{"id":40443,"date":"2017-08-12T09:42:35","date_gmt":"2017-08-12T09:42:35","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=40443"},"modified":"2017-08-12T09:42:35","modified_gmt":"2017-08-12T09:42:35","slug":"uber-shareholders-ask-benchmark-leave-board","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/uber-shareholders-ask-benchmark-leave-board.html","title":{"rendered":"Uber shareholders ask Benchmark to leave board"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Uber shareholders ask Benchmark to leave board<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Uber shareholders ask Benchmark to leave board:- Investors at Uber asked Benchmark Capital on Friday to step down from the company&#8217;s board of directors, according to a news report. The request comes a day after Benchmark sued former Uber CEO Travis Kalanick.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">In an email-petition signed by Shervin Pishevar of Sherpa Capital, Ron Burkle of Yucaipa Companies and Adam Leber of Maverick Technologies, shareholders said Benchmark&#8217;s lawsuit &#8220;impede[s] the critical search for a new, world-class Chief Executive Officer,&#8221; according to news site Axios, which obtained a copy of the letter.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">The shareholders also asked Benchmark to sell its shares so it didn&#8217;t have board appointment rights.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Benchmark filed a lawsuit against Kalanick Thursday, claiming the former CEO created additional seats on the board to &#8220;increase his power over Uber for his own selfish ends.&#8221;<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">A board of directors meeting was scheduled the day the email was sent.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: 14pt;font-family: Arial, Helvetica, sans-serif;color: #000000\">Sherpa Capital, Yucaipa Companies, Maverick Technologies and Pishevar were not immediately available for comment. Uber declined to comment. Benchmark did not respond to request for comment.<\/span><\/p>\n<p><span style=\"font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">Source:-\u00a0https:\/\/www.usatoday.com\/story\/tech\/news\/2017\/08\/11\/uber-shareholders-ask-benchmark-leave-board\/560468001\/<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/uber-shareholders-ask-benchmark-leave-board.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Uber shareholders ask Benchmark to leave board Uber shareholders ask Benchmark to leave board:- Investors at Uber asked Benchmark Capital on Friday to step down from the company&#8217;s board of directors, according to a news report. The request comes a day after Benchmark sued former Uber CEO Travis Kalanick. In [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":40444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[44398,44396,8736,44397,44395],"class_list":["post-40443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-benchmark","tag-board-of-directors","tag-email","tag-petition","tag-uber-shareholders-ask-benchmark-to-leave-board"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/40443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=40443"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/40443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/40444"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=40443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=40443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=40443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}