Uber has to seat Ursula Burns and John Thain as directors, so here’s what you need to know
https://www.recode.net/2017/9/30/16389708/uber-must-seat-burns-thain-directors
Point for ousted Uber CEO Travis Kalanick: Under the company’s current voting agreement, Uber is obligated to seat two directors, former Xerox CEO Ursula Burns and former Merrill Lynch CEO John Thain. He appointed both yesterday to Uber’s board.
While that agreement is part of litigation (now in private arbitration) that one of the car-hailing company’s biggest investors, Benchmark, is waging against him, only a successful attempt by the venture firm to stay the action will stop them from joining at a planned Tuesday board meeting.
Uber has to seat Ursula Burns and John Thain as directors, so here’s what you need to know
Oct 1, 2017, 12:12am UTC
https://www.recode.net/2017/9/30/16389708/uber-must-seat-burns-thain-directors
>Point for ousted Uber CEO Travis Kalanick: Under the company’s current voting agreement, Uber is obligated to seat two directors, former Xerox CEO Ursula Burns and former Merrill Lynch CEO John Thain. He appointed both yesterday to Uber’s board.
>While that agreement is part of litigation (now in private arbitration) that one of the car-hailing company’s biggest investors, Benchmark, is waging against him, only a successful attempt by the venture firm to stay the action will stop them from joining at a planned Tuesday board meeting.