Dec 18, 2019

Uber to pay $4.4 million to settle sexual harassment charges

Photo: Alastair Pike/AFP via Getty Images

Uber has agreed to pay $4.4 million into a fund for victims of sexual harassment and establish a system to identify managers who fail to respond to reports as part of a settlement with the Equal Employment Opportunity Commission.

Why it matters: The EEOC opened an investigation into Uber following a string of reports in 2017 from employees about sexual harassment and discrimination at the ride-hailing company. Since then, Uber has replaced CEO Travis Kalanick with Expedia's Dara Khosrowshahi, who has vowed to rectify the company's culture.

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Travis Kalanick is leaving Uber's board

Photo by Michael Kovac/Getty Images for Vanity Fair.

Travis Kalanick is stepping down as a board director with Uber, the company announced Tuesday.

Why it matters: Kalanick is credited with growing Uber into a global phenomenon, changing the way people get around town. But he's also responsible for a problematic culture, which contributed to his mid-2017 firing as CEO.

Go deeperArrowDec 24, 2019

Court bans Uber's ride-hailing services in Germany

Photo: Sven Hoppe/picture alliance via Getty Images

A German court on Thursday banned Uber in the country after it ruled that the U.S. company doesn't have a license to offer transport services using rental cars, Reuters reports.

The big picture: Uber, which is active in seven German cities, also lost its license to drive passengers in London in November after city regulators claimed it risked passenger safety.

Go deeperArrowDec 19, 2019

Why firing the CEO of a company doesn't change anything

Illustration: Aïda Amer/Axios

When a CEO is forced out of a company, a lot of people hope and expect big changes. Much like Inigo Montoya in "The Princess Bride," those people are going to have to get used to disappointment.

Why it matters: It's big news when names like Dennis Muilenburg of Boeing and Travis Kalanick of Uber are forced out of their jobs. But that doesn't mean the company is going to change. The reality is that corporate cultures change slowly if at all.

Go deeperArrowJan 2, 2020