Uber board approves measures limiting Kalanick's power
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.
Uber board approves measures limiting Kalanick's power
Oct 4, 2017, 12:23am UTC
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.