“Travis Kalanick quits as Uber CEO” -CBS News

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Summary: ” Kalanick will stay on Uber’s board of directors, the Times adds. By stepping away, he is taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber’s history. In a statement to the Times, Kalanick said, “I love Uber more than anything in the world, and at this difficult brief moment in my personal life I’ve accepted the investors request to step aside, accordingly that Uber shall be able to go back to building rather than be distracted with an additional fight.” His announcement came on the exact same exact day the law firm Covington & Burling released a series of recommendations on changing the corporate culture at Uber which, with a roughly $70 billion market value, is deemed the world’s almost all valuable startup company. But Uber’s human resources chief credited Fowler with driving this alter at the meeting, according to an account. The report stemmed from a blog post in February by Susan Fowler, who described experiencing sexual harassment, and being stonewalled by Uber’s human resources department while she was an engineer at the company. Earlier on Tuesday, five of Uber’s major investors demanded that the chief executive resign immediately.” The report did not address individual claims of harassment.”

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