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Uber's CEO Kalanick wasn't fired for bad behaviour

Company lost a lot of money under him -  US$2.8 billion on US$6.5 billion of revenue in 2016
Saturday, June 24, 2017 - 05:50

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Mr Kalanick's ouster is another reminder that meteoric growth and arresting vision are never enough. A CEO who is making a healthy profit for his firm has a secure position; but, even in Silicon Valley, a company that needs investors to stay afloat will sacrifice a founder if needed, whatever the company's by-laws.

London

AFTER a string of scandals and embarrassments, Uber's embattled CEO Travis Kalanick was forced to resign. The assumption is that he was pushed out for bad behaviour. The truth is more prosaic: the other problems compounded the basic one that he lost a lot of money. Uber lost US$2.8

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