Travis Kalanick Resigns from His Position as Uber’s CEO

BEACON TRANSCRIPT – After helping with the founding of the company in 2009, Travis Kalanick, Uber’s CEO, released a statement where he announced his resignation. It seems that several company investors have persuaded Kalanick to take such a decision, and he agreed, only to allow the company to grow.

Investors asked Kalanick to resign from the CEO position

Uber is currently one of the most popular transportation companies, with activity operating all over the world. The company managed to grow so much over the past few years thanks to Kalanick, who is also one of the founders. However, the last months’ events, together with the company investors, were enough to convince the CEO to resign.

In a public letter called “Moving Uber Forward”, Uber’s investors requested Kalanick to step down. After the letter was published, he consulted with the other members of the Uber board, as well as with some of the investor, and made a decision. He declared he would resign, but only to allow the company to grow.

Uber has faced many accusations this year

In his statement, Kalanick revealed that he was doing everything only that the company should prosper. Also, he said that the only reason why he made this decision was because the investors asked him, and he thought that everything would come at Uber’s benefit.

After his resignation, the company board also released a statement where they declared that Kalanick had always put Uber’s interests first. However, his departure would allow them to start a new chapter in the company’s history.

Throughout this year, Uber had to face several negative events, including accusations of sexual harassment and discrimination. Also, Waymo filed an intellectual property lawsuit against the company, which attracted a lot of media attention. Although the former CEO claims these events did not influence his decision, we might make a guess that they played a small part in the process.
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