: Lyft chair Logan Green ‘bears particular responsibility’ for driver-safety concerns, say shareholders opposing his re-election

by | May 16, 2023 | Stock Market

A shareholder group is asking fellow Lyft investors to vote against the re-election of board chair Logan Green, citing driver-safety concerns. Green, the ride-hailing company’s co-founder and former chief executive, “bears particular responsibility for failing to properly address mounting concern over rideshare driver safety,” SOC Investment Group said in a filing with the Securities and Exchange Commission this week.

The group, which works with pension funds sponsored by unions affiliated  with the Strategic Organizing Center, cited research reports that have found ride-hailing drivers feel unsafe while working and experience verbal abuse, physical assault and robbery. It also mentioned other reports about drivers being carjacked or murdered on the job. The group also said that Lyft
had not issued updated information about driver safety since 2019, though it pointed to the most recent safety data submitted by the company to the California Public Utilities Commission, as required. The group said that report of 9,959 California assault or harassment cases in fiscal year 2021 was inconsistent with Lyft’s 2021 community safety report, which included a much lower number nationally: 4,158 sexual assaults in the U.S. from 2017 to 2019. “Either safety problems have increased substantially, or inconsistent definitions are making comparisons difficult, indicating the importance of ongoing, annual updates to Lyft’s driver safety disclosure,” SOC Investment Group wrote. See: The number of gig workers murdered on the job hits highest level since 2017, report says From the archives (January 2023): Rules seek to address apps banning gig workers The group added that it is concerned that Lyft’s policies of suspending or deactivating drivers and its pay practices …

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