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Uber Founder Travis Kalanick Resigns as C.E.O. (Videos)
Uber Founder Travis Kalanick Resigns as C.E.O.
Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.
Mr. Kalanick's exit came under pressure after hours of drama involving Uber's investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details are confidential.
https://youtu.be/x4W_H4ZxW5U
Earlier on Tuesday, five of Uber's major investors demanded that the chief executive resign immediately. The investors included one of Uber's biggest shareholders, the venture capital firm Benchmark, which has one of its partners, Bill Gurley, on Uber's board. The investors made their demand for Mr. Kalanick to step down in a letter delivered to the chief executive while he was in Chicago, said the people with knowledge of the situation.
In the letter, titled "Moving Uber Forward" and obtained by The New York Times, the investors wrote to Mr. Kalanick that he must immediately leave and that the company needed a change in leadership. Mr. Kalanick, 40, consulted with at least one Uber board member and after long discussions with some of the investors, he agreed to step down. He will remain on Uber's board of directors.
"I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Mr. Kalanick said in a statement.
Uber's board said in a statement that Mr. Kalanick had "always put Uber first" and that his stepping down as chief executive would give the company "room to fully embrace this new chapter in Uber's history." An Uber spokesman declined to comment further.
The move caps months of questions over the leadership of Uber, which has become a prime example of Silicon Valley start-up culture gone awry. The company has been exposed this year as having a workplace culture that is rife with sexual harassment and discrimination, and has pushed the envelope in dealing with law enforcement and even partners. That tone was set by Mr. Kalanick, who has aggressively turned the company into the world's dominant ride-hailing service and upended the transportation industry around the globe.
Mr. Kalanick's troubles began earlier this year after a former Uber engineer detailed what she said was sexual harassment at the company, opening the floodgates for more complaints and spurring internal investigations. In addition, Uber has been dealing with an intellectual property lawsuit from Waymo, the self-driving car business that operates under Google's parent company, and a federal inquiry into a software tool that Uber used to sidestep some law enforcement.
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Rape victim sues Uber, Travis Kalanick for digging into medical records
http://www.livemint.com/Companies/fjtGtDcVlBrcz5yidYzYjJ/Rape-victim-sues-Uber-for-digging-into-medical-records.html
Uber Fires Former Google Engineer at Heart of Self-Driving Dispute
https://www.nytimes.com/2017/05/30/technology/uber-anthony-levandowski.html
Uber Fires 20 Amid Investigation Into Workplace Culture
https://www.nytimes.com/2017/06/06/technology/uber-fired.htm
http://news.opera-api.com/news/detail/290d627aea7a06160ca81133dc5e3dc9
Uber Founder Travis Kalanick Has Resigned as CEO
https://www.popsugar.com/news/Travis-Kalanick-Fired-From-Uber-43623201
Mother of Uber CEO Travis Kalanick Killed in Boat Accident in Fresno County
http://www.nbcbayarea.com/news/local/Mother-of-Uber-CEO-Travis-Kalanick-Killed-in-Boat-Accident-in-Fresno-County-424831533.html
http://www.nbcbayarea.com/portableplayer/?cmsID=424860104&videoID=BYWZUnB0Wayy&origin=nbcbayarea.com&sec=news&subsec=local&fullWidth=y
GOOGLE'S FIGHT AGAINST UBER TAKES A TURN FOR THE CRIMINAL
https://www.wired.com/2017/05/googles-fight-uber-takes-turn-criminal/
UBER SCORES A WIN, BUT ITS BRAWL WITH WAYMO AIN'T OVER YET
https://www.wired.com/2017/05/uber-waymo-injunction/
Uber, the on-demand Taxi-hailing company has raised $3.5 billion in funding from Saudi
http://knowstartup.com/2016/06/uber-raises-a-massive-3-5-billion-in-new-round-from-saudi-arabias-public-investment-fund/
How a Single, Courageous Voice Led Uber's CEO to Resign
https://www.inc.com/justin-bariso/how-a-single-courageous-voice-led-ubers-ceo-to-resign.html
Benchmark, Bill Gurley, CEO, Chicago, federal inquiry, Los Angeles, mutual fund firm, New York Times, ride-hailing company, shareholders, Travis Kalanick, Uber, Waymo