Uber CEO Travis Kalanick Steps Down

In early June, there were rumors about Uber CEO Travis Kalanick taking a leave of absence after his mother passed away. An email sent to Uber staff also stated that Kalanick would have a diminished role in the company and a chair would be appointed to limit his influence in the company.

On June 20, Kalanick announced that he would be resigning from Uber, which he co-founded in 2009. According to an article by The New York Times, shareholders wanted a change in leadership, which meant that Kalanick had to go.

Basically, there was a lot of drama that has to be kept confidential since there’s millions of dollars involved.

“I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors’ request to step aside so that Uber can go back to building, rather than be distracted with another fight,” Kalanick said in a statement.

It’s hard to tell whether Kalanick is being the bigger person by removing himself, or if he’s just putting a brave mask over his emotions. Either way, it’s easy to say that Uber may be experiencing some big changes this year.