CEO of WeWork to step down amid tales of financial impropriety and wild partying

WeWork founder Adam Neumann is expected to step down as CEO of the company. He’ll still be chairman of the co-working startup. Neumann’s ouster comes after a cascade of bad press for WeWork. The company postponed its IPO. It’s facing massive deficits. Its expected value was slashed to one-third of the original sticker price.