Uber shareholder group asks Benchmark to step down from board following Kalanick suit

Uber shareholder group asks Benchmark to step down from board following Kalanick suit

7 years ago
Anonymous $Gu9VYqcl-R

https://techcrunch.com/2017/08/11/uber-shareholder-group-asks-benchmark-to-step-down-from-board-following-kalanick-suit/

In what is rapidly devolving into an all-out brawl on the board of the world’s highest-valued private company, a group of Uber shareholders have asked the venture capital firm Benchmark to step down from the board of directors, Axios reports.

This move comes only a day after Benchmark took the aggressive step of filing suit against Uber’s former CEO Travis Kalanick, arguing that the founder had violated his fiduciary duty to the company and had committed fraud by seeking to “increase his power over Uber for his own selfish ends.” Their suit is seeking to remove Kalanick from the board and reduce his role at the company.