LEADERSHIP CRISIS
Former Uber boss surprises firm by hiring two directors
San Francisco — Former Uber CEO Travis Kalanick appointed unilaterally on Friday two new members to the board of directors in a surprise move that increased tension within the leadership of the popular ride service. Kalanick, who was pushed to resign in June as head of Uber, which dominates the market for on-demand car rides, retains sizeable voting rights in the privately held company. On Friday, he appointed former Xerox chairman and CEO Ursula Burns and former CEO of CIT Group, Merrill Lynch, and the New York Stock Exchange John Thain to the board. The appointments came ahead of a board vote next week on reducing Kalanick’s voting power, US media reported. "Burns and Thain are two highly accomplished corporate leaders with extensive board experience," Kalanick said. "I am appointing these seats now in light of a recent board proposal to restructure the board and significantly alter the company’s voting rights. "There is no doubt the board will be well-served by their valuable ins...
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