Some Uber investors loyal to Travis Kalanick are asking Benchmark to step off the board

Some Uber investors loyal to Travis Kalanick are asking Benchmark to step off the board

6 years ago
Anonymous $Gu9VYqcl-R

https://www.recode.net/2017/8/11/16135598/uber-investors-loyal-travis-kalanick-ceo-benchmark-leave-board

A group of Uber shareholders sent Benchmark Capital a letter asking the firm to step down from the board of directors and to divest its shares, Axios reported. The letter was written in response to a lawsuit Benchmark filed against ex-Uber CEO Travis Kalanick and the company on Thursday.

The key thing to understand is some of the investors are Kalanick loyalists such as Sherpa Capital’s Shervin Pishevar and Yucaipa Companies’ Ron Burkle. Maverick’s Adam Leber has also signed the letter.