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Bill Gurley Is Leaving Uber’s Board

(www.nytimes.com)
198 points 101carl | 4 comments | 22 Jun 17 00:23 UTC | HN request time: 0.001s | source
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fnbr ◴[22 Jun 17 01:25 UTC] No.14609459[source]▶
I'm unsurprised. Kalanick has enough support on the board that I'd imagine they'd make it uncomfortable for Gurley to stay. The whole situation is fascinating as it has shown how important the soft power board members hold is. Strictly speaking, no one can force Kalanick or Gurley out, but out they are.
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1. sumedh ◴[22 Jun 17 01:54 UTC] No.14609569[source]▶
The reason they were fired was because this whole mess got a lot of publicity. If there was no publicity, nothing would have happened.

Ask Warren Buffett even he complains board members dont do much work they just blindly follow what the CEO says.

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2. draw_down ◴[22 Jun 17 02:57 UTC] No.14609818[source]▶
Maybe. There are also a couple lawsuits in the mix, and the harassment issue was a lot more than just press.
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3. fnbr ◴[22 Jun 17 04:38 UTC] No.14610161[source]▶
Yup. The Holder report seems scathing, too, from what little we've seen. I would think that everything we've seen would have lead to a significant down round if Kalanick hadn't resigned (we still probably will). Given Uber's lack of profits & burn rate, a down round could send them into a death spiral.
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4. malandrew ◴[22 Jun 17 23:55 UTC] No.14616177{3}[source]▶
All that we've seen is a list of recommendations. How did you go from a list of recommendations with no explanation as to how each recommendation was arrived at to "seems scathing"?