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Daily Compliance News

Daily Compliance News: February 7, 2024 – The Return of Adam Neumann Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • When will FinCEN implement its whistleblower program?  (WSJ)
  • Who is corrupt in Qatargate? (Euronews)
  • Adam Neumann wants to buy back WeWork. What could go wrong? (Bloomberg)
  • Bridging the digital divide to bring equality. (BBC)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

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12 O’Clock High-a podcast on business leadership

Business Leadership Failures from 2019-WeWork


This week I have a special five-part podcast series where I am joined by Amii Barnard-Bahn to review some of the top business leadership failures of 2019.  Today, in our first episode, we take a look at leadership lessons from the rise and fall of Adam Neumann, the former CEO of WeWork. Some of the issues we explore in this podcast include:

  • How did a charismatic, eccentric and inexperienced Founder CEO went boom ($47B valuation) to bust, all in the space of a few short months?
  • How and why did Neumann create a toxic culture with major conflicts of interest and poor corporate governance.
  • Neumann was forced out, the company’s IPO postponed and its future remains to be seen.
  • Have investors have finally had it with startups that aren’t following basic rules of monetary gravity? Have we turned a corner?

About Amii 
Amii Barnard-Bahn, JD, PCC, CCEP, CCEP-I  is an executive coach who specializes in accelerating the success of legal and compliance executives and their teams. A leadership columnist for Compliance Week and Fellow at the Harvard Institute of Coaching, Amii previously shaped company culture and strategic initiatives as an executive (CAO, Chief Compliance Officer, and Chief Human Resources Officer) at companies such as McKesson and Allianz. Forbes has recognized Amii as “one of the top coaches for legal and compliance executives.”
Contact Amii
Executive Coach and Strategic Advisor
Barnard-Bahn Coaching & Consulting
Office: (510) 301-0400 | Email: amii@barnardbahn.com |website: www.barnardbahn.com
Resources
For helpful insights and actionable tips on accelerating your career, sign up for Amii’s bi-monthly newsletter at bit.ly/amiibbnews

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12 O’Clock High-a podcast on business leadership

The Rise and Fall of Adam Neumann

Richard Lummis and I are back and today for our initial podcast of 2020 and the second decade of the 21stCentury. Today, we take a look at leadership lessons from the rise and fall of Adam Neumann, the former CEO of WeWork.

Highlights of this podcast include:

  1. How did Neumann obtain the amplified shareholder rights and how did that contribute to his downfall?
  2. What was the role of Softbank in enabling Neumann?
  3. What is the role of a visionary after the vision is gone?
  4. How was Neumann enabled by the conflicts of interest?
  5. Where were the professional managers for WeWork?
  6. Why was the abortive IPO pulled and what does it demonstrate about leadership in a company seeking to go public?

Resources
Curse of the Cult of the Founder
The Rise and Fall of Adam Neumann
Adam Neumann’s Over the Top Style