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Uber board set for contentious meeting to strip Travis Kalanick's powers

Kalanick, ousted by investors in June, contends that fellow Uber board members are moving too fast

Reuters  |  SAN FRANCISCO 

The board of Uber Technologies Inc, including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a multibillion-dollar investment, sources said. Proponents of the measures believe they can prevail on each issue, despite the addition to the board of two new directors named by Kalanick and a legal threat from early investors, two people familiar with the matter said. Kalanick, ousted by investors in June, contends that fellow Uber ...

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First Published: Tue, October 03 2017. 10:18 IST
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