Uber's ex-CEO to sell nearly a third of his stake in the company
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 of Uber's shares for about $1.4 billion after leaving the company last year following a series of scandals . Meanwhile, new CEO Dara Khosrowshahi can focus on things like the case vs. Waymo over self-driving technology. Source: Bloomberg , Reuters via Engadget RSS Feed "http://ift.tt/2m1Rl1O"