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>> Uber's Board of Directors voting unanimously to adopt all recommendations from a report stemming from allegations of sexual harassment and other issues at the company, a board representative said on Sunday. Also on the table, a possible temporary leave of absence for CEO Travis Kalanick as the embattled ride handling company deals with several major issues including facing a criminal probe related to its use of technology to deceive regulators, as well as allegations of stolen tech in its self-driving program.
Last week Uber said it fired 20 employees. The company has also suffered an exodus of several of its top executives. Former US Attorney General Eric Holder and his law firm were retained by Uber in February to investigate company practices after allegations surfaced of widespread sexual harassment. A source telling Reuters the recommendations in the report are expected to force greater controls on spending, human resources and other areas where executives led by Kalanick, have had a surprising amount of autonomy.
Sunday's meeting a big turning point for the world's most valuable venture-backed private company which is worth roughly $70 billion, but has yet to turn a profit. A board representative said the recommendations will be released to Uber employees on Tuesday.