12 June, 2017
Uber's Board of Directors has voted unanimously to implement all of the recommendations contained within the report it commissioned from former U.S. Attorney General Eric Holder and his legal partners Tammy Albarrán.
It isn't clear what the details of Holder's report will contain or what actions the Uber board might take today, but the moment is shaping up as a critical one for Uber's future.
J. William Gurley and David Bonderman, two venture capitalists and independent board members who also hold super-voting shares, were anxious about the company's management, the people with knowledge of the matter said.
Key unfilled positions include chief operating officer, chief financial officer, chief marketing officer and general counsel - an astonishing list for a company that has more than $7 billion (€6.25 billion) in annual revenue and which was valued at $68 billion (€60.7 billion) by investors past year.
The board is expected to discuss Kalanick temporarily stepping down as head of the world's most valuable startup, Reuters and other outlets reported Sunday. This news comes on the heels of the firing of Eric Alexander, Uber's President of Business in Asia, following yet another episode of misconduct within the company's ranks, this time regarding illegally obtained medical records of a New Dehli, India woman who was raped by an Uber driver.More news: Lewis Hamilton not looking to be Mercedes' No 1 driver
The logo of the ride-sharing service Uber in front of its headquarters in San Francisco.
Kalanick has since the early days of Uber been the company's figurehead and while not its first, its longest-running CEO.
On Tuesday, Uber responded to that report's findings by saying it had fired 20 employees for a variety of reasons, and was increasing training and adopting new policies.
Uber Technologies Inc. has been making headlines as the transportation company looks to address a range of concerns in relation to the company.
Holder's recommendations for the company include a shakeup of Uber leadership - including a three-month leave of absence for Kalanick. Delhi banned Uber, accusing them of neglecting to carry out adequate background checks on drivers. Recode reports that Uber's staff will see the report on Tuesday.