Uber tries to exorcize the ghosts of its past management in its IPO paperwork. The only problem is that ex CEO Travis Kalanick is still on the board.
But the cofounder and former CEO of Uber appears many more times, if your read between the lines of the company's S-1 filed on Thursday. And for the most part, it seems, he's there to serve as a punching bag.
"We are on a new path forward with the hiring of our Chief Executive Officer Dara Khosrowshahi in September 2017 following many challenges regarding our culture, workplace practices, and reputation," Uber says towards the beginning of the document.An entire section labeled"Conduct and Culture" includes categories like"Tone at the Top" and refers to efforts to"fundamentally reform our workplace culture.
Kalanick served as Uber's CEO from 2010 to 2017, turning the ride-hailing company into the unstoppable juggernaut worth nearly $70 billion. But the company was rocked by It must make for awkward reading for Kalanick, given that he's still a member of the company's board of directors.
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