SoftBank's massive WeWork bailout hands ousted founder $1.7 billion golden parachute cnn.com

Hong Kong (CNN Business) SoftBank is bailing out WeWork in a deal that will give the Japanese tech company almost total ownership of the troubled office space startup.
It will also give disgraced founder Adam Neumann a chance to walk away with a massive $1.7 billion payout.
SoftBank SFTBF will pump $5 billion into The We Company and accelerate a $1.5 billion equity investment originally due to the company next year, according to a statement released by the two firms.
SoftBank's Vision Fund will also exchange all of its interests in regional WeWork joint ventures across Asia, excluding the Japan joint venture, for shares in WeWork.
At the lower valuation,would have put more money into WeWork to date than the company is worth.