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I would rather have Uber crash and burn under the stewardship of Kalanick (unlikely scenario) than have the same happen under a clueless board and a replacement
by slice_of_life 9y ago
I would rather have Uber crash and burn under the stewardship of Kalanick (unlikely scenario) than have the same happen under a clueless board and a replacement CEO (likely scenario).
I said it before and you can mark my word. This decision to hire Immelt as Travis' replacement only goes further to solidify my claim. Bad decision. Very bad decision.
- dna_polymerase 9y ago> Bad decision. Very bad decision. I agree. Immelt is an HBS educated manager. <- Full stop. That's the only thing about him. He has no Silicon Valley experience and worked for the GE his whole life. The only thing I would hire him for is to stabilize the company to finally go public. I bet the VC's plan exactly for that. I would not expect any innovation in Ubers business from now on. Immelt will bring Uber in shape for Wall Street, VCs cash out and then the whole thing can go to hell. As bad as Kalanick was, he was aggressive and hungry for success. Immelt is nothing of that. Bye bye Uber.
- wastedhours 9y agoHow much do we think the CEO position will be genuine, or more of an honorary position to make the company seem stable?
- slice_of_life 9y agoI hadn't seen it that way but like @dna_polymerase pointed out above, it may very well be. I still maintain it's myopic and undeserving of a company I'd like to think of as the next facebook/amazon/google/microsoft These are outfits that have provided tremendous value to the entire planet. My view was that Uber could have followed the same trajectory. Now, not so much anymore.