Here’s the proposal to change Uber’s governance, which is aimed at limiting Travis Kalanick’s power
https://www.recode.net/2017/9/30/16388778/uber-governance-proposal-travis-kalanick
Former CEO Travis Kalanick’s decision on Friday to appoint two new directors to the board of the car-hailing company did not come out of nowhere, although it was a surprise to the board and its new CEO.
According to those familiar with the situation, it was because the pugnacious entrepreneur felt under attack. The day prior, Kalanick and the rest of Uber’s board were briefed by Goldman Sachs on a proposal that, as he saw it, would “dramatically restructure the Board and significantly alter the company’s voting rights.”
Here’s the proposal to change Uber’s governance, which is aimed at limiting Travis Kalanick’s power
Oct 1, 2017, 12:17am UTC
https://www.recode.net/2017/9/30/16388778/uber-governance-proposal-travis-kalanick
>Former CEO Travis Kalanick’s decision on Friday to appoint two new directors to the board of the car-hailing company did not come out of nowhere, although it was a surprise to the board and its new CEO.
>According to those familiar with the situation, it was because the pugnacious entrepreneur felt under attack. The day prior, Kalanick and the rest of Uber’s board were briefed by Goldman Sachs on a proposal that, as he saw it, would “dramatically restructure the Board and significantly alter the company’s voting rights.”