Travis Kalanick has stepped down as CEO of Uber. The news comes as the company has been hit with anextended barrage of scandal and controversy; Kalanick had already recently taken aleave of absencefollowing the death of his mother. According toThe New York Times, a group of major Uber inves...
mark Capital Partners initiated this action as part of its public and personal attack on Travis Kalanick, the founder of Uber.” It accused Benchmark of “secretly planning” to oust Kalanick shortly after his parents were involved in a boating accident, resulting in the death of his mother....
Kalanick's departure was motivated partly by the company's problems, but also by therecent deathof his mother in a boating accident. Uber has been dealing with multiple sexual harassment and discrimination claims, which have led to the firing of more than 20 employees. Watch the Latest f...
The founder of the car-hailing app had already decided to take anindefinite leave of absencefollowing a critical report into the company’s dysfunctional management and the sudden death of his mother last month. According a New York Timesreportciting two unnamed individuals, Mr Kalanick’s resignat...
Kalanick has been synonymous with Uber from the beginning, so this move took a lot of guts, although it likely also had to do with the recent death of his mother and injury of his father in a freak boating accident. But under pressure from investors, he amended his plans and...