Uber CEO Travis Kalanick quits under pressure from investors

SAN FRANCISCO (June 21): Uber Technologies Inc. Chief Executive Officer Travis Kalanick has resigned, capping a series of controversies that have rocked the world’s largest technology startup and exposed fundamental problems with its male-dominated culture.

The man most closely identified with the ride-hailing giant’s meteoric global ascent said he was ceding to investors’ wishes that he step aside, in part to avoid yet another conflict. Uber’s been dogged by drama this year, from allegations of sexual harassment to the use of software to bypass regulators.

The outgoing CEO joins a string of departures, including head of business Emil Michael and President Jeff Jones. Kalanick admitted his leadership failings after Bloomberg posted a video showing the executive arguing with an Uber driver, an incident that helped shore up resentment among its chauffeurs. His departure comes weeks after the death of his mother in a boating accident.

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