Uber Technologies Inc.’s board is bracing for a contentious battle over voting control after two investors threatened legal action ahead of a planned vote Tuesday that could upend the board and diminish the power of some of the company’s earliest shareholders. On Monday, two investors sent a letter to several board members—co-founder and former CEO Travis Kalanick, co-founder and Chairman Garrett Camp, and early employee Ryan Graves—urging them to vote against a proposal that would strip certain investors of their so-called...
Source: Wall Street Journal October 02, 2017 18:56 UTC