Uber chaos continues as investors go head to head

By Zac Estrada

The morning after one of Uber’s biggest investors sued former CEO Travis Kalanick for fraud, a set of other investors said they wanted that investor out, marking another wild turn for the company’s leadership.

Shervin Pishevar, joined by Ron Burkle of Yucaipa Companies and Adam Leber of Maverick, sent an email on Friday to Uber investors and leaders requesting that venture capital firm Benchmark Capital give up its board seat and appointment rights because of the complaint alleging Kalanick of gross mismanagement and other misconduct at the embattled San Francisco company.

The group of shareholders, led by Pishevar, want Benchmark’s board representative to step down and the firm to divest at least 75 percent of its shares in order to…

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Darby’s News: Uber chaos continues as investors go head to head