Uber is curbing the power of former CEO Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the service tries to recover from internal strife and a myriad of legal headaches. The changes adopted unanimously Tuesday by Uber's 11-member board strip Kalanick and other early...
Travis Kalanick, the Uber co-founder who lost his CEO throne in June but remains on its board of directors, saw his grip on the direction of the company bludgeoned today following a vote to eliminate the special voting powers of stock owned by early shareholders. More »
Uber’s board has approved a series of corporate reforms along with a multi-billion investment from SoftBank that are designed to strengthen the company’s governance while at the same time strip power from former CEO Travis Kalanick.
SAN FRANCISCO (AP) — Uber is curbing the power of former CEO and co-founder Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the ride-hailing service tries to recover from internal strife and a myriad of...Show More Summary
When Dara Khosrowshahi took over the role of Uber CEO from company founder Travis Kalanick, no one thought it was going to be an easy transition. In just over a month, the new CEO has had to deal with numerous major crises left in the wake of Kalanick's tenure. Show More Summary
The former CEO's influence could be curtailed after he surprised the board by announcing two new directors on Friday.
Uber's board is considering whether to strip Travis Kalanick, the company's founder and former CEO, of his power after he abruptly appointed two new board members without consulting the company's leaders, according to Bloomberg. TheShow More Summary
Uber Technologies Inc. cofounder and former Chief Executive Travis Kalanick appointed two new board members on Friday, which apparently came as a total shock to the rest of the board. Kalanick named Xerox Corp. former Chairwoman and Chief Executive Ursula Burns and former Merrill Lynch Inc. Show More Summary
Former Uber chief executive Travis Kalanick named two new directors to the ride-hailing company’s board ahead of an expected vote next week on corporate governance. Ursula Burns, a former Xerox CEO, and John Thain, a former Merrill Lynch and CIT Group CEO, were named as directors in a statement...
There's a new battle brewing in the ongoing war for control at Uber as the company prepares to reset itself after appointing a new CEO. On Friday night, former CEO Travis Kalanick surprised the company by appointing two new members to the board, apparently without notifying the company and other board members. Show More Summary
Former Uber chief Travis Kalanick has appointed two more people to the ridesharing company’s board. One of the seats is going to Ursula Burns, former CEO and Chairwoman of Xerox. The other is going to John Thain, who has served as CEOs...Show More Summary
Ousted Uber CEO but still-Uber-board-member Travis Kalanick named two new directors to Uber's board without consulting anyone else at the ride-hailing company he founded. Despite Kalanick's looming presence over Uber, the people actually...Show More Summary
Uber cofounder Travis Kalanick appointed Xerox chairwoman Ursula Burns and former Merrill Lynch CEO John Thain to the company's board of directors on Friday, a surprise move that's almost certain to re-ignite the bitter internal fighting...Show More Summary
The Uber drama continues after a late Friday "surprise" by former CEO and current board member Travis Kalanick. [ more › ]
A new lawsuit claims the ride-hailing company and its former CEO, Travis Kalanick, knowingly misled investors.
LONDON (AP) — In past skirmishes with local regulators, Uber's playbook under co-founder and now-ousted CEO Travis Kalanick was simple: fight. Now, as brand-new CEO Dara Khosrowshahi deals with a stunning rebuke from London, the playbook...Show More Summary
A lawsuit from the Irving Firemen’s Relief & Retirement Fund in Texas claims Uber and former CEO Travis Kalanick knowingly misled investors while raising capital by failing to reveal the company had potentially broken laws.
After a former Uber employee wrote a blog post about sexual harassment at the ride-hailing company, it took four months — and a raft of other problems — for investors to oust then-Chief Executive Travis Kalanick in June. At SoFi, it took just a month after an allegation of sexual harassment at the...
Coming off a long string of public scandals and a leadership crisis, Uber is hoping a little marketing mojo can help it regain its footing. Last week, Uber filled former CEO Travis Kalanick's role with Dara Khosrowshahi--who previously was CEO at Expedia--and in June, the company hired Apple marketing exec Bozoma Saint John as the...
Employees at Uber, which has survived at long last a back-breaking search for a new CEO after its former chief Travis Kalanick resigned earlier this year, are trying to raise other staffers' spirits with a positive newsletter. More »