The history books will show 2019 was the year investors began to re-evaluate inflated valuations, employees stood up to toxic work environments and Facebook CEO Mark Zuckerberg still refused to clean up misinformation on the social network.
Here’s a look at some of the business leaders who landed in the headlines for all the wrong reasons.
Adam Neumann exits after WeWork’s failed IPO
No one arguably had a bigger downfall this year than WeWork co-founder and former CEO Adam Neumann. The company went from preparing for a $49 billion IPO to considering bankruptcy in a matter of weeks. In October, WeWork got a $9 billion bailout from its chief investor, SoftBank, who also appointed a new CEO. Neumann, who reportedly once said he wanted to be the world’s first trillionaire, made his exit with a golden parachute said to be worth around $1.7 billion.