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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
>> More fall out at Uber on Monday. Not only is CEO Travis Kalanick likely to take a leave of absence in the wake of a series of scandals. But Senior Vice President Emil Michael, a close confidant of Kalanick, will leave the company all together. A source telling Reuters, no final decision has been made yet related to the CEO taking leave.
00:00:22
The news comes after Uber's board on Sunday adopted a series of recommendations from the law firm of former U.S. Attorney General Eric Holder. Following a wide ranging investigation into Uber's culture and practices. Reuter's Tech Correspondent Joseph Menn reported on the meeting.>> Holder's law firm, Covington & Burling, was called into the company to do a sweeping review of management practices after an explosive blog post by a former engineer at the company, named Susan Fowler.
00:00:49
Fowler said that she'd been sexually harassed by a manager, and that the managers above that person were not only unresponsive, but dissembled when they were asked to investigate and take action. They said that they'd never gotten a complaint like that before, when in fact they had.>> Company insiders and investors telling Reuters that even a temporary departure by Kalanick would be a shock for the Silicon Valley start up world.
00:01:14
It would also hugely impact the company's culture, which has been largely defined by Kalanick's brash approach. And as if sweeping sexual harassment probes and a management crisis weren't enough, Uber self driving car program is in jeopardy after a law suit brought by Google's Waymo, claims Uber stole trade secrets.
00:01:34
Sources telling Reuters that Uber is also facing a criminal investigation by the US Department of Justice over it's use of a software tool that helped it drivers evade local transportation regulators.