Four days after suing former Uber Chief Executive Travis Kalanick, accusing him of fraud, early Uber investor Benchmark told Uber employees why it resorted to legal action: Kalanick, it said, was getting in the way. “It has appeared at times as if the search [for a CEO] was being manipulated to deter candidates and create a power vacuum in which Travis could return,” the letter said. “A number of people have asked why we took legal action before giving Travis the chance to sign these amendments. It also attempts to bar Kalanick from being involved in the day-to-day operations and decision-making of Uber and its board of directors. tracey.lien@latimes.comTwitter: @traceylienALSOThe start-ups that will help your company avoid becoming the next UberUber shareholder group wants early investor off boardThree things Snap needs to figure out before its next earnings reportUPDATES:3:15 p.m.: This article was updated with comment from Travis Kalanick.
Source: Los Angeles Times August 14, 2017 21:06 UTC