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.

Read also: Japan develops snake-like robot to help in disaster zones

“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.

 

RipplesNigeria ….without borders, without fears

Click here to download the Ripples Nigeria App for latest updates

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now