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Ousted Wynn Resorts CEO Steve Wynn is suing a former employee who accused him of sexual misconduct. He says Jorgen Nielsen, a former artistic director at the Wynn Las Vegas salon, made “false and defamatory” statements to the Wall Street Journal and ABC News. The scandal ultimately led to Wynn’s resignation in February. (Reuters) – Steve […]
Enlarge / Mark Karpeles, former chief executive officer of Mt. Gox, departs following a news conference in Tokyo, Japan, on Tuesday, July 11, 2017. (credit: Akio Kon/Bloomberg via Getty Images) This week, Bitcoin’s most despised man subjected himself to the Internet equivalent of a den of vipers: Reddit. In a surprising post, entitled “I’m Mark […]
Uber’s big investment deal with SoftBank may place some limits on power held by co-founder and ex-CEO Travis Kalanick, but it will reportedly put a significant amount of cash in his pocket. Bloomberg and Reuters report that according to anonymous sources, Kalanick will reduce his stake in the company by a third, selling 2.9 percent […]
Enlarge / SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017. Son has spearheaded the new round of investment in Uber. On Sunday, Uber’s board of directors formalized a new arrangement that enables SoftBank and the Dragoneer Investment Group to purchase at least 14 percent of […]
When Uber founder and CEO Travis Kalanick stepped down in June, he retained his ownership stake in the company and seat on its board of directors. That made things awkward throughout the company’s search for a new CEO, and has initiated a lawsuit from Uber’s largest shareholder, Benchmark Capital. Now, the ex-CEO has suddenly appointed […]
Enlarge / Shervin Pishevar speaking at the 2016 TechCrunch conference in San Francisco. Pishevar wrote a letter to Uber’s board urging Benchmark Capital to drop its lawsuit against ex-CEO Travis Kalanick. (credit: Photo by Steve Jennings/Getty Images for TechCrunch) Uber’s ex-CEO Travis Kalanick is under fire, but he’s hardly out of supporters. Kalanick, who resigned in […]
Enlarge / Travis Kalanick, one of Uber’s co-founders, seen here in 2013. (credit: Fortune Live Media / Flickr) Travis Kalanick, the recently removed CEO of Uber, has been sued by a group of investors that has accused him of “gross mismanagement and misconduct” during his tenure. Benchmark Capital Partners, which currently holds 13 percent of […]
