Implications of Uber CEO’s Resignation
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FEATURING STEVEN HILL – The massive ride-sharing tech firm Uber is back in the news – this time over the resignation of its CEO Travis Kalanick, the aggressive Silicon Valley technocrat who had built up the highly-valued company since 2008.
Kalanick had recently taken a leave of absence from his position, which the company’s shareholders reportedly forced him to make permanent. Kalanick has attracted much controversy from his company’s mistreatment of drivers, to allegations of sexual harrassment within Uber’s workplace, to his decision earlier this year to join Donald Trump’s economic advisory council and even a videotaped interaction with an Uber driver.
What does Kalanick’s resignation mean for both Uber and what are its implications for the US economy?
Find more about Steven’s work at www.steven-hill.com. His latest book “Raw Deal: How the “Uber Economy” and Runaway Capitalism Are Screwing American Workers” will be out in paperback next week.
Steven Hill, a Senior Fellow with the New America Foundation and a Holtzbrinck Fellow at the American Academy in Berlin. He is a political writer and author of five books, including “Raw Deal: How the “Uber Economy” and Runaway Capitalism Are Screwing American Workers”.