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September 16, 2019

WeWork to list shares on Nasdaq, reduce CEO's voting power

By ALEXANDRA OLSON and STAN CHOE
AP Business Writers

NEW YORK — WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq.

The office-sharing company is pressing on with its highly anticipated stock market debut — expected later this month — despite doubts about its ability to make money and decisions that have raised commitment and conflict of interest concerns about CEO Adam Neumann.


 
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