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Uber CEO Travis Kalanick goes on an indefinite leave of absence
In a move that is widely being interpreted by the industry as CEO Travis Kalanick's stepping aside from Uber, Kalanick has gone on a leave of absence, the return date of which has not been declared.

A management committee of the company has been given the duty of managing the affairs of the company in Kalanick's absence.

This comes after the company was left red-faced a number of times for reasons which aren't even worth mentioning.

Also, this is not just any other leave. As per a report in Bloomberg, once Kalanick returns, Uber will appoint an independent chair in order to put a check on Kalanick's influence. Apparently, this means that Kalanick's influence on the decisions that Uber takes will not be the same post his return.

This comes after the company had employed Eric Holder, a former US Attorney General to conduct a probe into allegations of sexual harassment at Uber.

Holder has given extensive recommendations to the company in order to create a better and safer work culture at the company. The recommendations also include reducing alcohol use at work events as well as prohibiting intimate relationships between employees and their bosses.

The recommendations have been unanimously approved by the company's board. The board has also fired Emil Michael, the company's head of business.

Kalanick, in a mail written to the employees of his company has defined this part of Uber's journey as Uber 2.0 but that does not erase the fact that Uber has had to lose many important members of the company's management after scandals of sexual harassment at the company emerged.

Add to that the fact that despite increasing revenue, the company has been making losses ranging in hundreds of millions of dollars.

What remains to be seen is how Uber 2.0 fares in Kalanick's absence, something which shall be under close scanner of many.

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