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Uber CEO Travis Kalanick Quits as Investors Revolt


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Investors expressed doubt about his ability to implement changes amid scandals

Uber Technologies Inc.’s co-founder and chief executive, Travis Kalanick, has resigned after a group of investors pressured him to step down following a bruising six months of scandal and setbacks, marking a stunning turnabout for one of Silicon Valley’s highest-flying startups.

Mr. Kalanick, 40 years old, handed in his resignation Tuesday, a spokesman said. Several investors pushed Mr. Kalanick to resign, people familiar with the matter said, to help turn around the company as it works to battle allegations that it has a workplace permissive of sexual harassment and sexism.

Source WSJ: https://www.wsj.com/articles/uber-ceo-travis-kalanick-resigns-1498023559

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