After several large shareholders demanded his resignation, Travis Kalanick has left Uber, the company he founded and of which he was chief executive officer.
The New York Time reported the story:
Travis Kalanick, the company’s co-founder, had been under increasing pressure, and several major investors demanded that he resign immediately.
The move caps months of questions over the leadership of Uber, which has become a prime example of Silicon Valley start-up culture gone awry.
He had been planning to take a leave of absence and return will lessened duties.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
