Viernes, 14 Diciembre, 2018

Uber founder Travis Kalanick resigns as CEO under investor pressure

Travis Kalanick attends the summer World Economic Forum in Tianjin Uber founder Travis Kalanick resigns as CEO under investor pressure
Montez Delgado | 21 Junio, 2017, 20:02

A spokesperson for Uber could not immediately be reached for comment.

Kalanick on June 13 took few days leave to grieve his mother who died in an accident. Regional operations heads continue to oversee much of the company's business. The list includes CEO, chief operating officer, general counsel, senior vice president of engineering, chief marketing officer and board chair.

Uber's hard-charging style has led to legal troubles as well, with the US Justice Department investigating Uber's past usage of phony software created to thwart regulators. Whoever takes the helm will have to plug a leadership vacuum. He will remain on Uber's board of directors. Numerous company's top executives were promoted internally after their bosses left, including heads of business, policy and communications, and product. And Mr. Kalanick will probably remain a presence there since he still retains control of a majority of Uber's voting shares.

Uber hired Holder's firm Covington and Burling to look into its culture and workplace practices after a female former employee, Susan Fowler, publicly accused the company of sexual harassment.

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"Uber couldn't make a credible claim that it was committed to the changes it has to make if he was hovering in the wings, waiting to return as CEO", said Erik Gordon, a technology and entrepreneurship expert at the University of Michigan's Ross School of Business. Uber posted a $708 million first-quarter loss, unable to turn $3.4 billion in revenue into a profit.

Kalanick remains a paper billionaire given his approximately 12% stake in the company, with a net worth of $6.7 billion, according to calculations by the Bloomberg Billionaires Index.

In its Valley-on-steroids ambition to dominate the whole world as quickly as possible, Uber has spread itself too thin, failing to root out the rot from within.

It is not yet clear who will replace Kalanick at the helm. Since Uber is privately held, the terms of his employment aren't known.

OEA y resolución contra Venezuela
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The ride-hailing company has had a series of recent controversies, including the departure of other high-level executives. And many tech businesses, including Apple (AAPL) and Amazon (AMZN), employ executives at will and don't offer special payouts in case of a termination or if the company is bought. The U.S. Justice Department is investigating Uber's past usage of phony software created to thwart local government regulators who wanted to check on whether Uber was carrying passengers without permission.

What hath Kalanick wrought?

She repeated that position on Friday in an interview with Reuters by saying Kalanick's leave of absence was exclusively his decision.

Between getting caught on video berating a driver, his deputy obtaining a rape victim's medical records in a possible attempt to discredit her, getting ridiculed after his "sex guide" for employees resurfaced, embroiling the company in a stolen tech dispute with Google, and generally overseeing an operation plagued with constant scandals and emblematic of everything wrong with Silicon Valley's dudebro-asshole culture, the question has always been: when will the investors at Uber grow a spine and fire founder and CEO bro Travis Kalanick?

Expresan en Francia rechazo firme a declaración de Trump sobre Cuba
La política de la nueva administración de Estados Unidos hacia Cuba indica un retorno a la Guerra Fría, y Washington necesita escuchar la voz de la comunidad internacional sobre este asunto, dijo hoy el Ministerio de Relaciones Exteriores de Rusia.

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