WSJ – Uber CEO Travis Kalanick Quits as Investors Revolt

Uber is missing a slew of key C-Suite executives and must answer lingerings questions as to how it plans to mitigate steep losses incurred due to incentives to keep drivers on the road.

June 21, 2017

‘Uber Technologies Inc.’s co-founder and chief executive, Travis Kalanick, has resigned after a group of investors pressured him to step down following a bruising six months of scandal and setbacks, marking a stunning turnabout for one of Silicon Valley’s highest-flying startups.

Mr. Kalanick, 40 years old, handed in his resignation Tuesday, a spokesman said. Several investors pushed Mr. Kalanick to resign, people familiar with the matter said, to help turn around the company as it works to battle allegations that it has a workplace permissive of sexual harassment and sexism.’

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