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Uber CEO resigns over corporate culture

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Uber CEO resigns over corporate culture

Embattled Uber CEO Travis Kalanick is stepping down after being put under heavy pressure from a large group of the company’s shareholders.

Despite a reputation for scandals that appeared to be accelerating — sexual assaults by drivers, “greyballing” regulators, disputes over driver pay and a corporate culture teeming with charges of harassment — Kalanick had remained the company’s leader, and announced a week ago that he would take a leave of absence.

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“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,” Kalanick said in a statement to NYT.

The New York Times also reported that a group of major Uber investors demanded that Kalanick step down from the post on Tuesday (20 June). The 40-year-old executive may however, remain on the company’s board.

 

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