From CNET: Travis Kalanick, the co-founder and former CEO of Uber, will resign from the company's board of directors by the end of the year. This comes after he sold more than $2.5 billion of company stock since early November. His departure will be effective Dec. 31.
"Uber has been a part of my life for the past 10 years," Kalanick said in a statement Tuesday. "At the close of the decade, and with the company now public, it seems like the right moment for me to focus on my current business and philanthropic pursuits. I'm proud of all that Uber has achieved, and I will continue to cheer for its future from the sidelines."
Kalanick was forced to step down as CEO of Uber in 2017 by five of the company's top investors. The move came after months of scandals at the company, which included a dashcam video of Kalanick berating an Uber driver, a #DeleteUber movement, allegations of a chaotic corporate culture that OK'd sexual harassment and a lawsuit brought by Waymo claiming Uber stole its self-driving car tech.
Former US Attorney General Eric Holder conducted an investigation into Uber in 2017 and concluded the leadership of the company created a hostile work environment.
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