Why did a group of Uber's biggest investors push CEO Travis Kalanick out? A nice narrative would be that they demanded a real consequence for the culture he enabled, which led to the harassment scandal that has embroiled the world's most valuable startup.
The truth is something else: Investors have put millions into the ride-hailing giant, and they believed that keeping Kalanick around could hurt their return.
Kalanick's resignation—which is a firing, really, despite a laudatory tweet from Benchmark Capital's Bill Gurley, who reportedly advocated for Kalanick's exit—does not appear to be about accountability for the failures in the company's corporate culture or management that were revealed in last week's report issued by former US Attorney General Eric Holder.
Continue reading on VICE News.
from vice http://ift.tt/2rRWkqQ
via cheap web hosting
No comments:
Post a Comment