Business

Uber founder Travis Kalanick resigns as CEO

21 Jun 2017 | Written by Shikha Chaudhry; Edited by Anish Chakraborty
Uber 2.0 should not repeat its past mistakes

Uber CEO Travis Kalanick has resigned following months of scandals involving the company. He had earlier taken a leave of absence after his mother's death.

This came after several investors "requested" that he step aside, Kalanick said in a statement. Sources say he would continue as a board member.

In the last few months, the company-leadership has come under fire over several alleged malpractices.

In context: Uber 2.0 should not repeat its past mistakes

21 Jun 2017Uber founder Travis Kalanick resigns as CEO

CabThings desperately need a fix

Uber is currently tight-lipped after the entire effort and Kalanick has also refused to answer queries but if this effort falls through, it could be finally buoyed back to its glory days, where it was changing the dynamics of the tightly regulated taxi industry in several countries.

That was before it started flirting with regulations, causing a major uproar among the authorities.

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A saga of disasters

ScandalsA saga of disasters

The fact that the world's most valuable venture-backed private firm is in a disarray can be attributed to several factors from its highly publicized sexual harassment scandals to high-profile exits, Kalanick's own showdown with an Uber driver and also the quagmire that it has managed to drag itself into with Waymo.

It's almost as if Uber's brakes have come off making it run amok.

A change for the better?

Not undermining the fact that Kalanick is going through a personal trauma after losing his mother; allegations of racial bias, bullying, and retaliation raised by employees while interviewed need to be dealt with a mature hand, which Kalanick seemed to lack.

14 Jul 2017Nikesh Arora aims for Uber's CEO post, claim sources

If reports are to be believed then former Google and SoftBank executive Nikesh Arora is eyeing the post of Uber's CEO, which was vacated by Travis Kalanick.

Uber's reputation hasn't been a deterrent as the company received many applications for CEO's post.

YouTube's Susan Wojcicki, Twitter's former COO Adam Bain, Virgin America's former CEO David Cush are among others running for the CEO post.