Pressure from Uber‘s board concerning the company’s toxic culture prompted CEO Travis Kalanick to step down. (Credit: Eric Risberg/AP)
Tue, 07/18/2017 - 12:03
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In times of organizational crisis, some companies are able to right the ship, while others sink under the pressure.
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Recently, Uber has been under fire for a bad corporate culture, which promoted, among other things, sexism and other forms of toxic behavior. This led to a four-month investigation and pressure from the board for founder and CEO Travis Kalanick to take an indefinite leave of absence. He suddenly resigned as CEO on June 20, 2017, after several major investors demanded he step down.
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