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Uber Investors Slam Travis Kalanick in Open Letter to Employees UpdatedBenchmark Capital, one of Ubers largest investors, is trying to explain its legal feud with former CEO Travis Kalanick to the ride sharing companys employees. Benchmark sued Kalanick for fraud last week, adding another controversy to the companys already disastrous summer. In an open letter to Uber employees, Benchmark slammed Kalanicks leadership of the company and said that he was purposely hindering the boards search for a replacement CEO. The firm also criticized Ubers slow response to the a report compiled by Eric Holder and Tammy Albarrn on harassment within Uber, and the stagnant search for a chief financial officer that has dragged on for more than two years. It has appeared at times as if the search was being manipulated to deter candidates and create a power vacuum in which Travis could return, the unsigned letter reads. Other Uber shareholders led by Shervin Pishevar of Sherpa Capital have vehemently opposed Benchmarks lawsuit. Pishevar and his supporters have argued that Benchmarks actions are destroying the value of their investments in Uber. Benchmarks lawsuit aims to force Kalanick off the board of the company he founded. Its easy to reduce this situation to a battle of personalities. Ap Transport License Status. But this isnt about Benchmark versus Travis. Its about ensuring that Uber can reach its full potential as a company. And that will only happen if we get rid of the roadblocks and distractions that have plagued Uber, and its board, for far too long, Benchmark wrote in its letter. Failing to act would have meant endorsing behavior that was utterly unacceptable in any company, let alone a company of Ubers size and importance. Benchmarks letter also makes reference to the allegations contained in the Holder report, which have yet to become public. Benchmark says that Uber has yet to start working on some of the recommendations laid out in the report, including coming up with new cultural values for the company. To describe it as hard hitting would be an understatement, Benchmark wrote. Gizmodo reached out to Uber and Pishevar for comment and will update with their responses. Update 81. 4 at 3 4. Kalanick has responded to Benchmark through a spokesperson. Heres his statement given to the New York Times Like many shareholders, I am disappointed and baffled by Benchmarks hostile actions, which clearly are not in the best interests of Uber and its employees on whose behalf they claim to be acting. Since 2. 00. 9, building Uber into a great company has been my passion and obsession. I continue to work tirelessly with the board to identify and hire the best CEO to guide Uber into its next phase of growth and ensure its continued success. Update 81. 4 at 5 3. Gifs Para Download. I loved the work as a whole But chapter 2 I thought there would be a limit to how good something could be, but Gsenjou no Maou proved me wrong. Equifax, the major credit reporting agency which collected extensive financial data on hundreds of millions of Americans before losing said data on 143 million of. When youre looking for a place to live, its hard not to be enticed by offers for a free month of rent, gift cards, and other renting concessions. But those. The biggest names from the Marvel Universe are ready to battleBattle of Yalu River 1894 Part of the First SinoJapanese War Battle of the Yellow Sea by Korechika. Nick Douglas. Staff Writer, Lifehacker Nick has been writing online for 11 years at sites like Urlesque, Gawker, the Daily Dot, and Slacktory. Mitthrawnuruodo, more commonly known as Thrawn, was a Chiss male who served as a member of the. The Battle of Maiwand on 27 July 1880 was one of the principal battles of the Second AngloAfghan War. Under the leadership of Ayub Khan, the Afghans defeated a much. Shoddy Battle Download Free' title='Shoddy Battle Download Free' />Shirogane Takeru is a typical high school student with a lazy attitude and a love for the virtual reality mecha battle game Valgernon. Even though he didnt really. An Uber spokesperson told Gizmodo that the company is on track to fulfill the recommendations of the HolderAlbarrn report on time, and isnt lagging behind as the Benchmark letter suggested. Uber has rolled out a feedback tool for employees to submit suggestions for new cultural values and, once it gets a new CEO, that person will be in position to implement them. Changes to Ubers performance review process are also underway.