All news about SOFTBANK GROUP CORP.
07/30Gopuff Reaches $15 Billion Valuation With $1 Billion From Blackstone, SoftBan..
DJ
07/30SOFTBANK : Q1 performance seen buoyed by China IPOs; crackdown clouds outlook
RE
07/29SOFTBANK : India equity deals set to pick up pace as investors hunt post-pandemi..
RE
07/29MARKET CHATTER : TikTok Owner Denies Using Face-Scanning Tech to Gather Personal..
MT
07/29M&G says $8.7 billion Morrisons bid doesn't reflect company's true value
RE
07/29M&G says $8.7 bln Morrisons bid doesn't reflect company's true value
RE
07/29UBER TECHNOLOGIES : Down 5% in Pre-Bell Thursday Amid Reports SoftBank Selling 4..
MT
07/29Today on Wall Street: GDP growth misses estimates
07/29Morrisons shareholder Schroders still mulling vote on Fortress takeover bid, ..
RE
07/29SOFTBANK : Nomura Adjusts SoftBank Group's Price Target to 10,440 Yen From 10,64..
MT
More news
Financials
Sales 2022 5 951 B 54 250 M 54 250 M
Net income 2022 1 054 B 9 609 M 9 609 M
Net Debt 2022 13 879 B 127 B 127 B
P/E ratio 2022 12,1x
Yield 2022 0,66%
Capitalization 11 712 B 107 B 107 B
EV / Sales 2022 4,30x
EV / Sales 2023 4,15x
Nbr of Employees 58 786
Free-Float 49,4%
Chart SOFTBANK GROUP CORP.
Duration : Period :
SoftBank Group Corp. Technical Analysis Chart | 9984 | JP3436100006 | MarketScreener
Technical analysis trends SOFTBANK GROUP CORP.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Last Close Price 6 837,00 JPY
Average target price 11 266,93 JPY
Spread / Average Target 64,8%
EPS Revisions
Managers and Directors
Masayoshi Son Chairman & Executive President
Yoshimitsu Goto CFO, Director & Senior Managing Executive Officer
Raul Marcelo Claure Chief Operating Officer & Executive Vice President
Tim Mackey Chief Legal Officer & Group Compliance Officer
Masami Iijima Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
SOFTBANK GROUP CORP.-15.15%106 707
AT&T INC.-2.47%200 273
T-MOBILE US6.80%179 572
KDDI CORPORATION8.68%68 520
AMÉRICA MÓVIL, S.A.B. DE C.V.15.11%55 374
VODAFONE GROUP PLC-3.94%44 873