WeWork's private jet, Adam Neumann, grounded

WeWork's Adam Neumann, who stepped down earlier this week as CEO, will no longer be able to fly in the friendly air of the business jet.

The Gulfstream G650, worth about $ 60 million, is grounded and is now on sale, according to a report by Business Insider.

Neumann, who allegedly used the jet to transport his family members, brandished a red flag for the attention of some investors at the launch of his initial public offering. Some saw the surplus as a sign of weak corporate governance.

Earlier this week, Newmann was forced to leave his position as CEO and play a non-executive role in the company. Investors, including the CEO of SoftBank, Masayoshi Son, the largest in the group, worried about his control actions.

The Wall Street Journal reported for the first time his ouster, who also shared his concerns about personal problems such as drug use and eccentric behavior.

FOX Business inquiries to WeWork were not returned at the time of publication.

On Thursday, the Wall Street Journal also announced that company insiders linked to Neumann would likely be ousted or reassigned.

Neumann cashed $ 700 million worth of stock options declared prior to the IPO, which is an unusual move for someone whose startup has been announced. The founders generally stay on these options until the end of the IPO if they expect the value of their company's shares to increase.

WeWork was at a private moment estimated at 47 billion dollars, a figure that the presidential candidate, Andrew Yang, described as "quite ridiculous" last month, despite losses of more than 3 billion dollars since 2016 .

The estimated valuation was lowered twice, up to $ 10 billion, before the IPO was postponed indefinitely on September 16.

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