On Tuesday Uber Board of director meeting, investor David Bonderman, a member of Uber’s board, said “Actually, what it shows is that it’s much more likely to be more talking.” according to leaked audio which was published on yahoo .
He was responding to Arianna Huffington’s statement to employees about the importance of adding more women to the board of directors.
Later on same night, David Bonderman announced in a statement that he was resigning from the board, calling his comment “careless, inappropriate and inexcusable.”
Bonderman and other board members had joined for staff meeting to lay out recommendations from an investigation into sexual harassment, diversity, inclusion and other employee concerns led by former U.S. Attorney General Eric Holder.
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He is an American billionaire businessman with $2.5 billion net worth . He is the founding partner of TPG Capital (formerly Texas Pacific Group), and its Asian affiliate, Newbridge Capital.
Bonderman was born in Los Angeles on November 27, 1942 to a Jewish family. He got married to Dr. Laurie Michaels; they have five children, and live in Fort Worth, Texas.
In 2002, for his 60th birthday, Bonderman had The Rolling Stones and John Mellencamp play at his birthday party at The Joint at Hard Rock Hotel and Casino in Las Vegas. John Mellencamp played for an hour, The Rolling Stones played for an hour and a half, and comedian Robin Williams entertained guests between acts. The party cost $7 million, making it one of the most expensive private concerts ever held.
In 2012, for his 70th birthday party, Bonderman held a private concert by former Beatle Paul McCartney at Wynn Las Vegas for 1020 guests. Robin Williams also performed a comedy routine. Bonderman donated $1000 to each guest’s charity of choice.
He was educated at University High School Los Angeles. Later he studied at the University of Washington and at Harvard Law School, where he graduated magna cum laude in 1966 and was a Phi Beta Kappa graduate of the University of Washington in 1963. He was also a member of the Harvard Law Review and a Sheldon Fellow. While at or shortly after his time at Harvard, he traveled to Cairo, Egypt, to study Islamic Legal Jurisprudence and Law, and became proficient in various Islamic legal cliques developing a near-native fluency in Modern Standard Arabic. Later, he developed the Bonderman Fellows program at the University of Washington providing undergraduate and graduate students with opportunities for unstructured international travel and study.
Bonderman was an assistant professor at Tulane University Law School during 1967 and 1968; he then was a special assistant to the United States Attorney General during 1968 and 1969.In 1971, he joined the law firm of Arnold & Porter in Washington, D.C., where he became a partner and specialized in corporate, securities, bankruptcy and antitrust litigation. In 1983, he joined the Robert M. Bass Group, Inc. (RMBG), which now does business as Keystone Inc., and become the chief operating officer. Bonderman has been a principal at TPG Capital in Fort Worth, Texas, since December 1992, where he is also co-founder and chairman.
Bonderman is a director of Continental Airlines, Inc., Böwe Bell & Howell Co., Ducati Motorcycles S.P.A., Credicom Asia, the National Education Corp., Beringer Wine Estates, Carr Realty Co., Virgin Cinemas, Ltd., CoStar Group, Inc., GemAlto N.V., Ryanair Holdings, Inc. and Ryanair, Ltd. He has been the chairman of Ryanair Holdings and Ryanair Limited since December 1996. He is on the boards of The Wilderness Society, the Grand Canyon Trust, the World Wildlife Fund, The University of Washington Foundation and the American Himalayan Foundation. He previously served on the boards of Washington Mutual, Inc., American Savings Bank, Denbury Resources, Inc. and Burger King Holdings, Inc. He is a former board member of Uber, resigning from that position in June 2017.
In 2008, Bonderman was named as one of the investors of what became the T-Mobile Arena in Las Vegas.
Resigned from Uber
On June 13, 2017, Bonderman resigned from the Uber board amidst controversy surrounding a sexist response to fellow board member Arianna Huffington during a company all-hands meeting. “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,” said Huffington. Bonderman replied, “actually, what it shows is that it’s much more likely to be more talking.” The Uber meeting was, among other things, slated to discuss efforts to reign in a toxic and sexist culture at the company.