• A group of Uber investors want Benchmark Capital kicked off the board after the firm sued former CEO Travis Kalanick

    9 days ago - By Business Insider

    A group of Uber shareholders is calling for venture-capital firm Benchmark Capital to be removed from Uber's board.
    According to Axios' Dan Primack , Shervin Pishevar of Sherpa Capital, Ron Burkle of Yucaipa Companies, and Adam Leber of Maverick sent a petition Friday morning to other Uber investors and Uber's board of directors calling for Benchmark to step aside.
    The petition also asks that Benchmark divest enough of its shares so it no longer has board appointment rights, according to Axios.
    The request comes one day after Benchmark filed a lawsuit against former Uber CEO Travis...
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  • Uber will never be free of Travis Kalanick

    Uber will never be free of Travis Kalanick

    10 days ago - By TheBoyGeniusReport

    Not quite two months ago, investors forced Uber founder and CEO Travis Kalanick out of the company he founded. Within hours, there was a petition circulating among employees calling for his return; within weeks, he was reportedly telling friends that he was going to "Steve Jobs" a return to power.
    Now, one of Uber's earliest investors, Benchmark Capital, has filed a lawsuit to try and remove Kalanick from the board thanks to a breach of fiduciary duty. It's a messy civil war with a $60 billion company on the line, and it's not going to end any time soon.
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  • Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

    Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

    10 days ago - By TechCrunch

    From Uber's former CEO Travis Kalanick getting sued by his company's lynchpin investors at Benchmark to Google's struggles with a recently fired employee over a gender diversity screed that went viral, it's been a wild week in tech. Meanwhile, Snap and Blue Apron both reported disappointing earnings - something we discuss in this week's episode of the...
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  • On Topic: Tech news to know now

    On Topic: Tech news to know now

    10 days ago - By SiliconBeat

    Former Uber CEO Travis Kalanick gets sued for fraud by one of the company's top investors. Also, SoundCloud manages to stay alive and Snap shares get pummeled after disappointing results.
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  • What was Benchmark thinking?

    What was Benchmark thinking?

    10 days ago - By TechCrunch

    Yesterday, Benchmark, the powerful venture firm and a major Uber shareholder, filed a lawsuit against the company's recently ousted CEO Travis Kalanick in a remarkable move. The suit seeks to remove Kalanick from the board, while eliminating three additional board positions that it says Kalanick sought approval for last year, partly by withholding crucial information from...
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  • More Woes for Uber: Exec Resigns, Investor Sues Ousted CEO

    More Woes for Uber: Exec Resigns, Investor Sues Ousted CEO

    10 days ago - By Mobile Tech Today

    Ride-hailing company Uber Technologies is facing a fresh round of turmoil, with its global operations chief resigning and a major investor suing the ride-hailing company's former CEO.
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  • Uber Investor That Asked Kalanick To Quit Sues Him For Fraud

    10 days ago - By Android Headlines

    Benchmark Capital, a major investor in Uber that owns approximately 13 percent of the most valuable startup in the world, sued the ride-hailing giant's former Chief Executive Officer Travis Kalanick over fraud, looking to completely oust him from the company he founded in 2009. The firm filed a lawsuit against Mr. Kalanick with the Delaware Chancery Court on Thursday, accusing him of breaking his fiduciary duty to investors by filling Uber's Board of Directors with his confidantes and thus maintaining a tight grip on the company in an effort to prepare for his eventual return as its top...
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