Uber update: Travis Kalanick eyes leave of absence
June 13, 2017
Uber CEO Travis Kalanick is likely to take a leave of absence amid the controversy surrounding the ridehailing company, according to Reuters, a report that came the same day that Kalanick's second-in-command, SVP of business Emil Michael, left the company. The developments come after a weekend board meeting at which Uber's directors voted to adopt a series of recommendations on ways to overhaul the company's culture that resulted from an investigation led by former US Attorney General Eric Holder.
If Kalanick does take a break, the decision would be his own, per Reuters. It’s unclear who would run the company in the event of Kalanick’s departure. News of the possible leave comes not long after Uber fired at least 20 employees last week in connection with an investigation into sexual harassment allegations and other claims of wrongdoing. Last valued at some $68 billion and backed by a host of major VCs, Uber is the most valuable private company in the world.