Uber director David Bonderman resigns from board following comment about women

Image
Reuters SAN FRANCISCO
Last Updated : Jun 14 2017 | 8:07 AM IST

By Heather Somerville

SAN FRANCISCO (Reuters) - Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company's board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.

Bonderman's ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at the company.

Bonderman said in a statement sent to Reuters that he did not want his comments to create distraction for Uber, which is working to rid its culture of sexual harassment and discrimination.

His resignation from the board is effective Wednesday morning.

During Tuesday's meeting, Uber board member Arianna Huffington spoke to employees about the importance of adding more women to the board of directors.

"There's a lot of data that shows when there's one woman on the board, it's much more likely that there will be a second woman on the board," Huffington said.

In response, Bonderman said: "Actually, what it shows is that it's much more likely to be more talking."

The comment was disclosed through a recording of the meeting that was published by Yahoo. An Uber spokesman verified the authenticity and accuracy of the recording.

Bonderman, who is a founder of private equity firm TPG Capital, an Uber investor, shortly after wrote an email to Uber staff to apologize.

In his resignation statement that followed on Tuesday evening, Bonderman reiterated his regret, calling his remarks "careless, inappropriate, and inexcusable" and "the opposite of what I intended."

"I take full responsibility for that," he said. "I need to hold myself to the same standards that we're asking Uber to adopt."

Bonderman and other board members had joined Tuesday's staff meeting to lay out recommendations from an investigation into sexual harassment, diversity, inclusion and other employee concerns led by former U.S. Attorney General Eric Holder.

Holder's law firm was retained by Uber in February after former Uber engineer Susan Fowler wrote a public account of her time at the company, which she said was marred by sexual harassment and an ineffective response by management.

The recommendations, which were unanimously adopted by the board on Sunday, call for reducing Chief Executive Travis Kalanick's sweeping authority at the firm and instituting more controls over spending, human resources and the behavior of managers.

(Reporting by Heather Somerville; editing by Clive McKeef)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 14 2017 | 7:55 AM IST

Next Story