Aashrey Kapoor

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If everything went sideways, the syndicate had a secret weapon. The lawyers discovered a flaw in Uber’s company charter. Currently, the group all held a significant amount of Class B stock, classified as “supervoting shares,” which carried ten votes per every one share they held. But if the syndicate deployed its “nuclear option,” it could force everyone to convert all supervoting “Class B” shares to Class A shares, which carried only one vote per share. While that would severely curtail Benchmark’s supervoting power, it would also rein in Kalanick’s supervoting power as well. The result would ...more
Super Pumped: The Battle for Uber
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