Thursday, Oct 01, 2020 | Last Update : 03:44 AM IST

189th Day Of Lockdown

Maharashtra1351153104994735751 Andhra Pradesh6811616123005745 Tamil Nadu5863975307089383 Karnataka5824584697508641 Uttar Pradesh3908753312705652 Delhi2730982407035272 West Bengal2505802198444837 Odisha212609177585866 Telangana1872111564311107 Kerala179923121264698 Bihar178882164537888 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   Companies  21 Jun 2017  Cab-hailing giant Uber founder Travis Kalanick resigns as CEO

Cab-hailing giant Uber founder Travis Kalanick resigns as CEO

THE ASIAN AGE.
Published : Jun 21, 2017, 11:51 am IST
Updated : Jun 21, 2017, 12:23 pm IST

Travis Kalanick stepped down as the CEO after serving the company from 2009.

Uber CEO Travis Kalanick
 Uber CEO Travis Kalanick

Mumbai: Cab-hailing giant, Uber Technologies’ founder Travis Kalanick today reportedly stepped down as the CEO amid large-scale controversies involving Uber investors.

Kalanick, who founded the company in 2009 and developed it into a top app-based transportation service, had to resign following revolts by shareholders of the company.

 

“Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details are confidential”,  reported the New York Times.

In a statement to NYT, he said “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight".

Uber has been at the centre of a plethora of controversies since the start of the year. Allegations of sexual harassment, a video documenting his heated brawl with a driver, a big lawsuit slapped by Google's Waymo self-driving car - the company has been battling it all. 

 

In a letter titled "Moving Uber Forward", that the New York Times got hold of, the investors of the company asked him to resign "immediately". His resignation followed hours of discussions between him and the shareholders. 

Kalanick will however remain on the board of directors.

According to Bloomberg, despite the turmoil, Uber has shown a robust growth. As per the stake in his company, Kalanick still remains a billionaire, with a net worth of USD 6.7 billion (Bloomberg Billionaire’s Index). Uber itself has been valued at USD 69 billion.

Tags: uber, travis kalanick, ceo, cab-hailing app, resignation, uber net worth
Location: India, Maharashtra, Mumbai (Bombay)