[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

Mister Roberts (1965) WE BROKE HIM!! [Early weekend BS/nonsense thread] I'm going to send DOGE after Elon." -Trump This is the America I grew up in. We need to bring it back MD State Employee may get Arrested by Sheriff for reporting an Illegal Alien to ICE RFK Jr: DTaP vaccine was found to have link to Autism FBI Agents found that the Chinese manufactured fake driver’s licenses and shipped them to the U.S. to help Biden... Love & Real Estate: China’s new romance scam Huge Democrat shift against Israel stuns CNN McCarthy Was Right. They Lied About Everything. How Romans Built Domes My 7 day suspension on X was lifted today. They Just Revealed EVERYTHING... [Project 2029] Trump ACCUSED Of MASS EXECUTING Illegals By DUMPING Them In The Ocean The Siege (1998) Trump Admin To BAN Pride Rainbow Crosswalks, DoT Orders ALL Distractions REMOVED Elon Musk Backing Thomas Massie Against Trump-AIPAC Challenger Skateboarding Dog Israel's Plans for Jordan Daily Vitamin D Supplementation Slows Cellular Aging: Hepatitis E Virus in Pork Hospital Executives Arrested After Nurse Convicted of Killing Seven Newborns, Trying to Kill Eight More The Explosion of Jewish Fatigue Syndrome Tucker Carlson: RFK Jr's Mission to End Skyrocketing Autism, Declassifying Kennedy Files Israel has killed 1,000 Palestinians in the West Bank since October 7, 2023 100m Americans live in areas with cancer-causing 'forever chemicals' in their water Scientists discover cancer-fighting bacteria that "soak up" forever chemicals in the body Israel limits entry of baby formula in Gaza as infants die of hunger 17 Ways mRNA Shots May CAUSE CANCER, According to Over 100 STUDIES Report: Pentagon Halts Some Munitions Shipments To Ukraine Over Concerns That US Stockpiles Are Too Low

Business/Finance
See other Business/Finance Articles

Title: Turf war at Uber as major investor sues firm's founder Kalanick for fraud
Source: [None]
URL Source: [None]
Published: Aug 11, 2017
Author: staff
Post Date: 2017-08-11 08:39:35 by Tatarewicz
Keywords: None
Views: 88

RT... One of Uber’s largest investors is suing Travis Kalanick, accusing the company’s former head of being involved in a fraudulent scheme to “increase his power over Uber for his own selfish ends.”

Benchmark Capital, a Silicon Valley venture capitalist, filed a suit in Chancery Court in Delaware on Thursday. Read more Uber CEO Travis Kalanick © Shu Zhang Embattled Uber chief takes leave of absence to ‘work on himself’

The firm claims Kalanick, who stepped down as Uber CEO in June but is still on the company board of directors, is trying to change the makeup of the board to his advantage.

The document says the ousted Kalanick’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.”

According to Benchmark Capital, the former head of the ride-hailing company is violating the terms of his resignation.

The company, which reportedly owns 13 percent of Uber and controls 20 percent of the voting power, aims to dismiss Kalanick from the board.

In response, Kalanick issued a statement, claiming the suit was “completely without merit and riddled with lies and false allegations.” He accused the company of “acting in its own best interests contrary to the interests of Uber.”

Benchmark Capital plans to deprive the former CEO of his rights as a founder and shareholder, according to the statement.

“Travis will continue to act in the interests of Uber and all of its stakeholders and is confident these entirely baseless claims will be rejected,” a Kalanick spokesman said.

Travis Kalanick resigned in June following mounting pressure from shareholders. His resignation came as the company tried to grapple with months of scandal and controversy.

Post Comment   Private Reply   Ignore Thread  

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]