Uber Technologies Inc director David Bonderman on Tuesday said that he has resigned from the company’s board following a remark he made during a staff meeting that was widely seen as offensive to women.
Bonderman’s ill-timed remark came during an all-staff meeting on Tuesday to discuss how the ride-services company plans to transform itself following a probe into sexual harassment at the company.
Bonderman said in a statement sent to reporters that he did not want his comments to create a distraction for Uber, which is working to rid its culture of sexual harassment and discrimination.
Photo: Reuters
His resignation from the board was to be effective from yesterday morning.
During the meeting, Uber board member Arianna Huffington spoke to employees about the importance of adding more women to the board of directors.
“There’s a lot of data that shows when there’s one woman on the board, it’s much more likely that there will be a second woman on the board,” Huffington said.
“Actually, what it shows is that it’s much more likely to be more talking,” Bonderman said.
The comment was disclosed through a recording of the meeting that was published by Yahoo.
An Uber spokesman verified the authenticity and accuracy of the recording.
Bonderman, who is a founder of private equity firm TPG Capital LLP, an Uber investor, shortly after wrote an e-mail to Uber staff to apologize.
In his resignation statement that followed in the evening, Bonderman reiterated his regret, calling his remarks “careless, inappropriate and inexcusable” and “the opposite of what I intended.”
“I take full responsibility for that,” he said. “I need to hold myself to the same standards that we’re asking Uber to adopt.”
Bonderman and other board members had joined the staff meeting to lay out recommendations from an investigation into sexual harassment, diversity, inclusion and other employee concerns led by former US attorney general Eric Holder.
Holder's recommendations, which were unanimously adopted by the board on Sunday, call for reducing Uber chief executive Travis Kalanick's sweeping authority at the firm, and instituting more controls over spending, human resources and the behavior of managers.
Shares of contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) came under pressure yesterday after a report that Apple Inc is looking to shift some orders from the Taiwanese company to Intel Corp. TSMC shares fell NT$55, or 2.4 percent, to close at NT$2,235 on the local main board, Taiwan Stock Exchange data showed. Despite the losses, TSMC is expected to continue to benefit from sound fundamentals, as it maintains a lead over its peers in high-end process development, analysts said. “The selling was a knee-jerk reaction to an Intel-Apple report over the weekend,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to remain Apple Inc’s primary chip manufacturing partner despite reports that Apple could shift some orders to Intel Corp, industry experts said yesterday. The comments came after The Wall Street Journal reported on Friday that Apple and Intel had reached a preliminary agreement following more than a year of negotiations for Intel to manufacture some chips for Apple devices. Taiwan Institute of Economic Research (台灣經濟研究院) economist Arisa Liu (劉佩真) said TSMC’s advanced packaging technologies, including integrated fan-out and chip-on-wafer-on-substrate, remain critical to the performance of Apple’s A-series and M-series chips. She said Intel and Samsung
TRANSITION: With the closure, the company would reorganize its Taiwanese unit to a sales and service-focused model, Bridgestone said Bridgestone Corp yesterday announced it would cease manufacturing operations at its tire plant in Hsinchu County’s Hukou Township (湖口), affecting more than 500 workers. Bridgestone Taiwan Co (台灣普利司通) said in a statement that the decision was based on the Tokyo-based tire maker’s adjustments to its global operational strategy and long-term market development considerations. The Taiwanese unit would be reorganized as part of the closure, effective yesterday, and all related production activities would be concluded, the statement said. Under the plan, Bridgestone would continue to deepen its presence in the Taiwanese market, while transitioning to a sales and service-focused business model, it added. The Hsinchu
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has approved a capital budget of US$31.28 billion for production expansion to meet long-term development needs during the artificial intelligence (AI) boom. The company’s board meeting yesterday approved the capital appropriation plan for purposes such as the installation of advanced technology capacity and fab construction, the world’s largest contract chipmaker said in a statement. At an earnings conference last month, TSMC forecast that its capital expenditure for this year would be at the higher end of the US$52 billion to US$56 billion range it forecast in January in response to robust demand for 5G, AI and