Reasons Why Ousting Travis Kalanick's Is an Uber Disaster
The pertinent question meanwhile is this: Was the resolve of the board that he step down instantly while in exile to “become the leading light that this firm needs,” work on a project dubbed Travis 2.0” and grieve for the event of the death of his mother, what is best for the ride-hailing company? In my honest opinion, it is a big mistake, a huge wrong move. The right step, of course, would have been to take a firm stand that he remain and assist in tidying up the muss he created while the board diligently finds a fresh and capable chief executive.
There is a rather crucial factor why there exists no case in point for a giant company to be in actual fact without a leader at the time of an existential crisis: You cannot run a company that way. It is simply an ingredient for catastrophe. By whatever standards, Uber has had quite a wild journey. The ride-hailing corporation was founded a mere eight years ago by Garrett Camp and Travis Kalanick. Uber now boasts of a workforce of 12,000, operates in eighty-two countries, has $6.5 billion in profit, generated in funding $12.9 billion and is valued at $68 billion. We all just “hail an Uber” these days, nobody “cabs it” any longer.
But to the crux of the matter. As a result of ex-Uber engineer, Susan Fowler’s volatile post on a blog asserting sexual harassment, management havoc and pervasive gender bias, the firm has lost some of the most important persons in its governing body. The long list includes the heads of engineering, marketing, ridesharing, finance, and strategy. All those chief executive officer direct reports must be as quickly as possible replaced. Also, the board of directors recently of one mind voted to implement a long and tedious listing of recommendations from a report of thirteen pages by the legal team of ex-Attorney General Eric Holder. The list includes the necessity to revamp the fourteen corporate values of Kalanick and appoint a chief operating officer to function as a full partner to the CEO.
Now not even one of that is going to come to pass until the firm hires a new chief. That could last some months which spells that Uber is in essence in an operating and strategic limbo. If everything was fine, that would be difficult enough but everything is not so fine and it is not amusing. The corporation is in the middle of a grand disaster and its brain drain which is similar to that of Yahoo might just be the beginning.