Uber investor Shervin Pishevar petitions Benchmark to step down from board and sell some of its stock

Uber investor Shervin Pishevar petitions Benchmark to step down from board and sell some of its stock

7 years ago
Anonymous $Gu9VYqcl-R

https://techcrunch.com/2017/08/12/uber-investor-shervin-pishevar-petitions-benchmark-to-step-down-from-board-and-sell-some-of-its-stock/

Shortly after a group of Uber shareholders asked Benchmark to relinquish its spot on Uber’s board of directors, Sherpa Capital’s Shervin Pishevar is petitioning Benchmark via Change.org to remove itself from Uber’s board. The petition also asks Benchmark to sell at least 75 percent of its stock so that the firm no longer has rights to appoint members to Uber’s board of directors.

“We have investors ready to acquire these shares as soon as we receive communication from Benchmark that they are willing to withdraw their lawsuit and sell a minimum of 75% of their holdings,” the petition states.