Recode: Uber investor says Benchmark wants Huffington off board

Aug. 16, 2017 8:44 AM ETUber Technologies, Inc. (UBER) StockUBERBy: Brandy Betz, SA News Editor1 Comment
  • Uber (UBER) investor Shervin Pishevar says Benchmark Capital wants Arianna Huffington off the board, according to Recode.
  • The accusation comes in a letter sent to Benchmark, which claims the firm is working with Lowercase Capital to shove former CEO Kalanick off the board and out of the company. 
  • Pishevar writes that a Lowercase Capital representative revealed that Benchmark wants to remove Huffington and “have made quite derogatory remarks about her.”
  • Benchmark has filed suit against Kalanick to try and reverse a board expansion that would also work to remove Kalanick’s seat. 
  • Pishevar reportedly offered to buy 75% of Benchmark’s stake, but the firm wasn’t interested. 
  • Pishevar remains loyal to Kalanick, which isn’t unusual at Uber. Developer Chris Saad left the company yesterday and cited Kalanick’s resignation in a Facebook post.  
  • Previously: CNBC: Benchmark threatened to block Uber investments over expanded board (Aug. 14)

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