Uber Founder Resigns Under Pressure As CEO, Published Report Says

Marco Green
June 26, 2017

Travis Kalanick, founder and CEO of Uber resigned as the company's top executive early Wednesday morning, according to The New York Times. Five of the company's major investors drafted a letter to Kalanick, explaining that it was time to find new leadership for Uber. The investors demanded Kalanick's resignation in a letter delivered to him while he was in Chicago.

Bradley Tusk, a political consultant and investor in Uber, says the company needs a leader who can "balance" being "extremely innovative and aggressive" with of "a sense of responsibility and accountability". After announcing he would be taking a leave of absence, Kalanick followed up barely a week later with announcing his formal resignation.

On Monday, in the wake of Mr Kalanick's temporary departure, Uber's board launched a six-month programme of reforms including allowing riders to give drivers tips through the Uber app, something the company had previously resisted. He will, however, remain on Uber's board. Furthermore, Uber can take more positive steps in the direction of improving the overall company and culture. The firm's partner and Uber board member Bill Gurley had high praise for Kalanick. He will remain on the board.

"This is a bold decision and a sign of his devotion and love for Uber", a statement form Uber said.

Earlier in February 2017, a former engineer released a detailed complaint concerning sexual harassment within the company.

Kalanick and other executives were also criticised for the handling of a crisis in India after an Uber driver was arrested for raping a passenger.

May 30 - Uber fires Anthony Levandowski, the head of its self-driving auto program and the engineer at the heart of the Waymo lawsuit. "It's going to be a challenge for Uber", he said.

Kalanick was one of the founders of Uber back in 2009 and grew the company's worth to $68 billion, according to CNN.

Uber has already fired 20 people as part of an ongoing sexual harassment probe. Kalanick was seen by his supporters as a key component to Uber's success.

The company, he said, could still thrive under the right CEO - a visionary like Kalanick but someone who can also bring a more grown-up work culture.

Following his leave, Kalanick had put day-to-day leadership in the hands of several employees who had reported directly to him.

Other reports by Click Lancashire

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