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

Live In 8 Days: Stab High Japan Presented By Monster Energy

1 Views

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

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

elsewhere // Jul 19, 2021
Words by stab
Reading Time: 2 minutes

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

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

Already a member? Sign In

Want to join? Sign Up

Advertisement

Most Recent

How To Win Stab High Japan, Presented By Monster Energy

A statistical analysis of the 493 airs attempted in previous chlorinated editions.

Jun 16, 2024

Watch: An Intimate Portrait Of The Wave, Village, And People At The End Of The Road

Oxbow’s ‘Children of Teahupo’o’ is playing exclusively on Stab Premium for the next two weeks. 

Jun 15, 2024

Fuck It, Run The Entire CT In Indo

A historic beginning to the Indonesian dry season.

Jun 14, 2024

Ferrari Boyz: Holly Wawn

"I've had 4, 5, maybe 6 cars... I'm a car dealer I reckon."

Jun 13, 2024

A Miscalculated Shallow Dive, Neck-First, Into The Waters Of Japanese Surfing

How is surfing different in the land of cherry blossoms?

Jun 13, 2024

How Has Ian Crane Made 4/5 Stab High Finals?

And who he's most afraid of competing against in Japan.

Jun 13, 2024

“I Haven’t Seen Anyone That Young And That Keen For Heavy Waves In A Decade” —Shane Dorian

Jacob Turner is 16 years old and trying to paddle tow sets at Teahupo'o...on his…

Jun 12, 2024

Long Read: 1,000 Ways To Die In Indonesia

18,000 islands of beautiful people, world-class waves, and danger around every corner.

Jun 11, 2024

Watch: Craig Anderson And Kaito Ohashi Find (Mostly) Empty Waves In Southeast Asia

Oh, and enter to win a grand worth of DB gear.

Jun 11, 2024

Brad Gerlach Rode A 600cc Motorbike Through Europe’s 1980’s Psychedelic Renaissance  

"Fuck London. Let’s just buy motorcycles tomorrow and drive to France, man."

Jun 11, 2024

Caroline Marks Goes Two-In-A-Row And John John Florence Wins First CT Event Since 2020 At The Surf City El Salvador Pro

Plus, we asked Chris Cote for a look into the commentary team's psyche and Griff…

Jun 9, 2024

Why Is Mavericks Core Getting Overrun By Yuppies?

And other questions from our audience — answered by Pete Mel, Mick Fanning, and Joel…

Jun 9, 2024

Everything Worth Remembering From 4 (Mostly) Forgettable Quarterfinals In El Salvador

Plus, what's the consensus on the Griff vs. João kerfluffle?

Jun 8, 2024

Wildcard Big-dogs Italo, Yago Pops The Cork, And Griffin Cops An Ambiguous Interference On Day 2 In El Salvador

"Honestly, that was a bad... uhh I mean, a tough call." - Strider

Jun 8, 2024

Let’s Talk About This Griffin Interference…

"Don't hate the player, hate the game." - Joao Chianca.

Jun 8, 2024

Chippa Wilson Picks The Air Section We’ll Be Using For Stab High Japan Presented By Monster Energy

PerfectSwell Shizunami has 4 ramps to choose from — which one excites our 2019 champ?

Jun 8, 2024

JJF And Yago Soar, Brisa And Molly Sear, And Olympic Surfers Get Drug Tested On Day 1 Of Surf City El Salvador Pro

"These rocks are like basketballs covered in slime."

Jun 7, 2024

Cheat Codes: Optimizing Surfing’s Pain-To-Joy Ratio With Mason Ho

How to keep your skull intact, your forecast accurate, and your morale unbothered — no…

Jun 6, 2024
Advertisement