3 ms·
> It's just a blatant fact that Kalanick wasn't axed because of his inability to turn a profit. No one is suggesting that. When people say "this is capitalist
by mbesto 9y ago
> It's just a blatant fact that Kalanick wasn't axed because of his inability to turn a profit.
No one is suggesting that. When people say "this is capitalist of the board to do" they're talking about the individual board member profiting from a successful exit. Put more simply - investor puts $1 in Uber on day 0 and expects to make $100 on day 1,000 and makes a $99 profit. They're axing TK because they want to make their $99 return on investment.