Re:Uber Founder Travis Kalanick Resigns as C.E.O.
by jklein11 on Wednesday June 21, 2017 @02:31PM
(#14606624)
I have not been keeping up with the news surrounding Kalanick or Uber, so this is an honest questions.
Did the courts say that Kalanick is barred from being the CEO of Uber? Or, is it the case that Kalanick's actions have put Uber at risk fines and further litagation?
My (admittedly uninformed) take on the situation is that Uber's investors weighed the costs and benefits and determined that Kalanick needed to go. While the regulatory environment probably influenced the decision, it wasn't the government calling the shots.
Did the courts say that Kalanick is barred from being the CEO of Uber? Or, is it the case that Kalanick's actions have put Uber at risk fines and further litagation?
My (admittedly uninformed) take on the situation is that Uber's investors weighed the costs and benefits and determined that Kalanick needed to go. While the regulatory environment probably influenced the decision, it wasn't the government calling the shots.