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

By | August 11, 2017

Uber Technologies Inc. confronted a up to this point spherical of turmoil Thursday, with its world operations chief resigning and a critical investor suing the ride-hailing company’s former CEO.

Ryan Graves informed Uber workers in an digital message Thursday that he’ll transition out of his function as senior vp of world operations in mid-September. Graves will stay on Uber’s board.

That board — and its assist for former CEO Travis Kalanick [pictured above] — was the matter of a lawsuit filed Thursday in Delaware Chancery Court by Benchmark Capital Partners.

Benchmark is a critical investor with thirteen p.c of Uber’s stock. It claims Kalanick is making an try to pack Uber’s board collectively with his allies and finally return to his submit as CEO. The enterprise capital agency says that will harm Uber’s shareholders, employees, drivers and customers.

A spokesperson for Kalanick acknowledged the lawsuit is “completely with out benefit and riddled with lies and false allegations.”

In the lawsuit, Benchmark claims Kalanick hid supplies information from buyers when he created three new board seats in 2016 and gave himself the best to nominate people to these seats. Among completely different things, Benchmark said, Kalanick knew Uber is extra probably to be accused of stealing commerce secrets and techniques from Waymo, Google’s self-driving automobile unit. Waymo sued Uber earlier this year.

The lawsuit additionally says Kalanick did not converse about his failure to curb Uber’s pervasive tradition of discrimination and sexual harassment.

Kalanick resigned beneath strain in June after a monthslong investigation into harassment and completely different habits factors on the San Francisco-based company. But he shortly appointed himself to at least one among many three board seats. The completely different two stay vacant.

Benchmark says Kalanick has acquired “a disproportionate diploma of affect over the board, making sure that he would proceed to have an outsized function in Uber’s strategic path even when pressured to resign as CEO.” The agency says Kalanick has already interfered in…

Please check this great service at: or visit FREE SERVICES menu

[Total: 0    Average: 0/5]