Uber Boss Forced to Resign
Kalanick himself announced a completely revamped company which he dubbed “Uber 2.0”. However, the firm’s five most prominent investors had other plans. On Tuesday, they reportedly demanded Kalanick to step down from his position as Uber’s CEO.
Sources confirmed to the New York Times that Kalanick had to resign “under pressure, after hours of drama” coming from the said investors. The Times obtained the shareholders’ letter to Kalanick, called “Moving Uber Forward”. The authors of the letter asked the outgoing CEO to immediately step down as the firm needs a change in leadership. Kalanick, 40, will keep his seat at his firm’s board of directors.
The Times learned from unnamed sources that Kalanick decided to resign after hours-long discussions with investors and a conversation with one board member. Kalanick founded the taxi app firm in 2009.
Kalanick Loves Uber But He Has to Go
Kalanick told The Times that he loves the company “more than anything in the world”, but he accepted the shareholders’ request to leave in a very difficult moment in his life. He said he did it for the sake of the company.
Recode’s executive editor Kara Swisher thinks it is about time that Kalanick resigned. She noted that his poor business decisions and numerous lawsuits have tainted Uber’s image across the world. Swisher underlined that Kalanick had the voting power to remain at the helm of Uber.
It is unclear who would succeed him now. Earlier this year, President Jeff Jones resigned after less than a year on the post. Uber is now one of the most powerful private companies in the world, having a public valuation of $70 billion.
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