Seven of Uber’s nine board members hold so-called super-voting shares, allowing them to have a stronger say in the board room. Because Mr. Kalanick and a handful of close allies hold a majority of these shares, the chief executive’s position has remained safe through months of controversy. Other board members with super-voting shares, like Arianna Huffington, are also supportive of Mr. Kalanick. Outside investors are also nervous about the string of scandals, and have called board members directly about their concerns. All of the board members agree that significant changes are needed, but what those changes should be is the question.
Source: New York Times June 11, 2017 14:48 UTC