The Real Deal National

WeWork’s IPO filing reveals a 100% male board

3 of the 7 members were appointed by the company’s investors
August 15, 2019 09:29AM

The We Company CEO Adam Neumann and CCO Miguel McKelvey (Credit: Getty Images)

The We Company CEO Adam Neumann and CCO Miguel McKelvey (Credit: Getty Images)

The We Company’s IPO filing, which promoted a “culture of inclusivity,” revealed the company has a fully male board.

The WeWork parent company filed S-1 papers Wednesday with the U.S. Securities and Exchange Commission for its imminent IPO, expected to take place as early as next month.

Of its seven board members, three were appointed at the behest of investors, Benchmark, Hony Capital and SoftBank, according to Boss Betty, a female-focused business news site.

Elsewhere in the co-working company — whose current valuation is $47 billion — the We Company has two women of six in high-ranking leadership roles. CEO Adam Neuman’s wife, Rebekah Neumann, is the company’s co-founder and chief brand and impact officer, according to the filing. Jennifer Berrent is co-president and chief legal officer.

The tech world is no stranger to gender issues. When Google and Facebook filed to go public in 2004 and 2012, respectively, both companies reported zero women on their boards. Now, both companies have women on the board today, though the numbers remain small. [Boss Betty] — Sylvia Varnham O’Regan