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Uber's Board is Meeting to Discuss CEO Kalanick Temporarily Stepping Down

posted by martyb on Monday June 12 2017, @05:36PM   Printer-friendly
from the slap-on-the-wrist? dept.

Fnord666 writes:

The board of directors at Uber Technologies is meeting today to discuss CEO Travis Kalanick stepping aside for a period, according to reports published this morning by Reuters, The New York Times and The Wall Street Journal.

Kalanick taking a leave of absence is one of several recommendations coming out of an internal report on Uber headed up by Eric Holder, who served as Attorney General during the Obama Administration. The Holder inquiry also recommends that Emil Michael, Uber's senior vice president of business, be asked to leave the company, according to the Times.

Uber hasn't publicized today's meeting and didn't respond to requests for comment.

It will be hard to implement the changes unless Kalanick himself goes along with them. Along with two close allies, Reuters reports, Kalanick has voting control of the company. Uber hasn't publicized today's meeting and didn't respond to requests for comment.

Source: ArsTechnica

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  • (Score: 2) by bob_super on Monday June 12 2017, @06:01PM (2 children)

    by bob_super (1357) on Monday June 12 2017, @06:01PM (#524545)

    But disbanding the company completely would be a better approach, given how it's based on flouting laws and screwing people in the name of "disruption", hoping to cash in before the courts catch up.

    Making an example would be good.

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  • (Score: 2) by MrGuy on Monday June 12 2017, @06:41PM (1 child)

    by MrGuy (1007) on Monday June 12 2017, @06:41PM (#524579)

    This isn't a regulatory action, or an enforcement action, or even a civil case. This is a review by the board of a company of recommendations recommended to them by an external consultant they commissioned. They're under no obligation to do anything with the result of the Holder investigation.

    I'm no fan of Uber either (I've deleted my account and don't miss it in the slightest, and wish them nothing but the worst).

    But who exactly are you calling on here to disband the company? Or to make an example of them? Their own board?

    • (Score: 2) by bob_super on Monday June 12 2017, @07:35PM

      by bob_super (1357) on Monday June 12 2017, @07:35PM (#524610)

      The moral duty of the board is to keep the company and its executives from breaking the law or hurting the workers and customers.
      When it's rotten to the core, the proper ethical and humane thing to do it to put it down gently, salvage what you can, and get a healthy one.

      Of course, the human thing to do, is to keep sucking as much benefit out of it, regardless of how many people get hurt.