Travis Kalanick Resigns as Uber CEO

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Without Kalanick, the lack of leadership at Uber is even more apparent.

While Kalanick has now resigned as the company's CEO after five major investors put their foot down and demanded his resignation, it is going to take a lot more for Uber to clean its image and build a company on strong, fundamental values of business.

Travis Kalanick, the co-founder of transportation and food app Uber, has stepped down from the position of CEO for the tech giant amid chatter of troubled times at the company.

"People are seeing how much loyalty they can get from their employees when they treat them as human beings", she told Bloomberg Television's Caroline Hyde.

Travis Kalanick, under pressure from his top investors, announced his departure from the company on Tuesday night. The planned hiatus was not enough to appease Uber's investors.

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Also, Kalanick lost his temper in an argument with an Uber driver who was complaining about pay.

The company's board confirmed the move early Wednesday, saying in a statement that Kalanick is taking time to heal from the death of his mother in a boating accident "while giving the company room to fully embrace this new chapter in Uber's history". Valued at around $70 billion, Uber is one of the largest private companies in the world. The firm's partner and Uber board member Bill Gurley had high praise for Kalanick. In March, a former Uber engineer published a blog post that brought to light a workplace culture that reportedly fosters sexual harassment, locker-room talk, and gender discrimination. The list includes chief executive, chief operating officer, general counsel, senior vice president of engineering, chief marketing officer, and board chair.

To help Uber grow fast, Kalanick seemed to pick fights just about everywhere. Twenty Uber employees were recently fired after the harassment investigation, and the head of its autonomous vehicle program was sacked for refusing to cooperate in the lawsuit.

Under pressure by the main shareholders, Uber co-founder Travis Kalanick has made a decision to step down as a CEO of the company. Huffington "has no interest in the CEO role", according to Monica Lee, a spokeswoman for Huffington's current company, Thrive Global. Bradley suspects the board will choose a seasoned, highly-respected industry veteran that can keep Uber running smoothly over the next few years.

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