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August 15, 2017 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/N3nBXhEZjdg/uber-investors-slam-travis-kalanick-in-open-letter-to-employees
Uber Investors Slam Travis Kalanick In Open Letter To Employees
An anonymous reader quotes a report from Gizmodo: Benchmark Capital, one of Uber's largest investors, is trying to explain its legal feud with former CEO Travis Kalanick to the ride-sharing company's employees. Benchmark sued Kalanick for fraud last week, adding another controversy to the company's already disastrous summer. In an open letter to Uber employees, Benchmark slammed Kalanick's leadership of the company and said that he was purposely hindering the board's search for a replacement CEO. The firm also criticized Uber's slow response to the report compiled by Eric Holder and Tammy Albarran on harassment within Uber, and the stagnant search for a chief financial officer that has dragged on for more than two years. "It has appeared at times as if the search was being manipulated to deter candidates and create a power vacuum in which Travis could return," the unsigned letter reads. "It's easy to reduce this situation to a battle of personalities. But this isn't about Benchmark versus Travis. It's about ensuring that Uber can reach its full potential as a company. And that will only happen if we get rid of the roadblocks and distractions that have plagued Uber, and its board, for far too long," Benchmark wrote in its letter. "Failing to act would have meant endorsing behavior that was utterly unacceptable in any company, let alone a company of Uber's size and importance." Kalanick has responded to Benchmark through a spokesperson via The New York Times: "Like many shareholders, I am disappointed and baffled by Benchmark's hostile actions, which clearly are not in the best interests of Uber and its employees on whose behalf they claim to be acting. Since 2009, building Uber into a great company has been my passion and obsession. I continue to work tirelessly with the board to identify and hire the best CEO to guide Uber into its next phase of growth and ensure its continued success."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/N3nBXhEZjdg/uber-investors-slam-travis-kalanick-in-open-letter-to-employees
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