Uber’s Board is Thinking About Stripping Travis Kalanick of His Power

  • After Travis Kalanick appointed two members to the board without consulting other board members, the board is reportedly thinking of stripping Kalanick of his power
  • The moves come before the board is expected to vote on board reforms and whether or not to pursue $10 billion of funding from Softbank
  • The two board seats that Kalanick appointed were filled by former Merrill Lynch CEO John Thain and former Xerox CEO Ursula Burns
  • CEO Dara Khosrowshahi mentioned that he was disappointed with the approval of the board members without consulting him or other board members