Since then, Benchmark and Mr. Kalanick have warred over how much control of Uber he retains. Mr. Kalanick had spent much of the past week pushing back on some of the corporate governance proposals. Others, including Mr. Kalanick and Mr. Thain, attended in person. Mr. Kalanick holds about a third of Uber’s Class B common stock, which originally came with 10-to-one voting power. Yet even as Uber’s board was able to come to an agreement on Tuesday, some shareholders took issue with losing their outsize voting rights.

Source: New York Times October 03, 2017 22:38 UTC