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Ousted WeWork CEO says $47 billion valuation went to his head before botched IPO
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cnbc.comIn this article
Ousted WeWork CEO Adam Neumann said Tuesday that the company's private, $47 billion valuation went to his head, in the first interview since departing the company in 2019 amid its botched IPO.
«So yes the valuation made us feel like we were right, which made me feel that whatever style I was leading at was a correct style at the time, so I do think it affected it,» he told CNBC's Andrew Ross Sorkin at The New York Times DealBook online summit. «I also think the chase… maybe it went to my head. I do think at some point it did.»
The interview comes less than a month after the company went public through a SPAC merger with a $9 billion valuation.
Neumann confirmed reports that JPMorgan Chase CEO Jamie Dimon, the bank tapped
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