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Hundreds of people who are not Uber CEO's are continuing to hold Uber stock. Not controlling a company is not a common reason to sell. The article's implicati
by libria 7y ago
Hundreds of people who are not Uber CEO's are continuing to hold Uber stock. Not controlling a company is not a common reason to sell.
The article's implication - that Kalanick is simply pessimistic about his investment in Uber - seems more reasonable.
- fastball 7y agoDiversification. Having 75% of your wealth in a single asset is a terrible idea for anyone except the co-founder/CEO of a business, for whom continuing to have a skewed portfolio can be a signal of confidence. Once you're not longer the person running the show, it makes a lot more sense to diversify, as you probably don't give a damn whether you're signalling confidence or not.