Hacker News new | ask | show | jobs
by JumpCrisscross 3234 days ago
> Benchmark agreed to let [Kalanick] have permanent control when they invested, if they didn't want that they shouldn't have signed the contract

Invisibly stapled to every contract is the entire corpus of relevant law. Delaware, for instance, protects minority investors from certain categories of abuse. If the claims in this letter are true regarding Kalanick telling Uber's Board that he was going to sign certain voting rights agreements, and then he did not do that, it could be grounds for finding violations per those laws.

Disclaimer: I am not a lawyer. This is not legal nor investment advice.