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The reason they were fired was because this whole mess got a lot of publicity. If there was no publicity, nothing would have happened. Ask Warren Buffett even
by sumedh 9y ago
The reason they were fired was because this whole mess got a lot of publicity. If there was no publicity, nothing would have happened.
Ask Warren Buffett even he complains board members dont do much work they just blindly follow what the CEO says.
- draw_down 9y agoMaybe. There are also a couple lawsuits in the mix, and the harassment issue was a lot more than just press.
- fnbr 9y agoYup. The Holder report seems scathing, too, from what little we've seen. I would think that everything we've seen would have lead to a significant down round if Kalanick hadn't resigned (we still probably will). Given Uber's lack of profits & burn rate, a down round could send them into a death spiral.
- malandrew 9y agoAll that we've seen is a list of recommendations. How did you go from a list of recommendations with no explanation as to how each recommendation was arrived at to "seems scathing"?