http://www.abarrelfull.co.uk/api.php?action=feedcontributions&feedformat=atom&user=ThomasMaddock2 2026-08-11T14:20:33Z User contributions MediaWiki 1.33.1 http://www.abarrelfull.co.uk/index.php?title=Travis_Kalanick_Quits_Uber_Leaving_The_CEO_Seat_Vacant&diff=43379 2020-07-06T04:33:47Z

<p>ThomasMaddock2: </p> <hr /> <div>id=&quot;article-body&quot; class=&quot;row&quot; section=&quot;article-body&quot;&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;Now playing:&lt;br&gt;Watch this:&lt;br&gt;&lt;br&gt;Travis Kalanick resigns as CEO, stays on as board member&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;1:09&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;A week after saying he was taking a leave of absence, Travis Kalanick was forced to step down as chief executive officer of ride-hailing service [/tags/uber/ Uber].&lt;br&gt;The move came at the behest of five major Uber investors, [ according to The New York Times], who requested Kalanick's immediate resignation in a letter titled &quot;Moving Uber Forward.&quot; He will, however, stay on the board of directors.&lt;br&gt;&lt;br&gt;&quot;I love Uber more than anything in the world,&quot; Kalanick, 40, said in a statement to the newspaper, &quot;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.&quot;&lt;br&gt;&lt;br&gt;Uber has been in turmoil since February when a former engineer Susan Fowler [ wrote] a blog post about her &quot;very, very strange year at Uber.&quot; Fowler detailed a chaotic company culture rife with gender bias, sexual harassment and unprofessional business practices. Her post prompted an internal investigation.&lt;br&gt;&lt;br&gt;&lt;br&gt;Related stories&lt;br&gt;&lt;br&gt;&lt;br&gt;[ ]&lt;br&gt;&lt;br&gt;[ ]&lt;br&gt;&lt;br&gt;[ ]&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;Kalanick's resignation makes the company's future even less certain. Founded by Kalanick and Garrett Camp, a businessman who now serves as Uber's chairman, it's upended the taxi industry and now [ operates in over 60 countries]. With its no-apologies attitude and the [ ] Kalanick, Uber became the most prominent ride-hailing service on the planet. While this approach helped the company grow, it's unclear if that style can be sustainable in the long run -- especially if it seeks to go public. &lt;br&gt;&lt;br&gt;Founded in 2009, Uber is one of the world's most valuable privately-held companies. It's raised over $14 billion in funding from investors and has a valuation of almost $70 billion.&lt;br&gt;&lt;br&gt;The five investors who called for Kalanick's ouster -- Benchmark, First Round Capital, Lowercase Capital, Menlo Ventures and Fidelity Investments -- together own more than a quarter of Uber's stock and control about 40 percent of Uber's voting power, according to the New York Times.   &lt;br&gt;&lt;br&gt;After Fowler published her blog post, Uber hired former US Attorney General Eric Holder to [ ] into [ ] at the San Francisco startup. He finished his investigation and presented it to Uber's board of directors to review, along with a set of recommendations. The board earlier this month unanimously voted to adopt all of [ Holder's recommendations, which were made public on June 13].&lt;br&gt;&lt;br&gt;Among the report's 10 main recommendations was a call for &quot;changes to senior leadership.&quot; This, in part, led to Kalanick last week announcing that he was taking a [ ] from the company he helped start in 2009.&lt;br&gt;&lt;br&gt;&quot;The ultimate responsibility, for where we've gotten and how we've gotten here rests on my shoulders,&quot; Kalanick wrote in a memo to Uber employees last week. &quot;For Uber 2.0 to succeed there is nothing more important than dedicating my time to building out the leadership team. But if we are going to work on Uber 2.0, I also need to work on Travis 2.0 to become the leader that this company needs and that you deserve.&quot;  &lt;br&gt;&lt;br&gt;Since February, Uber has suffered personnel losses, including [ ], President [ ] and senior vice president of engineering [ ]. Earlier this month, [ ] after Holder's sexual harassment investigation. At the same time, it's been defending itself against a [/news/waymo-vs-uber-lawsuit-10-things-you-need-to-know/ lawsuit from Waymo], the self-driving car business run by Alphabet -- Google's parent company.&lt;br&gt;&lt;br&gt;Last month, [/news/uber-ceo-travis-kalanicks-mother-killed-in-boating-mishap/ Kalanick's mother died] in a boating accident, and his father was injured.&lt;br&gt;&lt;br&gt;Uber didn't respond to a request for comment. &lt;br&gt;&lt;br&gt;Update, June 21 at 2:05 p.m. PT: Adds details about investors and Waymo lawsuit.  &lt;br&gt;&lt;br&gt;[ ] Apple execs tell why the MacBook Pro was over four years in the making, and [http://52cute.cn/home.php?mod=space&amp;uid=439928&amp;do=profile&amp;from=space 52cute.cn] why we should care. &lt;br&gt;&lt;br&gt;[ ]: CNET chronicles tech's role in providing new kinds of accessibility.&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;[#comments Comments]&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;[/topics/tech-industry/ Tech Industry]&lt;br&gt;&lt;br&gt;[/roadshow/ Roadshow]&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;&lt;br&gt;[/tags/uber/ Notification on Notification off Uber]</div>

ThomasMaddock2