nsucurrent.com
nsucurrent.com October 19, 2017


Board adopts report on Uber's culture but stay quiet on CEO

12 June 2017, 02:31 | Ruby West

Arianna Huffington speaks to CNN in 2016

Arianna Huffington speaks to CNN in 2016

The company's board on Sunday voted unanimously to adopt all recommendations from a report prepared by former U.S. Attorney General Eric Holder, a representative for the board said.

Following reports that Uber executives turned a blind eye to sexual harassment and other corporate misbehavior, the company's board on Sunday moved to shake up the leadership of the ride-hailing service, before the release this week of an investigation into its troubled culture.

It isn't clear what the details of Holder's report will contain or what actions the Uber board might take today, but the moment is shaping up as a critical one for Uber's future.

According to a source that spoke to Reuters, Uber Technologies Inc's board was meeting on Sunday (Monday AEST) to discuss Mr Kalanick temporarily stepping away from the firm. According to a report in The #New York Times, the company's flamboyant CEO #Travis Kalanick could be asked to take a #Leave Of Absence.

Uber, which is now valued at an estimated $69.8 billion, is feeling backlash as investors' confidence in the company has become shaken by the months of scandals.

On Wednesday, many news outlets detailed Uber official Eric Alexander acquired the restorative records of a lady who had been assaulted by a Uber driver in New Delhi, the capital city of India.

Recode's report detailed how Uber was reportedly considering the prospect that the rape claim was concocted by rival Indian ride-sharing company, Ola, as part of a smear campaign.




Last week, the company had announced that it had fired more than 20 employees after receiving more than 215 complaints about its workplace. On CNBC this week, Huffington said Uber was already "taking very strong measures to change the culture".

On Sunday, Uber directors weighed on a three-month leave of absence for Travis Kalanick, the 40-year-old CEO who founded the start-up and have turned it into a almost $70 billion entity, reports The News York Times.

While Kalanick's position in the company is relatively safe considering the "founder-friendly" governance structure at Uber, that of his allies might not be.

Holder's recommendations for the company include a shakeup of Uber leadership - including a three-month leave of absence for Kalanick. The Holder investigation is allegedly much more damning for the company.

Uber reported about 200,000 people deleted their accounts in the wake of the scandal. She added that she was committed to getting the number of harassment complaints at Uber down to zero.

Kalanick is also facing a personal trauma: Last month his mother died in a boating accident, which also badly injured his father.



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