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Kalanick

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Business & Lifestyle

Report: Uber selects Expedia CEO Dara Khosrowshahi as new chief executive

SAN FRANCISCO (Heartland Newsfeed) -- Uber has selected Expedia Inc. chief executive officer Dara Khosrowshahi as the company's new CEO, according to a report released Sunday night by Recode. Earlier in the day, General Electric chairman Jeff Inmelt dropped out of the running for the position and Hewlett Packard Enterprise Co. CEO Meg Whitman had expressed she was not interested in the job following speaking to the board of directors Saturday. Khosrowshahi was the unnamed third candidate, according to the […]

todayAugust 27, 2017 20

Business & Lifestyle

Former Uber CEO Kalanick replies to venture capital firm’s lawsuit

SAN FRANCISCO (UPI) -- Uber co-founder and former CEO Travis Kalanick filed a reply in court to a fraud lawsuit brought by an investor. Legal documents submitted Thursday by Kalanick in Delaware Chancery Court said a lawsuit by Benchmark Capital was initiated "as part of its public and personal attack" on him. Benchmark was an early Uber investor. It sued Kalanick earlier in August, accusing him of fraud, breach of contract and breach of fiduciary duty in his attempt to remain CEO of the […]

todayAugust 18, 2017 16

Business & Lifestyle

Uber investor sues former CEO Kalanick for fraud

SAN FRANCISCO (UPI) -- One of the investors behind the ousting of Travis Kalanick from Uber earlier this summer sued the former CEO on allegations of fraud Thursday. Benchmark Capital Partners, one of the largest shareholders in the ride-hailing service, filed the lawsuit in Delaware Chancery Court. It accused Kalanick of breaching his fiduciary duty and contractural obligations by loading up Uber's board with friends. Though Kalanick resigned as CEO in June, he remains on the company's board. The lawsuit says Kalanick stacked the […]

todayAugust 10, 2017 3

Business & Lifestyle

Uber CEO Travis Kalanick resigns after series of scandals

Ray Downs United Press International SAN FRANCISCO (UPI) -- Uber founder Travis Kalanick has resigned as the company's chief executive officer after months of scandal saw investors lose faith in the controversial tech mogul. The sudden departure comes after investors in the multi-billion dollar ride-sharing app demanded the resignation of Kalanick, who then agreed to step down. "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request […]

todayJune 21, 2017 30

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