Jun 21, 2017

Axios PM

By Mike Allen
Mike Allen
Uber surge: Vacant C-suite could be huge draw

The hasty, forced resignation of Uber CEO Travis Kalanick opens the door for a big-name successor. And if CEO doesn't work out, the company also has openings for COO, CFO, CMO and general counsel.

Axios Business Editor Dan Primack, who got the scoop last night on the board revolt that eventually led to Kalanick's departure, tells me that one of the most mentioned names for the top job is Facebook COO Sheryl Sandberg.

  • Why would Sandberg want this job? "It's a very large, transformative company, and you wouldn't be inheriting a team that may or may not like you. You'd be creating your own C-suite."
  • More Primack: "It reminds me a little bit of fantasy sports. You could bring in all these great people to play. It's kind of a turnaround story: The product and the numbers are good, but the culture needs to change."
  • Some of other names being buzzed about as possible Kalanick successors: Helena Foulkes, president of CVS pharmacy ... Jeff Immelt, former GE CEO ... Meg Whitman, former CEO of Hewlett-Packard ... Mark Fields, former Ford CEO ... Adam Bain, former Twitter COO.
  • More names, from Recode: former Disney COO Thomas Staggs ... YouTube CEO Susan Wojcicki ... former Ford CEO Alan Mulally ... Dave Clark, who leads Amazon's global operations and customer service ... former eBay CEO John Donahue.
  • Hot quote: "When you're at war with customers, employees, service suppliers, you can't build up a business model and Kalanick was at war with everyone," Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, told AP. "There is no business model in being at war."

Coming attractions: Tomorrow in Axios AM and in the Axios STREAM, we'll have a cool, flippable card deck assessing the top prospects to be the new Travis.

What you missed
  1. The secret bill is almost here: The GOP's Senate health bill will go public tomorrow, with a CBO score as soon as Friday. Everything we know.
  2. Scalise upgraded to "fair": Rep. Steve Scalise's condition continues to improve, while the FBI says the shooting was not an act of terrorism. Details.
  3. What American inequality looks like: The bottom 50% of Americans earn an average of $16,000 a year. The top 1% earn an average of $1.3 million. Chart.
  4. States targeted by Russians: DHS officials told Congress today that Russian hackers went after elections-related systems in 21 states. Video and more.
  5. Saudi shakeup: King Salman changed his heir today, making his 31-year-old son the new crown prince. Meet him.
1 fun thing

Does your rolling suitcase wobble? If so, consider walking faster, not slower. The science behind it.

Mike Allen