FIRST AIRED: April 13, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:01
>> Uber is hunting for a new COO but, will CEO Travis Kalanick's iron grip on the company make that possible. I'm Heather Summerville, Technology Correspondent for Reuter's in San Francisco. Uber is looking to hire Chief Operating Officer, supposed to be a true partner to CEO Travis Kalanick. But, Travis Kalanick really controls the company, from the most minute details up to the biggest business decisions at the board level.
00:00:29
Raising doubts about how effective a COO, could be at a company that's entire need of a cultural overhaul. Uber has had a string of embarrassments over the last several weeks, including allegations from a former employee about widespread sexual harassment that went unpunished at the company. Investors and governance experts really point to the fact that the CEO has widespread control of this company.
00:00:55
Down to ordering things like the office decor and demanding that the beer taps be locked until 6 PM. But, the CEO also has widespread control at the board level, where he and two colleagues, really have significant voting power. Therefore, determining a lot of the high risk level decisions that are made.
00:01:16
Uber has been searching for weeks for the COO. It has not released any list of top candidates, and it has not said, when it will make a decision, that search remains ongoing. The biggest question, though, is really what sort of impact a COO can have when the CEO has this sort of widespread authority.
00:01:35
And for years, has been the single point of decisions, big and small at Uber.