1. Articles from beckpeterson

    1-16 of 16
    1. Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO

      Uber's First Employee and one of Travis Kalanick's Last Allies has left the Company's Board just 2 weeks after IPO
      • Ryan Graves, Uber employee number 1 and its former CEO, is leaving Uber's board of directors, the company said in a filing Friday.
      • It's unclear why Graves is leaving the board. The company said in its filing that the departure is not related to any disagreements.
      • Graves' resignation comes just two weeks after Uber went public. Graves' personal stake in the company is valued around $1.4 billion...
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      Mentions: SEC IPO Uber
    2. Uber Wanted to IPO with a $120 Billion Valuation But Ran Into Trouble When Some of its Biggest Shareholders Held Out for a Lower Price

      Uber Wanted to IPO with a $120 Billion Valuation But Ran Into Trouble When Some of its Biggest Shareholders Held Out for a Lower Price
      • Uber wanted to go public with the $120 billion valuation pitched by bankers at Morgan Stanley and Goldman Sachs ahead of its initial public offering, but the company ultimately listed with a $75.5 billion market cap.
      • One reason is that institutional investors, many who privately owned Uber stock, didn't want to buy more shares at the higher price, according to The New York Times...
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    3. Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave

      Pinterest’s IPO Structure Could Give CEO Ben Silbermann the Right to Control the Company from Beyond the Grave
      • Pinterest's S-1, publicly filed on Friday, revealed a unique share structure.
      • The company has dual-class shares, which give some shareholders, like founding CEO Ben Silbermann, greater voting powers than other investors.
      • But the structure also gives Silbermann's estate the ability to retain its extra voting superpowers for between 90 days and 540 days after his death.

      Silicon Valley's power players are already preparing for the grim spectre of mortality...

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    4. Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable

      Hot Video Meeting Startup Zoom Filed to Go Public, and it's Profitable
      • Zoom, the $1 billion video conferencing startup, publicly filed for an IPO on Friday.
      • The company didn't price its upcoming IPO, but indicated in the filing that it will list on the Nasdaq under the ticker symbol "ZM."
      • The company is profitable, and grew revenue 118% in fiscal 2019.
      • Zoom was last privately valued at $1 billion or more...
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      Mentions: IPO Cisco Uber
    5. Uber, Lyft, China and More — Top Tech Investment Bankers Share Their Biggest Hopes and Fears for IPOs in 2019

      Uber, Lyft, China and More — Top Tech Investment Bankers Share Their Biggest Hopes and Fears for IPOs in 2019
      • Market volatility at the end of 2018 put a pause on the IPO pipeline, but tech investment bankers expect the deals to flow at the turn of the calendar year.
      • With a long list of marquee names like Uber and Lyft, IPOs in 2019 could set new records in terms of valuation and exits for Silicon Valley venture capitalists.
      • But VCs aren't the only ones set to win. Bankers expect to see private equity firms try their hands at tapping the public markets, as well...
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    6. Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO

      Airbnb Poaches Amazon Exec as its New CFO as the $31 Billion Startup Preps for IPO
      • Airbnb, which is poised to go public in the second half of 2019, has a new chief financial officer.
      • Dave Stephenson joined Airbnb after 17 years at Amazon.
      • He replaces Laurence Tosi, who left the CFO role in February after reportedly disagreeing with CEO Brian Chesky over the future of the company.

      Airbnb has a new chief financial officer, the company announced Monday...

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    7. Thoma Bravo, Apttus's New Owner, Turns to Damage Control with Partners like Salesforce and Faces Questions Over an Exec’s $26 Million 'Parachute Package'

      Thoma Bravo, Apttus's New Owner, Turns to Damage Control with Partners like Salesforce and Faces Questions Over an Exec’s $26 Million 'Parachute Package'
      • Apttus is scrambling to calm employees and partners following allegations of misconduct by its former CEO.
      • David Murphy, the chairman and interim CEO, told staff on Monday that he had to address the concerns with people like Salesforce CEO Marc Benioff.
      • But now employees have a new concern: a potential parachute package worth $26.5 million for Apttus' chief operating officer, who is himself a contentious figure at the company...
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    8. Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)

      Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL)
      • Wall Street analysts had a bone to pick with Oracle in notes to their clients published Tuesday, following mixed results in Oracle's first quarter FY2019 earnings on Monday.
      • Goldman Sachs lowered its price target for the database giant, while others questioned whether management is up to the task of reigniting growth.
      • Oracle reported revenue growth of just 1% year-over-year, leaving some on Wall Street feeling that transformation at the company "continues to take longer than hoped."...
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    9. The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm

