Larger Than Life Ex-CEO Refuses To Be Burdened By "Paddling Out"

Larger Than Life Ex-CEO Refuses To Be Burdened By “Paddling Out”

Using a jet ski to navigate the mammoth walls of Montauk.

Words by stab

Adam Neumann is not your typical billionaire surfer.

His co-founded start-up WeWork caught fire in 2010 and recklessly burned through healthy investments until 2019. WeWork is a shared workspace company that developed a brilliant concept but struggled to thrive because of its poor management.

According to The Cult of We: WeWork, Adam Neumann, and the Great Startup Delusion, a book written by Eliot Brown and Maureen Farrell about the absurdities of the company and its co-founder, Neumann’s loose lifestyle of trashing private jets, excessive drug use, and physically abandoning employees counteracted the business’s chance for success. 

And don’t forget his most heinous social crime of all, which was the complete neglect for proper surf etiquette .  According to the NY Post:

For example, he became obsessed with surfing, but found it a hassle to get to the big waves. “The way I surf, I don’t have time for paddling,” he told a colleague. Instead, he would hop on a chauffeured Jet Ski. As the book puts it, “Most surfers consider [this] cheating—like a mountain climber hopping a ride on a helicopter most of the way up.”

Some surf spots in Hawaii even forbid the practice, but Adam would hire local surf coaches who knew how to skirt regulations.

After raging all night and sleeping through a multi-billion-dollar company valuation, Neumann willingly left the company with $192 million in cash, as well as a revised stock award of around $245 million and permission to sell more than $500 million in WeWork stock. Unfortunately, his once $10 billion net worth plummeted to $1 billion (insert sad face emoji).

According to the authors, not all was lost for our hotshot surfer pal, the one that at one point invested $13 million into Wavegarden technologies:

As Adam spends his days surfing in Montauk, the authors write, “His squad was mostly gone, but he wasn’t completely alone. He was still paying someone to tug him out to the waves on the back of a Jet Ski.”

Click here for the full story.


Comments are a Stab Premium feature. Gotta join to talk shop.

Already a member? Sign In

Want to join? Sign Up


Most Recent

E.A.S.T. Musician Hobo Dave’s Inspiring Journey Through Brain Injuries, Mental Illness, And Surfing

His film ‘Suburban Wilderness’ is a feel-good, core lord hit.

Jul 30, 2021

Episode 2: Vans Stab High, Central America, Presented By Monster Energy

Bring an ice pack, the space cadets have been wounded.

Jul 30, 2021

Does Anyone Else Notice This Ladybird’s Resemblance To Dane Reynolds?

Caity Simmers surfs with a familiar tenacity.

Jul 29, 2021

How Did A Billabong Logo End Up On Italo Ferreira’s Olympics-Winning Surfboard?

Clever marketing team finds legal loophole.

Jul 29, 2021

Son Of Metallica Bassist Scores 11 Year Old’s Straight Air Waco Edit

Ryji Masuda rocks and rolls in Waco.

Jul 29, 2021

Ben Howard Knifes South Coast Nuggets In ‘153624’

Ben Howard chooses the double black diamond approach to tube riding.

Jul 29, 2021

What Did We Learn From The Olympics?

The biggest takeaways from a writer who watched every single heat.

Jul 28, 2021

Covert Jr. Editor Virtually Slips Through The Heavily Guarded Gates Of Olympic Surfing

Better watch now, this won't stay up for very long.

Jul 28, 2021

Neal Purchase Jnr Shapes The Feeling He’s Searching For

Great artists hide themselves in their work.

Jul 28, 2021

You Could Fit Your Neighbor’s Sprinter Van Inside Of These Puerto Escondido Tunnels

Mexican Pipeline continues to churn out the goods.

Jul 27, 2021

Where Are We At With Sustainable Surfboards?

Hello, elephant in the room! Let's hear from some industry innovators.

Jul 27, 2021

Italo Ferreira and Carissa Moore Are Surfing’s First-Ever Olympic Gold Medalists

Here's how they won.

Jul 27, 2021

Everything You Never Knew About Italo Ferreira

A window into the gold medalist's meteoric rise.

Jul 27, 2021

John Florence Listed As Questionable For The Remainder Of The CT Season

“I’ll most likely make the decision in the next two days or so.”

Jul 26, 2021

The Flamboyantly-Dressed Man Who Got Surfing Into The Olympics Details His Experience

ISA President Fernando Aguerre opens up to Stab the day before the gold medal match.

Jul 26, 2021

Steph Falls Off Her Horse, Andino Triumphs Over John, Gabs Potentially Spells End To Jules’ Career Outside Contest Area

Big-ish waves, sharp surfing and no shortage of drama on day 2 of the Olympic…

Jul 26, 2021

Do You Talk In The Lineup?

The Misc: Half-spoken rules

Jul 26, 2021

Shizunami’s Provocative Chlorine Ramp Continues To Tempt Us

The Volcom Japan team dips its toes in the world’s most desirable wave pool.

Jul 26, 2021