Uber board approves measures limiting Kalanick's power

Uber board approves measures limiting Kalanick's power

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnet.com/roadshow/news/uber-board-reportedly-approves-limiting-kalanicks-power/

Uber's board of directors on Tuesday approved reforms that limit the power of Travis Kalanick, the ride-hailing company's co-founder and former CEO.

The board voted to eliminate its super-voting structure, in which early shareholders had 10 times the voting power, to a one vote per share model, according to a source familiar with the vote. The board also voted to expand the number of board members to 17, adding six seats to dilute recent additions made by Kalanick.