Adam Neumann told WeWork employees he was “humbled” by the aborted initial public offering of his lossmaking property group, admitting he needed to learn lessons about running a public company.
In a webcast yesterday, hours after WeWork shelved its listing, the chief executive offered contrition over the handling of the IPO process, according to people who saw the presentation.
The co-founder said that he believed he knew how to run a private company but that he had since received feedback on the role he needed to play as a leader of a soon-to-be public group.
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