Benchmark is suing Travis Kalanick (and Uber) over board control, claiming ‘selfish’ power grab

Benchmark is suing Travis Kalanick (and Uber) over board control, claiming ‘selfish’ power grab

7 years ago
Anonymous $Gu9VYqcl-R

https://www.recode.net/2017/8/10/16127554/benchmark-sues-travis-kalanick-uber-over-board-control-claiming-selfish-power-grab

One of Uber’s biggest shareholders, Benchmark Capital, has sued co-founder and ousted CEO Travis Kalanick, claiming he has not honored the terms of his resignation and has been trying to change the makeup of the board to advantage himself.

Along with claiming he wanted to “entrench himself for his own ‘selfish ends,’” the high-profile Silicon Valley venture firm has alleged that the pugnacious entrepreneur’s “overarching objective is to pack Uber's Board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO.”