WeWork’s ‘Mr Fixit’ CEO May Be Drawn from A Telecom Company

November 12, 2019 | News, People on the Move
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Fixer-upper WeWork’s new CEO could be T-Mobile Head, John Legere.

That’s from a report in the Wall Street Journal that says WeWork is in talks with T-Mobile CEO John Legere to appoint him as CEO.

WeWork is the troubled office-sharing start-up recently forced to shelve its IPO and shunt out flamboyant CEO Adam Neumann.

Executives Artie Minson and Sebastian Gunningham currently run the company.

SoftBank pumped in about $10 billion to help WeWork’s finances and now has control of the company. It appointed Marcelo Claure as chairman of WeWork with the responsibility to engineer a turnaround. Claure is Chairman of Sprint and is pushing through a merger with T-Mobile.

John Legere is as flashy as WeWork’s former CEO Adam Neumann

Legere is currently CEO of T-Mobile and known for his unorthodox style of management. Foul language, calling rivals by movie-comic names and dressing in magenta – all are par for his course. ‘Trash-talking,’ ‘brazen,’ ‘brash,’ ‘Batman-obsessed’ are common media descriptions for Legere.

All that can’t take away from his career achievements. A telecom veteran who worked previously with AT&T, he turned around Global Crossing, a fiber-optic network provider. At T-Mobile, he radically improved the wireless carrier’s US ranking from #4 to a stable #3.

T-Mobile paid Legere $66.5 million last year. The carrier’s share price is up a solid 240% since he assumed office in September 2012.

Not certain that the appointment will materialize

There is no guarantee that Legere will take up the mantle at WeWork. The company is also talking to other potential candidates.

But he brings with him a legacy of trouble-shooting, a proven record at T-Mobile, and the all-important connection with SoftBank through the proposed Sprint/T-Mobile merger.

Maybe WeWork will float its IPO after all.

[Related Story: WeWork CEO Adam Neumann Steps Down; Company May Cut 5,000 Jobs  ]

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