Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Lazaro Gamio / Axios

More than one thousand current Uber employees have signed a letter to the company's board of directors, asking for the return of deposed CEO Travis Kalanick "in an operational role." One of its venture capital investors also is chiming in, with a similar message.

The letter is the result of a petition that has been circulating since yesterday, through which employees could add their name and comments on the situation. Rather than technically "signing," they logged into a Google Doc by using their Uber identification credentials. So far, the signatories represent nearly 10% of the company's estimated employee base (which does not include drivers).

Below is the full text of the letter to the board, which was provided to Axios by a source under the condition that we not include the names of signatories.

Board of Directors --

I'm writing to you today ahead of your scheduled meeting to share the thoughts of over 1,100 full-time Uber employees (and counting) who vehemently disagree with Travis' resignation as CEO and the associated pressure placed on him to do so by investors and board members alike.

In less than 12 hours, these employees have expressed their belief that Travis should return to Uber in an operational role. This magnitude of a response was unexpected and should not be ignored. What started as simple note to my closest co-workers turned into a petition spanning hundreds of offices and teams, and has yet to be seen by a majority of employees.

As the folks who've actually worked alongside Travis for years to help create Uber from nothing, we are extremely disappointed by the short-sightedness and pure self-interest demonstrated by those who are supposed to protect the long-term interests of our company.

Yes, Travis is flawed, as we all are. But his passion, vision, and dedication to Uber are simply unmatched. We would not be here today without him, and believe he can evolve into the leader we need. He is critical to our future success.

We await your response and look forward to Travis' return in an operational role.

There also have been several public Facebook posts in support of Kalanick, including from current Uber employees like Margaret-Ann Seger and former ones like Frederique Dame.

Finally, Axios has received a statement from Mood Rowghani, a partner with venture capital firm Kleiner Perkins Caufield & Byers, which is an Uber investor. He appears to agree with the idea of Kalanick retaining an operational role at the company, in addition to just a board seat. It reads:

"It would be wrong to conclude from Uber that founder involvement in the companies they create is a mistake. While founders should be held accountable to strong, independent boards and need the support of experienced leadership teams, founder DNA is a precious asset and cannot be under-estimated. It is a founder's passion, strategic clairvoyance, ability to inspire and motivate employees and relentless pursuit of the mission that enables start-ups to achieve seismic changes against the odds. Founders may not always play the role of CEO but several great companies -- most notably Apple and Twitter -- that severed all ties to their founders eventually came to regret it."

Go deeper

Dems race to address, preempt stimulus fraud claims

Illustration: Aïda Amer/Axios

Biden officials are working to root out the systematic fraud in unemployment and Paycheck Protection Program claims that plagued the Trump administration’s efforts to boost the economy with coronavirus relief money, Gene Sperling told House committee chairmen privately this week.

Why it matters: President Biden just signed another $1.9 trillion of aid into law, with Sperling tapped to oversee its implementation. And the administration is asking Congress to approve another $2.2 trillion for the first phase of an infrastructure package.

7 hours ago - Politics & Policy

Scoop: Biden close to picking Nick Burns as China ambassador

Nicholas Burns. Photo: Alex Wong/Getty Images

Nicholas Burns, a career diplomat, is in the final stages of vetting to serve as President Biden’s ambassador to China, people familiar with the matter tell Axios.

Why it matters: Across the administration, there's a consensus the U.S. relationship with China will be the most critical — and consequential — of Biden's presidency. From trade to Taiwan, the stakes are high. Burns could be among the first batch of diplomatic nominees announced in the coming weeks.

Biden's Russian sanctions likely to achieve little

President Biden announces new sanctions against Russia. Photo: Chip Somodevilla/Getty Images

Despite bold talk from top administration officials, there's little reason to think the Russia sanctions package President Biden announced Thursday will do anything to alter Russian President Vladimir Putin's behavior or calculus.

Why it matters: While it's true some elements of the package — namely, the targeting of Russia's sovereign debt — represent significant punitive measures against Moscow, it leaves plenty of wiggle room for the Russian president.