Uber's wrong turn

FOX News

Uber CEO Travis Kalanick has resigned from the ride-sharing service he co-founded, another twist in a rough year for the company. Uber has faced scandals on multiple fronts. The company launched two investigations into allegations of harassment. Kalanick, who took an indefinite leave of absence last week, was at the center of controversy over a profanity-laced outburst with an Uber driver that was caught on video. There's also a court battle stemming from allegations that Uber stole trade secrets from Waymo, Alphabet's (GOOGL) self-driving car development company.

Uber CEO takes indefinite leave, top executives will run company

FOX News

Uber CEO Travis Kalanick announced on Tuesday that he will take a leave of absence from the ride-sharing company he co-founded. The move coincided with the release of former Attorney General Eric Holder's report on allegations of harassment throughout Uber's ranks. Uber released the list of recommendations provided by Holder's law firm, saying the company's board of directors will adopt all of the changes. In an email to employees, Kalanick said he needs to take time off to grieve after the loss of his mother, who died in a boating accident late last month, and "to reflect, to work on myself, and to focus on building out a world-class leadership team." "The ultimate responsibility, for where we've gotten and how we've gotten here rests on my shoulders," Kalanick wrote.