Her salary is $600,000 but she gets $1.3million if she leaves the company.
The proposed exit deals are a far cry from the $$1.6billion Neumann received when he left the company, despite the fact that thousands of employees had to be laid off as part of the reshuffle.
The fast-growth company was at one stage valued at $47billion – a staggering figure which made the prospect of an IPO irresistible.
As the company veered closer to going public, details of Neumann’s reckless spending and erratic behavior spooked the industry.
Neumann ignored advice from other executives who told him not to try to take the company public in just three months, according to insiders.
Some inside the company said Neumann had a ‘Jesus’ complex and is a ‘phony’.
The company asked Softbank for a bail-out, which it provided, but under harsh terms.