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Uber is being urged to dump former Merrill Lynch CEO John Thain

May 02, 2019 - CNN

NEW YORK (CNN Business) -- Uber is being pressured to strengthen its board of directors before its blockbuster IPO by dumping former Merrill Lynch CEO John Thain.

Thain currently chairs Uber's audit committee, putting him in charge of oversight of the company's financial reporting, legal compliance and corporate governance.

CtW Investment Group, an adviser to pension funds, says it is concerned about Thain because of his role in the 2008 financial crisis. It also criticized his "clo...