‘Uber-investors demand departure of Benchmark Capital from board of directors’
A group of investors in Uber has investment from Benchmark Capital asked to leave the board.
That notifies Axios on the basis of an e-mail that the website in your hands.
The investors also want to Benchmark as many shares in Uber submits that it has no rights to new members of the board to appoint. The e-mail was signed by Shervin Pishevar of Sherpa Capital, Ron Burkle of Yucaipa Cos and Adam Leber of Maverick.
Benchmark Capital indicted a former Uber-ceo Travis Kalanick Thursday for fraud and breach of contract. According to the investment company, is the vote from June 2016, in which it was decided to set three extra places to add to the board invalid. Benchmark Capital had here never voted for it if it had known of “the bad management of Kalanick and other misconduct at Uber”.
As the investor lawsuit wins, Kalanick from the council. He covered one of the three added sites. The other two spots are still empty.
The group of investors behind the e-mail set up now that Benchmark Capital, the search for a new CEO, only more complicated. Therefore, it would be their fiduciary right to breach, as stated in the e-mail.