Cory Booker stepping down from tech company - Los Angeles News | FOX 11 LA KTTV

Cory Booker stepping down from tech company

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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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