Uber investor resigns from board following sexist remark
Screengrab via YouTube
David Bonderman, chairman and founding partner of private equity giant TPG Capital, has resigned from Uber's board of directors following a sexist remark he made during a company meeting, as first reported by the NY Times and confirmed by Axios.
What happened: Bonderman was at Uber's headquarters on Tuesday morning, along with other board members and executives to present the findings of a months-long investigation into the company's workplace issues—including gender discrimination.
"Actually, what it shows is that it's much more likely to be more talking," Bonderman said to fellow board member Arianna Huffington as she was telling employees that having a female director has been shown to lead to the addition to more women.
What's next: Uber and TPG are currently in discussions about whether to replace Bonderman on the board with someone else from the TPG, according to a source familiar with the situation. One possibility could be TPG partner David Trujillo, who sourced the firm's original investment.
Without Bonderman, Uber only has two investor representatives on its board ― Bill Gurley of Benchmark and Yasir Al Rumayyan from Saudi Arabia's Public Investment Fund. An earlier representative from Alphabet, which invested via its Google Ventures affiliate at the same time as TPG, left last year amid increasing conflicts between the two companies.
Here's Bonderman's full statement: