New York Times sources say Uber discussing leave for CEO

Uber CEO Travis Kalanick

At the Sunday meeting, the company's board adopted a series of recommendations from the law firm of former US Attorney General Eric Holder following a sprawling, multi-month investigation into Uber's culture and practices, according to a board representative.

According to a representative for the board, Uber brought in Holder earlier this year to lead an investigation into sexual harassment and workplace culture developing in the ride-hailing startup. As the New York Times reports, Michael announced his departure to all company's employees in an email Monday morning, though it remains unclear whether he resigned or was terminated.

After meeting for more than six hours, the board said it voted for Holder's recommendations unanimously but wouldn't make them public until Tuesday. He was also said to have been one of the executives who viewed medical records of a woman who had been raped by an Uber driver in New Delhi.

San Francisco-based Uber is valued at almost $70bn but is yet to make a profit. Reuters first reported that the board was going to discuss whether or not the embattled CEO, who is also facing a personal tragedy after the loss of mother, should take a three-month leave of absence.

Emil Michael, chief business officer for Uber since 2013 and one of CEO Travis Kalanick's closest confidants, helps oversee broad strategy initiatives such as mergers, acquisitions and fundraising, reported Fox Business.

In total, 215 claims of harassment were investigated by the legal firm Perkins Coie LLP and, while 100 cases have now been dropped, a further 57 are still under investigation.

While Kalanick's position in the company is relatively safe considering the "founder-friendly" governance structure at Uber, that of his allies might not be.

It all began in February when a former employee made a blog post alleging incidents of sexual harassment and discrimination. The company is locked in a legal battle with Waymo over self-driving auto tech and faces a high profile investigation into sexual harassment, along with numerous other smaller scandals and controversies. Uber didn't immediately respond to a request for comment by TheStreet. In the aftermath he said "I must fundamentally change as a leader and grow up".

With just seventeen days before ride sharing companies begin to make their trips across upstate NY, one of the big business ventures, Uber, is making changes - and possibly not for the better.

Related:

Comments


Other news