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Former Uber CEO Travis Kalanick to resign from board amid ongoing lawsuits

Former Uber CEO Travis Kalanick to resign from board amid ongoing lawsuits

Former Uber CEO Travis Kalanick has announced he will resign from the board next week, effectively severing ties with the ride-hailing company he co-founded a decade ago.

Former Uber CEO Travis Kalanick will resign from the board next week, effectively severing ties with the company he co-founded a decade ago. (AP)

The departure did not come as a surprise. Kalanick recently sold more than USD$2.5 billion worth of shares in the company, more than 90 per cent of his holdings.

“Uber has been a part of my life for the past 10 years,” Kalanick said in a statement.

“At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits.

“I’m proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines.”

Kalanick was ousted as CEO in the summer of 2017 with the company mired in numerous lawsuits. (AP)

Uber under Kalanick grew with incredible speed, but like a number of other tech startups, the company ran into trouble with a corporate culture that appeared at times to be reeling out of control.

A former Uber engineer, Susan Fowler, discloses sexual harassment and sexism claims in a blog post about her year at Uber.

Kalanick recently sold more than USD$2.5 billion worth of shares in the company, more than 90 per cent of his holdings. (AP)

Waymo alleges that Anthony Levandowski — a former top manager for Google’s self-driving car project — stole pivotal technology from Google before leaving to run Uber’s self-driving car division.

Then, The New York Times reveals that Uber used a phony version of its app to thwart authorities in cities where it was operating illegally.

Uber’s so-called Greyball software identified regulators who were posing as riders and blocked access to them.

Source: www.9news.com.au

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