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What was Benchmark thinking?

Original story at TechCrunch• 10 mentions • 2 months ago

TechCrunch 2 months ago

 
Yesterday, Benchmark, the powerful venture firm and a major Uber shareholder, filed a lawsuit against recently 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 (and won) approval for last year, partly by withholding crucial information from the board. The central issue: When Kalanick resigned as CEO, he also resigned from his board seat, but he quickly re-appointed himself to one of those outstanding and “fraudulently procured” seats, says Benchmark. It now alleges that Kalanick ultimately hopes to ...
 
 
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What they're saying:

12 Aug
Tim Bush @tbush
What was Benchmark thinking? https://t.co/Gow8LpYDfJ
12 Aug
UpSearch @UpSearch
* What was Benchmark thinking? https://t.co/lfbphIBUqI @TechCrunch
11 Aug
Pascal Rossini @pascalrossini
What was Benchmark thinking? - TechCrunch https://t.co/jSwUh9B4fn
11 Aug
Ak Baş @wittich
What was #Benchmark thinking? https://t.co/530HoCHpJ1 #tc #venturecapital #uber #traviskalanick
11 Aug
Nick Chater @nick_chater
What was Benchmark thinking? https://t.co/y0uwr3TuF2 #EdTech
11 Aug
TechCrunch @TechCrunch
What was Benchmark thinking? https://t.co/evtbH1iORF by @cookie