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On the story about Jeff Jones, someone commented that Kalanick has a stock arrangement that gives him control of the board. Does anyone know if this is true? I

On the story about Jeff Jones, someone commented that Kalanick has a stock arrangement that gives him control of the board. Does anyone know if this is true? I can't see how they can let this hemorrhaging continue when the problem is obviously Kalanick's leadership. But it shows no signs of stopping. The only other thing I could think of is that the board is complicit in something worse than what's been exposed, and is afraid Kalanick will blow things up if they move on him. EDIT: BBC is now reporting that two separate internal sources at Uber say Kalanick will step down when a new COO is in place. http://www.bbc.com/news/technology-39323828 http://www.bbc.com/news/technology-39323828

kelukelugames 10y ago
Blind says Kalanick is stepping down.
- rattray 10y ago
  Who is Blind?
  - daegloe 10y ago
    @kelukelugames may be referring to the "anonymous work talk" app: https://us.teamblind.com https://us.teamblind.com Which, it's been reported, is widely used among Uber employees: https://techcrunch.com/2017/02/25/ubersecret/ https://techcrunch.com/2017/02/25/ubersecret/
- umeshunni 10y ago
  https://twitter.com/anildash/status/843692126437302272 https://twitter.com/anildash/status/843692126437302272 "Two separate, well-placed sources at the company have told the BBC that Mr Kalanick will likely step down as chief executive soon after the new COO is in place."
- achow 10y ago
  Blind user is quoting the same BBC article.
msoad 10y ago
Nope: However, shortly after this story was published, another source, who also did not want to be named, said there was "zero chance" of Mr Kalanick stepping down when the new COO is announced.
goseeastarwar 10y ago
A founder/CEO that built a $60B company with control of the board? Not a chance in hell he steps down. For each person telling him to resign, there are hundreds stroking his ego and encouraging him to carry on.
- alphonsegaston 10y ago
  Uber's valuation is a collaborative performance that only stops being fiction if everyone plays along until they achieve a self-driving monopoly. Kalanick is tearing up pages of that script faster than new ones can be written and a whole lot of the performers are jumping ship. If he wants to be the king of an ash pile, so be it. But it's not gonna be an ash pile worth $60B.
  - goseeastarwar 10y ago
    Uber isn't going anywhere. Investors may take a short-term hit riding this wave of bad PR, but there's far too much machinery that will continue to push Kalanick's agenda forward. This thread is chock full of wishful thinking, but the fact of the matter is the vast majority of Uber's users just want to get somewhere and don't care how the company is being run.
    - ntelson1s 10y ago
      Most of the expressed opinions here do come from a bit of wishful thinking, but I think you're ignoring that Uber doesn't exactly have a monopoly. The service they offer already has competition and doesn't exactly require an insane technical expertise. Self-driving was a means to providing that after they've already expanded. So far only massive injections of cash have been the fuel behind their massive expansion success. Without self-driving tech, they lose the race to the monopoly they wanted as an end goal and at best need to restart and double down on their losses without leading the industry anymore... or let it burn.

kelukelugames 10y ago

Blind says Kalanick is stepping down.

rattray 10y ago
Who is Blind?
- daegloe 10y ago
  @kelukelugames may be referring to the "anonymous work talk" app: https://us.teamblind.com https://us.teamblind.com Which, it's been reported, is widely used among Uber employees: https://techcrunch.com/2017/02/25/ubersecret/ https://techcrunch.com/2017/02/25/ubersecret/
umeshunni 10y ago
https://twitter.com/anildash/status/843692126437302272 https://twitter.com/anildash/status/843692126437302272 "Two separate, well-placed sources at the company have told the BBC that Mr Kalanick will likely step down as chief executive soon after the new COO is in place."
achow 10y ago
Blind user is quoting the same BBC article.

msoad 10y ago

Nope: However, shortly after this story was published, another source, who also did not want to be named, said there was "zero chance" of Mr Kalanick stepping down when the new COO is announced.

goseeastarwar 10y ago

A founder/CEO that built a $60B company with control of the board? Not a chance in hell he steps down. For each person telling him to resign, there are hundreds stroking his ego and encouraging him to carry on.

alphonsegaston 10y ago
Uber's valuation is a collaborative performance that only stops being fiction if everyone plays along until they achieve a self-driving monopoly. Kalanick is tearing up pages of that script faster than new ones can be written and a whole lot of the performers are jumping ship. If he wants to be the king of an ash pile, so be it. But it's not gonna be an ash pile worth $60B.
- goseeastarwar 10y ago
  Uber isn't going anywhere. Investors may take a short-term hit riding this wave of bad PR, but there's far too much machinery that will continue to push Kalanick's agenda forward. This thread is chock full of wishful thinking, but the fact of the matter is the vast majority of Uber's users just want to get somewhere and don't care how the company is being run.
  - ntelson1s 10y ago
    Most of the expressed opinions here do come from a bit of wishful thinking, but I think you're ignoring that Uber doesn't exactly have a monopoly. The service they offer already has competition and doesn't exactly require an insane technical expertise. Self-driving was a means to providing that after they've already expanded. So far only massive injections of cash have been the fuel behind their massive expansion success. Without self-driving tech, they lose the race to the monopoly they wanted as an end goal and at best need to restart and double down on their losses without leading the industry anymore... or let it burn.