Uber searches for a new CEO in wake of Kalanick's departure

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February 23 - Google spinoff Waymo sues Uber, claiming the ride-hailing company stole its self-driving auto technology.

The company, he said, could still thrive under the right CEO - a visionary like Kalanick but someone who can also bring a more grown-up work culture. That referred to efforts by the board and investors to oust him despite his outsized ownership stake. It was one fight too many after years of tussles with just about every business partner Uber touched.

Kalanick may have resigned as embattled CEO, but he will be staying with the company in a different capacity: embattled board member. "There is no business model in being at war".

Uber, which is the world's richest venture-backed startup, valued at some $68 billion, operates in dozens of countries despite problems with regulators in many jurisdictions and protests from established taxi operators.

"By stepping away, he's taking the time to heal from his personal tragedy while giving the company room to fully embrace this new chapter in Uber's history", the board said on Wednesday.

The move comes as the world's largest ride-hailing company struggles to morph from a freewheeling start-up into a mature company. In an email to customers, the company said it couldn't "endure the recent loss of business".

Chris Simek, a researcher at the Texas A&M University Transportation Institute that authored the study, said that among those who chose another service, "about half reported using RideAustin most often to make that type of trip".

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When the Austin City Council, citing safety concerns, voted in favor of an ordinance to force the companies to run fingerprint-based background checks on their drivers, Uber and Lyft successfully campaigned to put the rule up to a public vote.

June 20: Uber embarks on "180 days of change", seeking to persuade riders and investors that it is a company with a conscience and a heart. A series of missteps, from allegations of stealing technology to a profanity-laced outburst that was caught on film by an Uber driver, led to Kalanick's resignation. This incident in some way reflects the company's working style which had high disregard for the law of the land and has come to haunt it now. The U.S. Justice Department is investigating Uber's past usage of phony software created to thwart regulators. "I think the Uber organization as a whole is doing a good job", Mastandrea said.

"People are seeing how much loyalty they can get from their employees when they treat them as human beings", she told Bloomberg Television's Caroline Hyde.

Kalanick's decision to step aside came after an internal investigation conducted by former US Attorney General Eric Holder.

But RideAustin's fortunes turned during the Legislature's 85th regular session this year, when lawmakers passed a statewide regulatory framework for ride-hailing companies that supersedes local ordinances - including Austin's. Gov. Uber also is reducing the time that riders have to cancel a ride to avoid being slapped with a $5 fee from five minutes to two minutes after summoning a driver.

Said to be very passionate about the firm he co-founded, Kalanick was very accessible to even the most junior most employees and was always excited about new ideas. The company began searching for a chief operating officer. The company also recently hired two standouts: Harvard Business School's Frances Frei as its senior vice president of leadership and strategy and Bozoma Saint John, who left Apple to become Uber's top brand officer. The company promised a large-scale reset aimed at fixing an aggressive corporate culture, while Kalanick took a leave of absence, and that was only Tuesday.

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