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Transcript

00:00:01
>> Just as Uber continues to get clobbered by negative headline after negative headline CEO Travis Kalanick is taking a leave of absence for an undetermined of time. Kalanick under fire for a corporate culture that turns a blind eye to sexual harassment among other missteps. Making the announcement to employees Tuesday in an email seen by Reuters tech correspondent Heather Summerville.
00:00:25
>> A CEO departure is a fairly rare thing at a startup. So it's unclear when Kalanick will come back if he'll come back and really under what terms. There is still certainly some speculation that Kalanick may not actually come back and that this temporary leave is, in fact, a permanent one.
00:00:43
>> Even if he did not temporarily step aside, his work load was going to get lighter. The board accepting a key recommendation after an investigation led by former Attorney General Eric Holder, which strips Kalanick of some responsibilities. While he's gone running the company will be split between a dozen executives.
00:01:01
But several key roles remain vacant after an almost mass exodus of leadership since February. Uber expected to undergo significant changes to what has been deemed a hostile culture without the man largely responsible for creating it in the first place.>> Now these recommendations are sweeping. They call for tighter controls on company spending, more oversight of managers, more training, more guidelines for employees, such as, maybe, not having romantic relationships with managers.
00:01:31
>> Kalanick has become Silicon Valley's golden bad boy. His bombastic leadership style, taking Uber straight to the top, while at the same time becoming a lightning rod for controversy. But Uber's problems don't stop with Kalanick. They're bored deep. Leaked audio from today's all-staff meeting includes a sexist joke from board member and TPG Founding Partner, David Bonderman.
00:01:58
Aimed at another board member, Arianna Huffington, is quickly apologized.