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Benchmark Capital sues former Uber CEO Kalanick: Axios

August 10, 2017 (Reuters) – Venture capital firm Benchmark Capital is suing former Uber Chief Executive Travis Kalanick for fraud, breach of contract and breach of fiduciary duty, news website Axios reported on Thursday. Benchmark’s suit involves a decision in 2016 to expand Uber’s board of voting directors from eight to 11, with Kalanick having the sole right to designate those seats, according to the report, citing a complaint filed in the Delaware Chancery Court. (http://bit.ly/2vrf8M0) Benchmark, an early investor in Uber, said that it never would have given Kalanick…

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Twitter CEO forgoes compensation; long-time board member to leave

April 7, 2017 (Reuters) – Twitter Inc’s chief executive, Jack Dorsey, continued to forego direct compensation and Peter Fenton, a board member since 2009, will leave after the company’s annual meet in May, a regulatory filing showed on Friday. Fenton, who is a partner at venture capital firm Benchmark Capital, will not seek re-election after his term expires, the microblogging site said in the filing. CEO Jack Dorsey’s 2016 total compensation, which excluded salary, bonus and stock and option awards, was $56,551 in 2016, compared with $68,506 in 2015, according…

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