Cory Booker stepping down from tech company

AP News
Posted: Sep 06, 2013 5:11 PM

NEWARK, N.J. (AP) — Cory Booker, the mayor of Newark, N.J., and Democratic Senate candidate, says he is stepping down from the board of a tech company he helped found and is donating his shares to charity.

Booker announced Friday he's leaving the board of Waywire, a Silicon Valley startup he and others helped create. The company helps people curate videos they find on the Internet.

Booker's stake in the company is worth between $1 million and $5 million, according to financial disclosure statements filed in July.

Booker has come under fire for his large stake in the company, which was funded by influential investors including Eric Schmidt of Google.