Editor's note: Peter Drucker, famed business expert, is credited with the quote, “Culture eats strategy for breakfast.” It’s true that a culture of any organization resists change. So it will be interesting to see if the culture that was both damaging and part of Uber’s success can forcibly evolve.
Travis Kalanick, the chief executive of Uber, said last week that he would take an indefinite leave of absence. CreditKim Kyung-Hoon/Reuters
Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.
Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, according to two people with knowledge of the situation, who asked to remain anonymous because the details were confidential.
Earlier on Tuesday, five of Uber’s major investors demanded that the chief executive resign immediately. The investors included one of Uber’s biggest shareholders,...
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