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Founder of Uber Resigns From Board of Directors: Here's Why He Left

By: Martin Li

· Business

Travis Kalanick, co-founder and former CEO of the ride sharing giant Uber, has left the board of directors after over 10 years with the company. Uber said that Kalanick left “to focus on his new business and philanthropic endeavors.” Over the past few weeks, Kalanick has sold $2.5 billion dollars of his stock in the company, which represents most of his holdings.

In 2017, Kalanick stepped down from the position of CEO due to a shareholder’s revolt and remained on the board. The months leading up to this were filled with scandals regarding Uber’s alleged “bro culture,” driver sexual assault allegations, and a leaked video of Kalanick verbally abusing a driver. Previous to this, when Uber was beginning as a start-up, Kalanick is credited to having helped expand Uber through his aggressive management style. Current Uber CEO, Dara Khosrowshahi, said in statement that, “very few entrepreneurs have built something as profound as Travis Kalanick did with Uber.” But, as Uber grew and approached going public, his bellicose style appeared more as a liability than an asset to investors.
Now Kalanick says he will focus on his other ventures, such as CloudKitchens, a company hoping to provide rental kitchens to restaurants so they can cheaply get food out via food delivery companies, like Uber, to customers.

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