Uber CEO's Resignation Was Months in the Making

Travis Kalanick was forced out by investors
By Michael Harthorne,  Newser Staff
Posted Jun 22, 2017 2:22 PM CDT

(Newser) – The dust continues to settle after the resignation of Uber CEO Travis Kalanick from the $70 billion tech company he helped found. The New York Times interviewed more than a dozen employees and other insiders at Uber to get the lowdown on the months that led up to Kalanick being forced out by investors. It includes him butting heads with executives, accusations of sexual harassment, a wave of employees leaving for personal reasons, and the death of his mother in a boating accident. Meanwhile, CBS News reports investors forced Kalanick out because they want to guarantee Uber has a successful IPO. "Given its investment in technology and growth, Uber can't afford to alienate potential and current customers with adolescent behavior," CBS states.

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While Kalanick is out as CEO, he still maintains a large stake in Uber and has a spot on the board. Management experts tell the Washington Post he could have a hard time letting go of his former position. “This is not a guy who's going to go softly into the night," the author of a book on the psychology of CEOs says. Kalanick has a reputation as a micromanager. Even during his brief leave of absence last week, he was calling current executives and interviewing candidates for open executive positions. It remains unclear who will replace Kalanick as Uber CEO, but some big names were being floated. (Read more Travis Kalanick stories.)

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