      The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm
      • Mozido founder Michael Liberty has been charged with allegedly scheming to defraud investors and misappropriating funds, according to the Securities and Exchange Commission.
      • Liberty, along with his wife and several associates, allegedly raised $55 million from investors using fictitious financial information and shell companies...
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      Mentions: Investors SEC Hess
    10. Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank

      Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank
      • Paul Jacobs, the recent chairman of Qualcomm is looking to buyout the company, according to the Financial Times.
      • This news comes four days after President Trump blocked Qualcomm's acquisition by Broadcom on the grounds of national security. Broadcom officially withdrew its offer on Wednesday.
      • Jacobs has spoken with several global investors about acquiring the company, including SoftBank...
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    11. A Dell and VMware Merger is a 'Worst Case Scenario' for Shareholders

      A Dell and VMware Merger is a 'Worst Case Scenario' for Shareholders
      • Analysts at Morgan Stanley warned in a note Monday that a reverse merger between Dell and VMware is a "worst case scenario" for VMware shareholders.
      • Analysts said a merger could devalue VMware by as much as $28 billion. This also leads them to believe that a merger is unlikely, according to the note.
      • VMware confirmed in early February that Dell is considering a reverse merger with the publicly-traded company, as a means of going public itself...
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      Mentions: IPO Merger risk
    12. Apple CEO Tim Cook Made $12.8 Million in 2017 — a 46% Raise From Last Year

      Apple CEO Tim Cook Made $12.8 Million in 2017 — a 46% Raise From Last Year

      Apple CEO Tim Cook got a big bonus in 2017, thanks to major gains in Apple's stock price from the year before. Cook made a total of $12,825,066 this year, up from $8,747,719 in 2016. Over all, Apple's top executives got 155.5% of their performance-based bonus. Last year, they only saw 89.5% of that bonus...

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    13. Oracle's Board will Unanimously Reject a Shareholder Request for a Gender Pay Gap Audit

      Oracle's Board will Unanimously Reject a Shareholder Request for a Gender Pay Gap Audit

      Et tu, Safra?

      When Oracle meets for its annual shareholder meeting on November 17, the board of directors will vote to reject a shareholder proposal requesting that the company do a payroll audit to check for a gender pay gap.

      In a filing with the Security and Exchange Commission on Thursday, the board — made up of nine men and three women — indicated that it would reject the proposal unanimously...

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      Mentions: Google Amazon Cisco
    14. Two Uber investors are Demanding Documents that they think Prove that Benchmark Capital was out to sabotage Travis Kalanick

      Two Uber investors are Demanding Documents that they think Prove that Benchmark Capital was out to sabotage Travis Kalanick

      Two of Uber's stockholders are demanding access to Uber's books in an effort to prove that Benchmark Capital leaked confidential information about Uber in order to take control over the company.

      Lawyers representing investors Shervin Pishevar and Stephen Russell sent a letter to the Uber Board on Thursday which invoked Rule 220 — a Delaware corporate law that gives individual stockholders the right to inspect corporate books...

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    1-16 of 16
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    Two Uber investors are Demanding Documents that they think Prove that Benchmark Capital was out to sabotage Travis Kalanick Larry Ellison won’t get paid any more Equity Unless he gets Oracle’s Stock up to $80 Oracle's Board will Unanimously Reject a Shareholder Request for a Gender Pay Gap Audit Apple CEO Tim Cook Made $12.8 Million in 2017 — a 46% Raise From Last Year A Dell and VMware Merger is a 'Worst Case Scenario' for Shareholders Qualcomm's Ex-Chairman is Trying to Buy the Company with Help From Investors at SoftBank The SEC is Accusing a Startup Founder of Stealing $48 Million from Investors to Fund Private Jets and a Dairy Cow Farm Oracle only grew 1% last quarter, and Wall Street is starting to question whether management is up to the job (ORCL) Thoma Bravo, Apttus's New Owner, Turns to Damage Control with Partners like Salesforce and Faces Questions Over an Exec’s $26 Million 'Parachute Package' Uber, Lyft, China and More — Top Tech Investment Bankers Share Their Biggest Hopes and Fears for IPOs in 2019 Elon Musk Says He's Low on Cash. He Could be Right — and it Shows how Complicated CEO Compensation Has Become. American Software, Inc. Adds to Board of Directors