Uber's Travis Kalanick forced out by investors — BUSINESS REPORT

25 Juin, 2017, 13:21 | Author: Marc Bacque

"We look forward to continuing to serve with him on the board".

A successor was not immediately announced. The move, which comes as a surprise to employees, plunges one of the largest private companies on Earth into an even bigger leadership vacuum.

By some measures, Uber was performing pretty well.

March 3 - The New York Times reveals Uber has been using a tool called Greyball to evade law enforcement. Gartner analyst Michael Ramsey said a good CEO candidate could emerge from those who remain.

Other women said to be on Uber's list include Marissa Mayer, who just stepped down as chief executive of Yahoo after selling the search pioneer to Verizon. Disney's chief operating officer Tom Staggs is also under consideration. When she complained to the company's human resources department, she wrote, the incident was played down, and she was encouraged to switch departments. A corporate mantra was "Principled Confrontation".

Susan Fowler, a former site reliability engineer, levelled numerous allegations of sexism against her former superiors in a lengthy blog post. Former Attorney General Eric Holder made a series of recommendations that the board pledged to adopt.

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On the streets of NY on Wednesday, drivers and riders seemed unfazed by the shakeup, and business continued as usual.

A new CEO will have more clout to make real changes than a second-in-command ever would have. But "the significance of Uber has declined because the company has not managed to present itself in a stable and socially responsible way", Dudenhoeffer said. In May, his mother was killed and his father hurt in a boating accident on a California lake.

Uber's Chief Business Officer Emil Michael left the company last week. This way, Kalnick can take a leave of absence and focus on improving his personal life.

"It's simply impossible that the company has 14,000 bad apples in it", he said. Cush was named CEO of Virgin America in 2007, shortly after the Richard Branson-backed carrier began flying. It's worth pointing out that Kalanick continues to hold the majority of voting shares, and therefore will have some say in the future of the business regardless. The loss narrowed from the $991 million it posted in the previous quarter.

Sandberg has helped create a $445 billion company in her nine years as COO at Facebook.

For months, Uber has been in a dramatic and public downward spiral.

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