Jun 22, 2017

Who might be the next Uber CEO

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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.

Keep ReadingArrowDec 18, 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

Uber's pre-IPO holders cash in

Illustration: Eniola Odetunde/Axios

During his time as Uber's CEO, Travis Kalanick never sold any of his shares. It was one of the few unambiguously noble things he did, in an age in which many other CEOs were cashing in big on secondaries.

Driving the news: While we were on break, Kalanick sold his entire remaining stake in the company and resigned from its board of directors. His windfall was in the billions, even though Uber is valued well below where it went public (let alone its valuation when Kalanick was last in charge).

Go deeperArrowJan 8, 2020