WeWork curbs CEO's voting power in bid to boost IPO prospects
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(Reuters) - WeWork owner The We Company said on Friday it has curbed the voting power of founder and CEO Adam Neumann, as part of changes to its corporate governance aimed at boosting demand for its planned initial public offering. The loss-making company said it was making the changes "in response to market feedback."Neumann's superior voting shares will decrease to 10 votes per share from 20, it said in a regulatory filing.He will also give the company any profits he receives from real estate..