Obviously, power is a hard thing to let go of.
The same phenomenon has plagued Uber.
Former chief executive officer Travis Kalanick has been engaging in the long good-bye. That has included messing with the configuration of the board of directors.
But, Kalanick might be backing off, some.
Forever, he had pledged never to sell his Uber stock. But, Eric Newcomer at Bloomberg reports, sources indicate that Kalanick plans to sell 29% of his stock.
That move can be very profitable for him. As Newcomer notes:
"Kalanick stands to reap about $1.4 billion from the transaction with Softbank Group Corp. and a consortium of investors who have agreed to buy equity valuing Uber at $48 billion ..."
Could this mean that Kalanick is trading off his vestiges of power for wealth? If that is the situation, then his long good-bye could be on short time.
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