Uber's key CEO candidate backs out at the last minute

Uber's choice of a replacement CEO just got more problematic. Former GE chief Jeff Immelt has announced that he has "decided not to pursue" Uber's top spot despite reports that he was the leading candidate. Immelt didn't say what prompted the withdrawal, but it's an unusually open declaration given that Uber hadn't publicly discussed that he was in the running. However, sources speaking to Recode suggest that he recently fell out of favor -- and that his departure is coming at a particularly bad time.

Supposedly, Uber is worried not just about criticism of Immelt's time at GE (his performance there was mixed), but also former CEO Travis Kalanick's eagerness to have Immelt take his old position. The investors at Benchmark are worried that Immelt might be too eager to please Kalanick and would give the ousted CEO too much power. The company is eager to prove that it has turned a corner after grappling with its toxic culture, and it may have trouble doing that if the very executive blamed for creating that culture comes roaring back.

Some members of Uber's board are pushing for HPE chief Meg Whitman to become CEO, since she's vehemently opposed to Kalanick's involvement. However, Whitman has publicly and staunchly rejected the possibility of becoming Uber's CEO, so her chances are slim.

Regardless of who gets the nod, you'll likely learn about the new CEO in the very near future.
It's rumored that elections have been held for its new leader and the company will tell employees about the choice by mid-week. The company likely won't waste much time before making its choice public -- it wants to show passengers and investors that its dark days are over, and that means picking the person who'll (hopefully) set Uber's course for years to come.

Comments

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...

Nigeria’s first female banker, Sarah Morocco-Clarke is dead

Sarah Adenike Morocco-Clarke, Nigeria’s first female banker is dead. Morocco-Clarke died at the age of 80 on Sunday, 16 September 2018, after a short illness. Sarah Morocco-Clarke, an alumnus of Queen’s College Lagos, started her career with First Bank (then Bank of British West Africa, and subsequently Standard Bank) as a pioneer female employee, and rose through the ranks at First Bank Nigeria and was made the Services Manager and Secretary to the South Administration, wherein she had a mandate that covered the services of all the First Bank branches in Southern Nigeria. While she worked in the banking industry, she was manager of numerous First Bank branches in Lagos and was subsequently made a Regional Manager in charge of Bendel, Ogun and Oyo states. She was also an Area Manager in the Western part of Nigeria. Popularly known as the ‘Iron Lady, Morocco-Clarke leaves behind six successful children, thirteen grandchildren and three great-grandchildren.

BBNaija winner, Miracle, gets Pilot license

The winner of the BBNaija ‘Double Wahala’ reality show, Miracle Ikechukwu, has obtained his Private Pilot License and Flight Dispatcher License. The 23-year-old took to his Instagram page to share the news by posting a picture of his licenses alongside birthday wishes for his mother. He wrote, “Today is also my pillar’s birthday (my sweet mum). Thank you, mother, for always being there for me through the journey. “To all my lovely fans, I thank you all for your patience and support. We made it. PPL in the bag. Happy new month,” Miracle said. During the course of the BBNaija show, Miracle, who was in aviation school prior to the show, continually expressed his desire to obtain all piloting licenses as soon as possible. He expressed his resolve during the eviction nights where he wore his piloting uniform each time he was up for possible eviction. Miracle’s total winning prize included N25m cash, a Sub-Urban Vehicle worth N12m and a trip for two valued N4.7m, Television an...

BAMY BLOG

Search This Blog