Investors Call for Uber to Increase Driver Pay Transparency
Uber has faced backlash from shareholders over its handling of certain personnel matters, most notably the resignation of chief legal officer Tony West earlier this year. Shareholders are now calling for a resolution that would require the company to disclose more information about how it investigates and addresses allegations of employee misconduct.
The resolution is set to be voted on at Uber’s annual meeting next week, but the company may attempt to block the vote through a “no-action” filing with the Securities and Exchange Commission (SEC). This filing would prevent shareholders from having the opportunity to vote on the resolution.
The SEC will have the final say on whether Uber can block the resolution or if it must go to a shareholder vote. If the resolution does go to a vote, it could signal a growing demand from shareholders for more transparency and accountability from Uber’s leadership.
As the situation continues to unfold, it will be interesting to see how Uber and the SEC handle this important issue and what it could mean for the future of shareholder activism in the tech industry. Stay tuned for updates as the story develops.
