WeWork's embattled CEO is stepping down

WeWork's co-founder Adam Neumann is stepping down as CEO after pressure from the company's board and investors.

The ouster, announced Tuesday, comes after reports of bro-y misbehavior and serious financial concerns. 

Earlier this month, a Wall Street Journal story described some of Neumann's escapades, which, to put it lightly, reflected poorly on his ability to lead a company. For instance, at a 2016 meeting, Neumann addressed the decision to fire 7 percent of the company's staff — and then brought out tequila shots and Darryl McDaniels of Run-DMC to perform. 

There are other stories, too, like the time Neumann and his friends left a chunk of marijuana in a cereal box on an airplane. Or when he banned meat from the company without consulting anybody first.  Read more...