Mike Isaac’s Super Pumped (p. 131) describes Kalanick’s effort to reduce rights of investors:
Private companies aren’t obligated to make their internal statistics public, but investors with a significant ownership stake are generally given insight into the company’s financials. Kalanick, however, over time stripped some major investors of all “information rights,” and limited the degree of detail offered to others.
Isaac (p. 342) explains Kalanick’s response when investors demanded more information:
“So sue me,” he told [the investor]. “What’s your rep going to be in this industry if you sue your own company?”