Wow. Is there any precedent for this? Where the board is at war and the investors mail the employees? They must be utterly desperate for a fire sale IPO at this point. How is something like this not meant to spook other investors, employees and potential CEOs?
I do wonder if Travis is miffed at his ousting. Probably. But is he willing to burn the company to the ground in response? He must be a significant shareholder in Uber and obviously is still a board member.
The lawsuit by Benchmark alleging fraud was one level of desperation. I mean Becnhmark gave Travis the power to fill those board seats and now they have buyer's remorse? You get no sympathy from me.
This does raise obvious questions about what the lawsuit will reveal.
I do wonder if Travis is miffed at his ousting. Probably. But is he willing to burn the company to the ground in response? He must be a significant shareholder in Uber and obviously is still a board member.
The lawsuit by Benchmark alleging fraud was one level of desperation. I mean Becnhmark gave Travis the power to fill those board seats and now they have buyer's remorse? You get no sympathy from me.
This does raise obvious questions about what the lawsuit will reveal.