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Former Twitter CEO calls out WeWork CEO Adam Neumann amid the company's IPO fiasco: ‘This is not the way everybody behaves’
  • Former Twitter CEO Dick Costolo called out WeWork CEO Adam Neumann in a profile of Neumann published Wednesday in the Wall Street Journal.
  • "The degree of self-dealing," Costolo said Neumann, "is so egregious, and it comes at a time when you've got regulators and politicians and folks across the country looking out at Silicon Valley and wondering if there's the appropriate level of self-awareness."
  • The S-1 document filed by WeWork ahead of its IPO details at least two major cases of the type of self-dealing described by Costolo: Several properties owned by Neumann are leased by WeWork, and Neumann sold the rights to the word "We" to the company for around $6 million.
  • Following negative public response, Neumann and WeWork walked back the naming rights arrangement, and Neumann returned the money. Neumann has also committed to giving his profits from these particular real-estate deals back to the company. 
  • Visit Business Insider's homepage for more stories.

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