Travis Kalanick fills two remaining Uber board seats
Travis Kalanick said Friday that he's appointing to Uber's board Ursula Burns, former CEO of Xerox, and John Thain, former CEO of CIT Group, Merrill Lynch, and the NYSE.
Why it matters: This is a power struggle coming in the midst of the arbitration against Benchmark Capital, which has been going on behind closed doors since late August. Although historically these seats have remained empty, they're at the heart of that dispute since Benchmark doesn't think they should exist. Plus, the sticking point for a major investment from Softbank is governance, and these seats are directly related to that as well.