Steve Schwarzman has doubts. So does Larry Ellison. And so, too, do the growing numbers of Wall Street bankers and investors who are all anxiously awaiting the next move by WeWork and its brash co-founder, Adam Neumann.
Neumann was a no-show this week for a long-planned appearance at a SoftBank Group Corp. three-day retreat in Pasadena, California, according to people familiar with the matter, a further sign that company executives are hunkering down. Once the WeWork initial public offering was postponed late Sept. 16, organizers knew Neumann’s presence would be iffy, the people said. His planned appearance was rescheduled from the first day of the event at the Langham Hotel to the last and then canceled altogether.
