U.S. markets open in 3 hours 41 minutes
  • S&P Futures

    3,678.00
    +23.75 (+0.65%)
     
  • Dow Futures

    29,441.00
    +156.00 (+0.53%)
     
  • Nasdaq Futures

    11,288.50
    +60.25 (+0.54%)
     
  • Russell 2000 Futures

    1,697.50
    +15.40 (+0.92%)
     
  • Crude Oil

    82.04
    +0.81 (+1.00%)
     
  • Gold

    1,677.40
    +8.80 (+0.53%)
     
  • Silver

    19.08
    +0.37 (+1.99%)
     
  • EUR/USD

    0.9811
    -0.0009 (-0.09%)
     
  • 10-Yr Bond

    3.7470
    0.0000 (0.00%)
     
  • Vix

    31.07
    +0.89 (+2.95%)
     
  • GBP/USD

    1.1167
    +0.0043 (+0.39%)
     
  • USD/JPY

    144.3460
    -0.0970 (-0.07%)
     
  • BTC-USD

    19,522.84
    +41.81 (+0.21%)
     
  • CMC Crypto 200

    446.46
    +0.48 (+0.11%)
     
  • FTSE 100

    6,928.72
    +47.13 (+0.68%)
     
  • Nikkei 225

    25,937.21
    -484.84 (-1.83%)
     

Uber CEO Travis Kalanick may be forced to temporarily step down

At this point, it’s effectively impossible to keep up with all of scandals that Uber has found itself involved in over the past few years. From trying to sabotage Lyft to purposefully breaking Apple’s iOS privacy rules, Uber has a well-earned track record of openly disregarding rules for monetary and marketshare gains. And that’s to say nothing of the personnel issues impacting Uber, including various sexual harassment accusations and a widely circulated video featuring CEO Travis Kalanick aggressively arguing with an Uber driver.

In the wake of the aforementioned video, Kalanick went so far as to issue a rare public apology, stating in part: “It’s clear this video is a reflection of me — and the criticism we’ve received is a stark reminder that I must fundamentally change as a leader and grow up. This is the first time I’ve been willing to admit that I need leadership help and I intend to get it.”

Don't Miss: Tim Cook says Apple’s AI is already watching you

All in all, it seems that we can’t even go a full month without a new Uber controversy making its way into the news cycle. That being the case, there may be some huge changes afoot for the popular ride sharing company. According to a new report from Reuters, Uber’s board of directors will be having a meeting later today where one of the topics of discussion will center on whether or not Kalanick should temporarily step away from the company.

The report adds that if that’s the route the board takes, it’s possible that Kalanick will return to the company with less power than he currently wields.

The source said it is not clear that the board will make any decision to change Kalanick’s role. The board is expected to adopt a number of internal policy and management changes recommended by outside attorneys hired to investigate sexual harassment and the firm’s broader culture. The outside lawyers made no recommendation about Kalanick.

Any new initiatives undertaken by the board will likely be made public early this week.

Trending right now:

  1. You’ve never seen anything like this massive Amazon sale on Echo, 10 different Kindles, more

  2. Brilliant gadget lets you control any garage door opener you already have from your phone

  3. 25 most important announcements from the Xbox E3 2017 press conference

See the original version of this article on BGR.com