Benchmark Sues to Kick Kalanick Off Uber's Board

The transcript discusses a lawsuit filed by Benchmark against former Uber CEO Travis Kalanick, aiming to remove him from the board. The conflict centers around control over Uber, with board seats and the IPO process at stake. Despite Kalanick owning a significant share, the lawsuit does not affect his ownership. The relationship between Uber's major investors, Benchmark and Kalanick, has deteriorated, highlighting misaligned interests and a power struggle within the company.

What is the primary reason Benchmark is suing Travis Kalanick?

• To push for an immediate IPO

• To remove him from the CEO position

• To acquire more shares in Uber

• To gain control over Uber's board

How many board seats are at the center of the dispute between Benchmark and Kalanick?

• One

• Four

• Three

• Two

What is the main disagreement between Kalanick and Benchmark regarding Uber's IPO?

• The valuation of Uber

• The location of the IPO

• The choice of investment banks

• The timing of the IPO

What percentage of Uber's shares does Travis Kalanick own?

• 5%

• 10%

• 15%

• 20%

What has been a significant factor in the souring relationship between Benchmark and Kalanick?

• Personal disputes unrelated to business

• Differences in long-term vision for Uber

• Conflicts over board seat allocations

• Disagreements over Uber's marketing strategy