{"id":642429,"date":"2017-08-14T04:09:33","date_gmt":"2017-08-14T04:09:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/"},"modified":"2017-08-14T04:09:33","modified_gmt":"2017-08-14T04:09:33","slug":"uber-board-fighting-getting-nasty","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/","title":{"rendered":"Uber board fighting getting nasty"},"content":{"rendered":"<p><strong>Uber board fighting getting nasty: <\/strong>A group of minority shareholders in Uber delivered a petition to majority shareholder Benchmark Capital yesterday asking that it sell at least 75% of its stake and step off the board. The petition is the latest act \u201cin a boardroom drama that threatens to tear apart Silicon Valley\u2019s most highly valued private company,\u201d <a href=\"https:\/\/www.ft.com\/content\/6b5901da-7ec5-11e7-9108-edda0bcbc928\">says the Financial Times<\/a>. <a href=\"http:\/\/www.businessinsider.com\/uber-investors-benchmark-capital-board-2017-8\">Business Insider<\/a> also has the story. This comes just a day after Benchmark \u2014 which owns 20% of the ride-hailing service \u2014 filed a lawsuit against former Uber CEO Travis Kalanick for fraud. The rest of the Uber board signed a letter urging the two sides to reconcile quietly. <a href=\"http:\/\/fortune.com\/2017\/08\/11\/benchmark-capital-shocked-shocked-to-discover-kalanicks-flaws\/\">Fortune has more.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uber board fighting getting nasty: A group of minority shareholders in Uber delivered a petition to majority shareholder Benchmark Capital yesterday asking that it sell at least 75% of its stake and step off the board. The petition is the latest act \u201cin a boardroom drama that threatens to tear apart Silicon Valley\u2019s most highly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642429","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"7501d192-6e43-4cbc-8a08-b601dffecd75","order":"0","is_powered_by":true,"section_story_id":"61fc4aaf-66f2-426b-b995-8fde43e1af25","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642407],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uber board fighting getting nasty - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uber board fighting getting nasty\" \/>\n<meta property=\"og:description\" content=\"Uber board fighting getting nasty: A group of minority shareholders in Uber delivered a petition to majority shareholder Benchmark Capital yesterday asking that it sell at least 75% of its stake and step off the board. The petition is the latest act \u201cin a boardroom drama that threatens to tear apart Silicon Valley\u2019s most highly [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-14T04:09:33+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Uber board fighting getting nasty\",\"datePublished\":\"2017-08-14T04:09:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\",\"name\":\"Uber board fighting getting nasty - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-14T04:09:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uber board fighting getting nasty\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Uber board fighting getting nasty - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/","og_locale":"en_US","og_type":"article","og_title":"Uber board fighting getting nasty","og_description":"Uber board fighting getting nasty: A group of minority shareholders in Uber delivered a petition to majority shareholder Benchmark Capital yesterday asking that it sell at least 75% of its stake and step off the board. 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The move comes after five of Uber\u2019s major investors, including Benchmark Capital, wrote him a letter demanding his immediate resignation. His departure will leave the company scrambling to replace senior management including senior VP of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/uber-careem-merger-official-in-egypt-saudi-uae-jordan\/","url_meta":{"origin":642429,"position":2},"title":"Uber-Careem merger official in Egypt, Saudi, UAE, Jordan","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"M&A WATCH- Uber-Careem merger done in Egypt, Saudi, UAE, Jordan: Uber has formally closed its acquisition of Careem in most major markets, including Egypt. The transaction is still pending regulatory approvals to close in Qatar, Pakistan, and Morocco, Uber said in a statement. 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