Uber board member David Bonderman has resigned after making sexist comments at a staff meeting that was held following an investigation into sexual harassment at the ride sharing company.
Bonderman's resignation was announced on Tuesday, June 13, 2017, and is effective as of Wednesday morning, CNBC reported.
Bonderman directed a comment at fellow Uber board member Arianna Huffington regarding Uber's female board members talking too much, CNBC said, citing a leaked recording of the incident. At the moment there are only two women on Uber's board.
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What's Hot on TheStreet
Amazon car dealer talk won't go away: This news continues to spread around the globe, probably sparking fear in the minds of all used car sales people. As TheStreet reported this week, Amazon AMZN has reportedly taken early steps to become an online car dealership in Europe, this according to a German trade weekly called Automobilwoche. The German newspaper cites Christoph Moeller, an industry specialist, as saying he has been placed in charge of the company's European business with car makers. Amazon is said to be planning to run that business out of Luxembourg and is eyeing the U.K. as its possible first market.
Step aside Starbucks: Panera Bread (PNRA) continues to impress on so many fronts. On Tuesday, Panera Bread announced that it has exceeded $1 billion in digital sales. TheStreet reports that the "Amazonization" of fast food continues.
Apple and cars: TheStreet dives deep into Apple's (AAPL - Get Report) car ambitions. To be sure, this is a story that is only just starting to play out. Companies from Ford F to Uber should be closely planning for Apple's aggression in the auto space over the next five years.
About Uber: Uber's investors continue to back the embattled ride-sharing company, according to TheStreet's sources.