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by beager
3385 days ago
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I agree with respect to the behavior of boards, but the public relations imbroglio could prompt a more rash action. Interim executives could perform his duties for 3-6 months. I believe that. To me, that the perception of Uber as a toxic company has not abated indicates that, even if the board and investors have tried to ameliorate the situation, they have little control over Kalanick. I'd be fairly upset to see my return hang in the balance over something like that, but I suppose your return is always hanging in the balance over something. If I were an investor in Uber I would be more concerned about the Waymo/Otto business. If some injunction comes down with that, a huge amount of the value of Uber could evaporate. If their self-driving business stays on course and they oust Kalanick, I'm reasonably certain that they can deliver on a large portion of their valuation. |
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