“In the wake of the news, five experts, including corporate-law professors, analysts, and tech executives, spoke with Business Insider about their reactions to SoftBank’s decision.
While the experts largely agreed that SoftBank made the right move by taking control of WeWork away from Neumann, they were astounded by the size of Neumann’s golden parachute.[…]
Nir Kossovsky, the CEO of Steel City Re, a risk consulting and insurance firm, said that while severing ties with Neumann was the right move for the future of WeWork, the size of Neumann’s ‘golden parachute’ could reflect poorly on SoftBank’s reputation.”
Business Insider
October 24, 2019
“Nir Kossovsky, the CEO of Steel City Re, (said)…the size of Neumann’s ‘golden parachute’ could reflect poorly on SoftBank’s reputation.”
Click on Read More (below) for full text (no paywall).
Reputation risk is the peril of economic or political loss from choices made by angry disappointed stakeholders.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
What’s your strategy?