Uber Cab CEO Travis Kalanick resignation
was pressurized by the investors
Travis Kalanick, the Chief executive officer and the co-founder of Uber, has decided to quit in the embattled ride haling company. According to reports from New York Times, The resignation move took place after five of company’s major investors, including the company known as Benchmark which is classified as one of the biggest shareholders in Uber company mandatorily demanded Travis Kalanick resignation this week Tuesday.
Kalanick was in Chicago when he received the letter from these investors. He was speechless knowing fully well that he got no option than to accept their demand and resign.
From a long time ago Uber cab company has been in crises, fight and conflicts, I can also say in high voltage drama ever since the company’s former female employee came up with a sexual harassment accusation of the Uber cab company. After the accusation, a board members meeting was held on behalf of the issue which they concluded and succeeded in appointing the US Attorney General Eric Holder to investigate the Uber’s Culture, practices and modus operandi.
Kalanick’s resignation was not intentional but was done under pressure by the Uber investors that demanded his exit due to the issue on the ground about the accusation harassments in the Uber cab company.