Here's how Travis Kalanick has allegedly stymied Uber's CEO search, according to an infuriated investor

Business Insider | 6/30/2017 | Julie Bort
brunodeuce44 (Posted by) Level 3
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Travis Kalanick, Uber's former CEO, is actively thwarting the company's search for his replacement, according to a new lawsuit.

The suit, filed by early Uber investor Benchmark Capital, alleges that Kalanick fraudulently gained control of three out of Uber's 11 board seats.

Benchmark - Suit - Kalanick - Board - CEO

Benchmark's suit accuses Kalanick of intending to use the board seats to put himself back in the CEO seat.

Travis Kalanick may have stepped down as Uber's CEO, but he hasn't been sitting around idly since then, according to a new lawsuit.

Company - Search - CEO - Hope - Role

Instead, he's been actively thwarting the company's search for a new CEO in the hope that he will soon regain the role, charged early Uber investor Benchmark Capital in the explosive new suit, which it filed against Kalanick on Thursday.

The suit revolves around a decision last year to increase Uber's board from eight seats to 11, with those additional three seats in the sole control of Kalanick. Benchmark charges that Kalanick got investors to agree to those additional seats only through fraud and has been using his control over them to hamper the company's attempts to hire his replacement.

Kalanick - Suit

Here's how Kalanick's doing that, according to the suit:

When Kalanick resigned, he took one of the three new board seats, while giving up the one that's reserved for the company's CEO, according to the suit. He also agreed...
(Excerpt) Read more at: Business Insider
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