Hope everyone's paying attention to the identity of these investors behind this horrid behavior. Travis is not without his flaws but he created an awful lot of value for them.
They pressure him into taking a sabbatical, then two days in they pull this cowardly act of firing him remotely. Not only was it a cowardly act, but it was the wrong thing to do for the business. It will lead to an epic destruction of value.
Worst business move since Apple's board (with John Sculley's behind the scenes string pulling) fired Steve Jobs. How well did that work out for Apple's shareholders at the time?
Travis Kalanick needed to change but do you really think that running Uber by committee is going to work? Guess it's time to try Lyft.
They pressure him into taking a sabbatical, then two days in they pull this cowardly act of firing him remotely. Not only was it a cowardly act, but it was the wrong thing to do for the business. It will lead to an epic destruction of value.
Worst business move since Apple's board (with John Sculley's behind the scenes string pulling) fired Steve Jobs. How well did that work out for Apple's shareholders at the time?
Travis Kalanick needed to change but do you really think that running Uber by committee is going to work? Guess it's time to try Lyft.