A group of Uber shareholders is calling for venture-capital firm Benchmark Capital to be removed from Uber's board.
According to Axios' Dan Primack, Shervin Pishevar of Sherpa Capital, Ron Burkle of Yucaipa Companies, and Adam Leber of Maverick sent a petition Friday morning to other Uber investors and Uber's board of directors calling for Benchmark to step aside.
The petition also asks that Benchmark divest enough of its shares so it no longer has board appointment rights, according to Axios.
The battle for control of Uber took another unexpected turn Friday when a shareholder group led by some of the company’s top investors reportedly asked for the removal of a key venture capital firm from the ride-hailing giant’s boar...
A shareholder group — including investors Shervin Pishervar, Ron Burkle and Adam Leber — are demanding Benchmark divest some of its shares.
Early Uber investor Benchmark Capital is suing former Uber CEO Travis Kalanick for alleged fraud, Axios' Dan Primack first reported on Thursday. The VC firm is also suing Kalanick for alleged breach of contract and breach of fiducia...
The investors, led by the venture capitalist Shervin Pishevar, demanded the change after Benchmark, a major Uber shareholder, sued Travis Kalanick, the former C.E.O.