Uber Chief Executive Travis Kalanick steps aside indefinitely

Travis Kalanick, the CEO and co-founder of Uber, said Tuesday he will take time off to grieve for his mother, who died in a boating accident last month.Uber simultaneously released a 13-page document calling for major reforms at the company based on a probe led by former United States attorney general Eric Holder, who investigated allegations of misconduct and sexism.A 13-page report, issued by outside attorneys including former U.S. Attorney General Eric Holder, recommends Uber makes the board more independent, and tie executive pay to ethics, diversity.Holder also recommended that COO candidates have backgrounds in diversity and inclusion, saying that would reinforce “actions resulting from recommendations. relating to tone at the top and the need to focus on diversity and inclusion at Uber“.It is said that Uber needs to change its culture, and a key step in achieving that change will be the new leadership team the company hires. It also suggested increased support of Uber’s human resources department.The findings cited a February blog post from former Uber employee Susan Fowler, who wrote about multiple instances of sexual harassment she said the company had failed to deal with.Uber CEO, Travis Kalanick has made a decision to stay away from the company’s day-to-day operation for some time now. Chief among them is reassigning some of Kalanick’s responsibilities to other employees.The board voted unanimously to adopt all of the recommendations of the report, according to a board representative.”There is of course much to be proud of but there is much to improve”, he wrote.The recommendations include suggestions to review Kalanick’s responsibilities and also to appoint an independent chairman and create an overseeing committee on the board in order to establish a checks and balances system that holds management accountable for its mistakes.The report takes aim at the company’s oft-criticized culture, including the 14 “core values” that Kalanick partly authored as Uber, founded in 2009, ramped up its growth plans. The board now has eight voting members, three of whom are from within the company.Uber has fired more than 20 employees after a law firm investigated complaints of sexual harassment, bullying, discrimination and other violations of company policies. This person would “act as a full partner with the CEO but focus on day¬ to¬ day operations, culture and institutions within Uber“, the report said.”Thank you so much everyone for all of the kind messages today”, Fowler, who is now the editor-in-chief of Increment, a publication for payments company Stripe, tweeted. Uber’s diversity figures are similar to the rest of Silicon Valley, with low numbers for women and underrepresented minorities.