CtW Investment Group has written a letter to DoorDash (NYSE: DASH) shareholders asking them to reject the reelection of Tony Xu to the DoorDash board of directors.
Xu is the co-founder, chairman and CEO of DoorDash and the only board member up for reelection during the company’s upcoming shareholder meeting, set for June 22.
“As a recently IPOed company, DoorDash has failed to provide a governance framework that holds its board accountable to all its shareholders,” the letter stated. “DoorDash’s...
https://www.freightwaves.com/news/activist-investor-group-takes-aim-at-doordash-ceo-tony-xu