Posts tagged Uber
Uber’s C.E.O. to Take Leave as Holder Report is Released

Uber's CEO, Travis Kalanick, is taking a leave of absence from the company in the wake of months of terrible press, several top executives leaving the company, Emil Michael being ousted for inappropriate behavior, and the recommendations from a third-party investigation by former Attorney General Eric Holder being released.

Mike Isaac reporting for the New York Times:

"Mr. Kalanick’s announcement came as recommendations to change the company were released on Tuesday. The recommendations were the result of an investigation into Uber, conducted by former Attorney General Eric H. Holder Jr. and his law firm, Covington & Burling.

"The recommendations included reviewing Mr. Kalanick’s responsibilities and reallocating them, with an increased emphasis on a chief operating officer at the company. Uber should also appoint an independent chairman and create an oversight committee on the board, in an effort to bolster the checks and balances on management, according to the recommendations."

Read on the New York Times.

Read the full Holder Report on Uber.

DailyTimothy BuckUber
Uber Fires Former Google Engineer at Heart of Self-Driving Dispute

 Mike Isaac and Daisuke Wakabayashi reporting for the New York Times:

"Uber said Tuesday that it had fired Anthony Levandowski, a star engineer brought in to lead the company’s self-driving automobile efforts who was accused of stealing trade secrets when he left a job at Google."

This makes a lot of sense. Levandowski is now a massive liability to Uber. If he did commit a crime and it can be proven, he'll be incentivized to disclose everyone else who had any involvement.

Read on the New York Times.

Header image from nytimes.com.

Uber Freight Launches

Johana Bhuiyan writing for ReCode:

"Uber, known for its on-demand transportation services, today launched its newest app: A trucking dispatch service called Uber Freight.

"It works pretty much the same as Uber for everyday riders and drivers, in this case matching commercial shippers with truck drivers looking for a job. Freight rides can be booked several weeks in advance or on the same day."

This is a big announcement from Uber and an understandable strategy move. Uber is hoping to own transportation customer relationships—originally passengers and now freight shippers.

They're betting that self-driving vehicles will be here soon, and that when they arrive in force, owning a vehicle (for freight or for personal transportation) will become less common.

If it happens, owning the transportation customer relationships at scale will give them a lot of leverage.

Read on ReCode.

Header image from ReCode.

DailyTimothy BuckUber