Inside Travis Kalanick’s Resignation as Uber’s C.E.O.<br />Mr. Kalanick, who had built Uber into a transportation behemoth in just eight<br />years, quickly called Arianna Huffington, an Uber board member, for advice.<br />Mr. Bonderman also increasingly clashed with Mr. Kalanick at board meetings<br />because he felt Mr. Kalanick was dragging his feet on hiring key executives, like a chief operating officer and a chief financial officer.<br />One by one, executives, board members, investors and even close friends slowly fell away as Uber became embroiled in a seemingly ceaseless series of legal<br />and ethical scandals, according to interviews with more than a dozen Uber insiders, former employees, investors and others, who asked to remain anonymous because they were not authorized to speak publicly.<br />“I love Uber more than anything in the world, and at this difficult moment in my personal life, I have accepted the investors’ request to step aside so<br />that Uber can go back to building rather than be distracted with another fight,” Mr. Kalanick said late Tuesday.<br />Finding a replacement for Mr. Kalanick, who built up the company aggressively, is likely to be complicated<br />because he will remain a presence at Uber: He still has a board seat and voting rights.<br />Two venture capitalists — Matt Cohler and Peter Fenton of the Silicon Valley firm Benchmark, which is one of Uber’s biggest<br />shareholders — presented Mr. Kalanick with a list of demands, including his resignation before the end of the day.
