Embattled taxi company Uber has agreed new reforms of corporate governance, clearing the way for investment from Japanese telecoms company SoftBank. Benchmark led a board revolt to oust Kalanick as chief executive officer, and directors are divided about what role Kalanick now should play.
Adding a new twist to ongoing drama at Uber, a group of prominent investors in the ride-hailing startup is threatening to sue if a contentious board vote Tuesday doesn't go its way.
Former CEO Travis Kalanickresigned his position in June following an exodus of top executives and allegations that managers didn't adequately address reports of sexual harassment.
Changes included eliminating "super-voting" power of some shares, such as those owned by Kalanick, to shift to a one vote per share model that would curtail the co-founder's clout, according to the source.
Kalanick, still one of the largest shareholders and a board member, contends that fellow Uber board members are moving too fast on a dramatic restructuring and wants to delay a decision on governance changes, a third person said. But Khosrowshahi was able to bring directors together to push through changes that limit Kalanick's influence.
"Today's action by the board was the culmination of a blatant bait and switch, essentially robbing loyal employees, including the more than 200 early founding Uber employees and advisors, of their hard earned shareholder rights", Pishevar and Russell said.
In a statement issued by his representative, Kalanick said the board's unanimous vote marked "a major step forward in Uber's journey to becoming a world class public company".
On Tuesday, Khosrowshahi - who has apologized to Londoners for the firm's mistakes- will meet TfL's Commissioner Mike Brown in a bid to fix a fraught relationship between the regulator and the taxi app, which has prompted strong opposition from unions and traditional taxi drivers over working rights.
As of Sunday, Thain and Burns still weren't official board members of the San Francisco-based company, one of the people said.
Uber declined to comment on the letter Monday. Kalanick's move appeared to have succeeded, and the pair will remain on the board.
On Aug. 30, media mogul and Uber board member Arianna Huffington posted a happy photo to her Twitter account.
The talks happened as Uber faces the departure of its London boss and pressure in the USA over former CEO Travis Kalanick's influence over the company after he appointed two new board members with little notice.
Kalanick, along with other former and current employees, is barred from chairing the board's committees or subcommittees under the new rules, according to a person familiar with the matter. Those directors still must be approved by a majority of the full board or a majority of shareholders.
This move comes at a time when there is a rift in the board, especially with former CEO Travis Kalanick.
The Google Home Mini is a sleek design with rounded corners to make it look like an ornament and seemingly integrate into a room. That big ticket does include a 12-month subscription for Youtube Red , which would otherwise cost $120.
Along the bottom of the screen, to the left of the spectrum of colors you're used to seeing, you'll see a new eyedropper icon. Now just like adding a sticker, users can add a two-answer poll on top of their stories that friends can answer.
Later on Tuesday, Egyptian Intelligence Minister Khaled Fawzy is expected to arrive in Gaza to meet with PA and Hamas officials. Previous attempts at reconciliation have failed, and there are hard obstacles which still stand in the way.
Outside the courtroom, Mallya said that has "done nothing wrong" and described the allegations against him as "fabricated". April 2015 - To recover the funds, Mumbai International Airport sold Vijay Mallya's personal aircraft for Rs 22 lakh.
More than 1,000 scientists from universities around the USA and other countries conduct LIGO research as members of the LSC . Who will win a Nobel physics prize is often anyone's guess; the selection process is notoriously secretive.
Senator Susan Collins (R-Maine) joined John McCain (R-Arizona) and Rand Paul (R-Kentucky) in opposing the bill Monday. Cochran's staff said that the Senator was recovering from a "urological issue" that is neither cancerous nor serious.
Prosecutors at Malaysia's High Court were seeking to establish the basic facts regarding Kim Jong Nam's death on February 13. Doctor Nik Mohd Adrul Ariff Raja Azlan told the court that Jong-nam was unable to speak when he asked what had happened.
However, the company's quarterly results reveal that just 260 Model 3s were built in Q3 "due to production bottlenecks". Tesla called the third quarter "our all-time best quarter for deliveries " in an investor message posted online.
A statement from Manson's rep indicates he was treated at a NY hospital and plans to recover at his Los Angeles home. It was after he tried to reach the gun props that the whole thing came tumbling down on him.
Vinnik, 38, was detained in Greece on July 25 at the request of USA authorities charging him with a number of offenses. Authorities suspect he was ringleader and responsible for alleged laundering activity since 2011.
Mayor Perez told TheDC that the story Cruz is telling the media doesn't mesh with what he has seen from the federal government. That money covers initial request for the hurricanes that hit Texas, Louisiana and Florida as well as Puerto Rico and the U.S.
Ironically, the controversy helped the track move to the top of the iTunes chart in Australia this week. The criticism has been led by former prime minister, Tony Abbott, and Liberal senator, Eric Abetz.
Las Vegas Shooter Stephen Paddock Gambled For $10000 Per Day
Stephen Paddock and his partner, Marilou Danley, 62, were regulars at the Starbucks inside the Virgin River Casino in Mesquite. During her American divorce, Marilou Danley listed a downtown Reno unit at the Montage luxury condominium as her address.
BSF Camp Near Srinagar Airport Attacked
The airport is managed by the Indian Air Force and also doubles as a military base with many attack helicopters based there. Following the attack, all the morning flights were cancelled, and airports were sealed till security clearance.
Range Rover Sport gets a plug-in hybrid makeover
The 2018 Range Rover Sport lineup will arrive in Australia in April, with prices starting from $95,100 (excluding on-road costs). And to keeps all other screens alive as well, the sportiest Range Rover can be ordered with up to 12 power outlets.
House Passes Pain-Capable Unborn Child Protection Act
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Minnesota Twins vs New York Yankees in AL Wild Card
Luis Severino pitches for the Yanks - he's 23, he averaged 97.6 miles per hour on his fastball, tops among qualified starters. The victor of Tuesday night's game will advance to take on the Cleveland Indians in the American League Division Series.
Roku unveils new streaming sticks and 4K HDR box
Smart TVs from brands like TCL, Hisense, RCA and others that run Roku's Smart TV system have always been among CNET's favorites . As for availability , all of the new streaming players can be pre-ordered beginning today and will be available on October 8.
How to Watch Barcelona vs. Las Palmas
Barcelona went on to win against Las Palmas by three goals to nil but football was the not on anyone's mind. The victory gave Barcelona a five-point lead over Sevilla, which defeated visiting Malaga 2-0 on Saturday.