Uber’s Missteps Should be a Cautionary Tale to the Tech Industry
This week, news broke that Uber’s investors demanded and got CEO Travis Kalanick’s resignation. The company has been embroiled in controversy from the get-go, and Kalanick should have been let go much sooner. The fact that the company’s investors backed Uber with astounding $15 billion and tolerated its behavior for so long speaks volumes about their lack of leadership. Some of Silicon Valley’s most powerful people backed an illegal enterprise — which is exactly how the Harvard Business Review describes it — that willfully and systematically broke the law, racked up over $150 million in fines, lied to the public, strong armed local governments around the world, abused employees, exploited drivers, violated users’ privacy, and triggered thousands of sexual harassment complaints.