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."