Uber's act of corporate masochism
Uber's board of directors met for over six hours yesterday, is what appeared to be an act of corporate masochism. In the end, they agreed to accept every recommendation made by Eric Holder, following his investigation into workplace culture issues (borne of Susan Fowler's allegations of sexual harassment and gender discrimination). What exactly that means, however, is still unclear. Full details will be shared during tomorrow's all-hands, but expect it to leak earlier.
- Bottom line: Short-term, almost nothing that happens here will impact Uber's business. Most "normals" don't care about the palace intrigue, they just want a ride. Long-term, however, what Uber does or doesn't do this week could impact hiring and, in turn, whether Uber remains the go-to for most future rides.
- Most talk yesterday centered around the future of Emil Michael, Uber's de facto #2 and guy who seemed bulletproof just a few weeks ago. Now he could be on his way out. If Michael does go, expect that to clear the way for the long-awaited hire of an official #2 to CEO Travis Kalanick. [Update: Michael is out.]