Uber chief steps aside following criticism

Dhaka,  Sat,  24 June 2017
Published : 14 Jun 2017, 14:48:50
printer

Uber chief steps aside following criticism

Uber’s chief executive Travis Kalanick has decided to go on leave for an indefinite period, after a highly critical report into the ride-hailing company’s dysfunctional management followed hard on the heels of the death of his mother accor4ding to a global media report on Wednesday.

Mr Kalanick’s hard-driving style has defined the controversial start-up that vowed to transform transport and has grown to a valuation of $68 billion, while earning a reputation for doing whatever it takes to achieve growth.

His decision to step aside follows a period of crisis that has profoundly shaken Silicon Valley’s most valuable private company and led to the departure of many top executives. Rather than naming an interim chief executive, Mr Kalanick said his 14 direct reports will run the company in his absence - although they were not named.

The report into Uber’s culture and management, led by former US attorney-general Eric Holder, issued wide-ranging recommendations including greater board independence, mandatory management training, and banning intimate relations between employees in a reporting relationship.

- SZ
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close