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So the board agreed to create 3 new board seats over which Kalanick would explicitly have full control to appoint people. And now they're suing him because they
by imsofuture 9y ago
So the board agreed to create 3 new board seats over which Kalanick would explicitly have full control to appoint people. And now they're suing him because they regret that?
- dcole2929 9y agoPer the lawsuit, Kalanick, stated explicitly, in writing, that the seats would have to be approved by the board, and he reneged on that. Whether his written word can still hold him accountable remains to be seen, as it seems like this agreement wasn't made as a part of the vote to create the new seats but as a part of the deal where he vacated the CEO position. All in all when your biggest, earliest investor sues you, despite you having built them a fortune, you have probably been grossly negligent in some respect.