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Uber CEO Says Relationship With Ex Chief Travis Kalanick 'Fine but Strained'

Uber CEO Says Relationship With Ex-Chief Travis Kalanick 'Fine but Strained'

By Reuters | Updated: 24 January 2018 17:43 IST

Photo Credit: Bloomberg

Highlights

Uber CEO Dara Khosrowshahi replaced Kalanick in August
Kalanick was pushed out by the company's board last year
Khosrowshahi was speaking on the sidelines of World Economic Forum

Uber Chief Executive Dara Khosrowshahi said the ride-hailing company's relationship with former chief Travis Kalanick was "fine but strained".

Kalanick was pushed out by the company's board last year amid a litany of regulatory problems, driver and consumer scandals, and court cases.

Khosrowshahi replaced Kalanick in August.

"The relationship with Travis is fine but its strained because obviously there was a lot that happened in the past that wasn't right and I think the moral compass of the company was not pointed where it needed to be," Khosrowshahi told CNBC on the sidelines of the World Economic Forum meeting in Davos on Tuesday.

"While you don't want to blame individuals, in the end the CEO of the company has to take responsibility."

Khosrowshahi, however, said that Kalanick has been available as a board member to provide guidance.

Last week, a consortium led by SoftBank Group took a 17.5 percent stake in Uber, mostly by buying shares from early investors and employees at a discounted valuation of $48 billion (roughly Rs. 3.05 lakh crores) for the company.

Kalanick sold nearly a third of his 10 percent stake in the ride-services company for about $1.4 billion (roughly Rs. 8,900 crores), a person familiar with the matter told Reuters.

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