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0 pointseridius8y ago0 comments

> Employees must follow the “instructions of Travis Kalanick,” according to the buyback agreement, “with respect to any and all matters” that are submitted to a shareholder vote.

Wow. I knew about the super-shares, but giving Travis (not even Uber's CEO but Travis personally!) control over the voting rights of any employee who sells any of their stock back to the company seems pretty fucked up. Is this done at any other company?

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mcguire8y ago

I think the answer to that is, not if they want to be part of the S&P 500.

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