Kalanick calls Uber investor charges “public & personal”
Uber hits the headline yet again. Read on!
Former CEO Travis Kalanick hits back at venture capital firm Benchmark Capital. In a lawsuit filed against Kalanick, Benchmark argues that Kalanick was trying to hide his misdeeds from the board. This included allegations of trade-secret theft involving autonomous car technology and misconduct in handling a rape committed by an Uber driver in India.
Here are the salient points bulleted:
-Kalanick calls the law suit filed against him as “public and personal attack”
-Benchmark controls 20 per cent of the voting power in Uber. It sued Kalanick last week to force him off the board, where he still holds a seat
-Kalanick argued that Benchmark’s legal action was only a small part portrayed. The more was yet to come.
-Benchmark says it was “fraudulently induced” and wants that Kalanick should give up the demands of the extra seats he is carrying
-Benchmark backed Uber first in 2011 investing $12 million
Uber has seen tough times in the recent past, do you think it would be able to restore its brand image once again?
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