Today in Uber History: Uber CEO Travis Kalanick Resigns

Uber Technologies Inc. co-founder Travis Kalanick resigns as chief executive of the ride-hailing service. The resignation comes during a time when the company is shroud in several scandals including allegations of sexual harassment and patent infringement.

According to The New York Times, five of Uber’s major investors demanded Kalanick’s resignation immediately. The investors included one of Uber’s biggest shareholders, the venture capital firm Benchmark, which has one of its partner’s, Bill Gurley on Uber’s board. Kalanick acceded after ‘hours of discussions,’ but will stay on Uber’s board and still controls a majority of voting shares.

Uber-CEO-Resigns-Travis Kalanick

Uber CEO Travis Kalanick (center) with members of European startup HiProMine.

Travis Kalanick Resigns Amid Growing Investor Pressure

Travis Kalanick’s resignation comes after a months-long investigation led by former US Attorney General Eric Holder, who was hired by Uber to look into its baller culture after a female former employee publicly accused the company of sexual harassment.

The departure marks a pivotal moment for the world’s most valuable private company, which has been largely affected by Kalanick’s hustle-oriented attitude.

Kalanick, 40, said he needs time to grieve for his recently deceased mother and to work on his leadership skills, according to a staff email seen by Reuters. He wrote announcing his leave that he intends to return to the company as “Travis 2.0.” According to a source familiar with the matter, Kalanick can return to the company whenever he would like.

Many inside and outside the company did not agree with Travis Kalanick’s decision to resign.

Uber confirmed the resignation, and the company’s board issued a statement. Uber’s board includes of venture capitalist Bill Gurley, Arianna Huffington, and Uber co-founder Garrett Camp.

With Travis Kalanick resignation comes the question of who may take over Uber. The ride-hailing company is now looking for a new chief executive to replace Kalanick.

A list of Travis Kalanick’s scandals, blunders and PR disasters:

Thanks to Uber’s never-ending controversies – from its use of surge pricing at busy times to its attitude to consumer safety – it’s by far the most castigated company on social media.

 ‘We call that Boob-er’, February 2014

Travis Kalanick infamously joked in an interview with GQ Magazine that the company’s nickname was “boober” for all the female attention it garnered.

‘God View’ Tracking, November 2014

Uber’s so-called ‘God View’ technology enabled the company to track users’ locations, showing them the whereabouts and movements of party-goers in real time.

Spying on politicians and Beyoncé, December 2016

Uber employees regularly spied on politicians, exes, and celebrities, including Beyoncé.

Puffery Service, January 2017

Uber paid $20 million in a false advertising lawsuit. The company conned people into driving with false promises about its earnings. The Federal Trade Commission concluded that most Uber drivers earned far less than the rates published online in 18 major cities in the U.S.

#DeleteUber, January 2017

After Uber lifted surged pricing during a protest at New York’s John F Kennedy airport against Trump’s travel ban, many people were left irate about the ride-hailing company.

Trump’s Advisory Council, February 2017

Uber CEO Travis Kalanick stepped down from Trump’s advisory council after users threatened a boycott.

Waymo Lawsuit, February 2017

Uber and Waymo has been mud-slinging when the self-driving division that spun out of Google accused Uber of stealing its trade-secrets and its intellectual property and accused the company of infringing patents related to the LIDAR system.

Travis Kalanick yelling over falling fares, March 2017


A video published by Bloomberg showed Uber CEO Travis Kalanick getting into a heated argument with an Uber driver about why he dropped the prices for the service.

Escorts in Seoul, March 2017

Several employees at Uber, including CEO Travis Kalanick, visited a sleazy karaoke-escort bar on a trip to Seoul, South Korea.

Spying on Lyft, April 2017

A secret software codenamed “Hell” was used to spy on rival Lyft to uncover drivers working for both the companies and to steer them away from new rides.

Underpaying drivers, May 2017

Uber was ordered to pay tens of millions of dollars after it was uncovered that it underpaid them for more than two years by taking a substantial cut of fares than it was entitled.

Obtaining medical records of a rape victim, June 2017

A top Uber executive obtained medical records of a woman who alleged she was raped by an Uber driver, allegedly doubting the victim’s account.

Sexist Joke, June 2017

David Bonderman resigned from Uber’s board after he made a disparaging remark about women talking too much during an all-staff meeting about combatting sexual harassment.

Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

UK’s Sanne agrees to consider Cinven bid

UK’s Sanne agrees to consider Cinven bid

Sanne, a UK fund administration business that provides alternative asset and corporate services, has agreed to hold talks with private equity firm Cinven over a potential £1.4bn t
6 hours ago
Global stocks rise as investors ignore inflations indicators

Global stocks rise as investors ignore inflations indicators

Global stocks rose to an all-time high, with investor showing confidence in a strong economic recovery from coronavirus and the vaccine effect, but the market is still a bit cautio
6 hours ago
UK watchdog whacks Amazon with probe for unfair data collection practices

UK watchdog whacks Amazon with probe for unfair data collection practices

The Competition and Markets Authority will focus on whether Amazon, Inc. favors merchants that use its delivery services.
3 days ago
Altice buys 12 percent stake in BT worth £2 billion

Altice buys 12 percent stake in BT worth £2 billion

Altice said it did not intend to make a bid for the British Telecoms company, though the takeover code also does not allow it to make an unsolicited buyout offer for six months wit
3 days ago
G7 countries agree on broad principles of minimum corporate tax deal

G7 countries agree on broad principles of minimum corporate tax deal

The world’s richest nations (G7) reached a landmark accord setting a global minimum corporate tax rate for multinationals. Would it be effective in tackling tax evasion and avoid
3 days ago
BC Partner goes the Continuation Fund way to strike a $7bn deal

BC Partner goes the Continuation Fund way to strike a $7bn deal

BC Partners, a UK private equity firm, has floated a “continuation fund” deal, one of Europe’s largest such deals, by transferring its 47 per cent stake in the academic publi
3 days ago