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Uber's Graves To Leave Operations Role Adding to Executive Shakeup
10 August 2017, 11:14 | Cameron Gross
Krales The Verge
Graves steps down from the executive team as the company is still searching for a chief executive, after former CEO Travis Kalanick stepped down. The complaint, which was filed in DE court, accuses Kalanick of "fraud, breach of contract and breach of fiduciary duty".
In a lawsuit filed in DE on Thursday, the San Francisco-based venture capital firm, which holds an Uber board seat, accused Kalanick, the company's co-founder, of engaging in a power play to get himself reinstated as CEO.
Benchmark's lawsuit exemplifies the level of chaos within Uber's ranks as the $69 billion company has continued its search for a new CEO. The firm refers to both sexual harassment at Uber and the lawsuit Uber faces over stealing self-driving technology from Google. This is a reference to the ongoing lawsuit between Uber and Alphabet, the latter accusing the former of stealing its self-driving vehicle secrets.
An Uber spokesman did not immediately respond when asked to confirm the move.
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An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 per cent, led by Toronto-based Yamana Gold Inc. U.S. crude rose 0.69 per cent to US$49.51 per barrel and Brent was last at US$52.66, up 1 per cent on the day.