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00:00:01
>> Uber's Board of Directors meeting Sunday to discuss a temporary leave of absence for its CEO, Travis Kalanick. As the embattled ride hailing company deals with several major issues, including two separate wide-ranging investigations into sexual harassment claims. Reuters tech correspondent Joseph Menn reported on the meeting.>> Uber's still really going through a lot.
00:00:25
It’s had a lot of executive turnover. It’s in the midst of a profoundly significant piece of civil litigation with Google self driving car subsidiary WAYMO. And it’s got the sort of background of continual struggles in various locations around the world where it can be running afoul of regulations.
00:00:46
So Uber's got a lot going on.>> Sunday's meeting could be a huge turning point for the worlds most valuable venture backed private company, which is worth roughly $70 billion, but has yet to turn a profit. A source telling Reuters the board will consider sweeping changes to the company's management practices at the meeting.
00:01:06
And that the discussion would involve the possibility that Kalanick might return in a role with less authority. Kalanick has a reputation as an abrasive leader and his approach has rubbed off on his company. Last week Uber said it fired 20 employees and is expected to adopt a number of internal policy and management changes recommended by outside attorneys hired to investigate the sexual harassment claims and the firm's broader culture.
00:01:32
The board which includes Kalanick is also expected to vote on recommendations made by former U.S. Attorney General Eric Holder who conducted a separate review of the companies policies and culture. Uber will likely tell employees and the public of its decisions this week.