WEFOUNDIn Control: The Board Members' Manual


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Last week, Uber’s board approved rules forbidding board members from contacting Uber employees for information or assistance unless otherwise approved by the board. The decision followed a formal request in the form of a letter to the board from Uber’s management team. The management letter was triggered by Mr. Kalanick’s discussions with former colleagues that alarmed some employees, a person familiar with the matter said.

Mr. Kalanick’s personal shares in Uber give him roughly the same voting power as Benchmark, said a person with knowledge of Uber’s ownership structure. It is unclear how much more voting power Mr. Kalanick has obtained from shareholders who have who ceded it to him in the past, and whether he would receive support from his co-founder Garrett Camp in a potential proxy fight. Ryan Graves, a smaller but still significant Uber shareholder who also sits on the board, has stopped being a reliable ally to Mr. Kalanick, reducing the former CEO’s influence.

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