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That's one probable story. Another is that the board could have threatened to sue Kalanick for violating the loyalty and duty obligations that corporate office
by bduerst 9y ago
That's one probable story.
Another is that the board could have threatened to sue Kalanick for violating the loyalty and duty obligations that corporate officers have to shareholders - e.g. for suppressing systemic sexual harassment, withholding details about the Otto acquisition, etc.
- berberous 9y agoThis would never have happened.
- bogomipz 9y agoHow do you know that?
- berberous 9y agoHave you ever seen a Board sue a CEO in a similar situation? I also don't think the examples he cited are violations of those duties.
- jacquesm 9y agoHe may not, but I have seen a board threaten a CEO in a situation like that. It never came to a lawsuit, the CEO stepped down but this sort of thing definitely can happen depending on how bad the situation is.
- bduerst 9y agoInvestors sue all the officers all the time. United Airlines, Ebay/Craigslist, Skype, non-profits, etc. Suppressing systemic sexual harassment violates his duty to report management problems to the board. Same with any meetings with Otto's founder a week prior to them leaving Google and founding Otto.
- bogomipz 9y agoIndeed. The CEO of Sears was recently sued by investors: http://www.businessinsider.com/sears-ceo-will-pay-40-million-to-settle-shareholder-lawsuit-2017-2 http://www.businessinsider.com/sears-ceo-will-pay-40-million...