Uber Founder Travis Kalanick Resigns as C.E.O.

#1

Post by java_script » Wed, Jun 21, 2017, 5:24 AM UTC

Uber Founder Travis Kalanick Resigns as C.E.O.
nytimes.com

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#2

Post by muglug » Wed, Jun 21, 2017, 5:29 AM UTC

This proves that speaking out makes a difference.

Edit: HN discussion of Susan J. Fowler's original blog post: https://news.ycombinator.com/item?id=13682022

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#3

Post by kevinburke » Wed, Jun 21, 2017, 5:30 AM UTC

According to the article 5 different VC firms representing 40% of the voting shares asked him to resign today. Kalanick still controls the majority of voting shares and a board seat.

Most of Kalanick's trouble started with Susan Fowler speaking out. Please believe women when they report harassment in the workplace. Many of their reports may not be as clear cut as Mrs. Fowler's.

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#4

Post by good_vibes » Wed, Jun 21, 2017, 5:31 AM UTC

.

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#5

Post by flyosity » Wed, Jun 21, 2017, 5:31 AM UTC

If Uber ends up going down in flames, unable to recover from the scandals and lawsuits, and Lyft prevails, it will be the most incredible change of fate in the business world this century or perhaps longer.

The future of automobiles and transportation is still being swirled about, and it feels like Uber's downfall has blown the game WIDE open, ready for anyone (maybe Uber, maybe Lyft, maybe Tesla, Google, Apple, an automaker) to just step in and take all the riches.

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#6

Post by bobbles » Wed, Jun 21, 2017, 5:32 AM UTC

When any story about your company needs a tagline like 'embattled CEO blah blah blah' it might be time to step back

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#7

Post by TheRealmccoy » Wed, Jun 21, 2017, 5:32 AM UTC

Susan Fowler is the giant killer of this century.

Salutation!

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#8

Post by samstave » Wed, Jun 21, 2017, 5:32 AM UTC

good_vibes wrote: post #4

.

Regardless of what he does professionally, his soul totally needs this.

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#9

Post by jchien17 » Wed, Jun 21, 2017, 5:33 AM UTC

Wow, I thought he was just going to step away and take a break. Do we know who might replace him?

It's also interesting that the five shareholders mentioned in the NYTimes article want 2 "truly independent directors". What does that mean? Depending on how many board seats there are, maybe two votes aren't enough?

Re: Uber Founder Travis Kalanick Resigns as C.E.O.

#10

Post by curiousDog » Wed, Jun 21, 2017, 5:33 AM UTC

Wow! Looks like the investors really want their money back now and are pushing hard for an IPO.