{"id":634707,"date":"2018-01-22T04:10:03","date_gmt":"2018-01-22T04:10:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/the-fall-of-travis-kalanick-a-cautionary-tale-of-silicon-valleys-culture-of-ceo-worship\/"},"modified":"2018-01-22T04:10:03","modified_gmt":"2018-01-22T04:10:03","slug":"the-fall-of-travis-kalanick-a-cautionary-tale-of-silicon-valleys-culture-of-ceo-worship","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/the-fall-of-travis-kalanick-a-cautionary-tale-of-silicon-valleys-culture-of-ceo-worship\/","title":{"rendered":"The fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship"},"content":{"rendered":"

The fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship:<\/strong> Bloomberg Businessweek\u2019s Eric Newcomer and Brad Stone<\/a> have penned the most detailed (and by far the most interesting) account of the fall from grace of former Uber CEO Travis Kalanick. From the infamous video of Kalanick disparagingly arguing with a driver about Uber\u2019s pricing to engineer Susan Fowler\u2019s blog post (an early spark to the #MeToo campaign fighting harassment at the work place), the piece runs through the laundry list of events that ultimately led to Kalanick\u2019s complete sidelining and resignation from Uber. In a year that saw the company go from the being one of the most profitable startups to industry pariah, the most common thread had been Kalanick\u2019s intransigence, hubris, and refusal to acknowledge that Uber faced more than just a PR problem. This was the largest driver in plummeting morale at the company, a plot by investors to oust him, and alienating his allies.<\/p>\n

Beyond being a tale of how culture at a company can be poisoned from the top, the piece reflects on a massive culture shift in the Valley.<\/strong> CEOs of successful companies \u2014 once held up as rock stars \u2014 are no longer deified. This shift owes a lot to Kalanick. Another culture shift coming from the controversy is how the moral center of the company went from the CEO to the board of directors, ushering the rise of the activist investor. \u201cApple Inc. once fired Steve Jobs; then he came back and led it to historic greatness. The dismissal of a successful founder has been considered a cardinal sin ever since.\u201d The Steve Jobs spell appears to have been broken.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship: Bloomberg Businessweek\u2019s Eric Newcomer and Brad Stone have penned the most detailed (and by far the most interesting) account of the fall from grace of former Uber CEO Travis Kalanick. From the infamous video of Kalanick disparagingly arguing with […]<\/p>\n","protected":false},"author":1,"featured_media":634708,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"f13b3de5-08ad-4adf-a6f7-2d7bce28b81f","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/1\/820.jpg","photo_position":"above","related_issue":[634686],"teaser":"","voice_url":""},"yoast_head":"\nThe fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/the-fall-of-travis-kalanick-a-cautionary-tale-of-silicon-valleys-culture-of-ceo-worship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship\" \/>\n<meta property=\"og:description\" content=\"The fall of Travis Kalanick \u2014 a cautionary tale of Silicon Valley\u2019s culture of CEO worship: Bloomberg Businessweek\u2019s Eric Newcomer and Brad Stone have penned the most detailed (and by far the most interesting) account of the fall from grace of former Uber CEO Travis Kalanick. 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Uber\u2019s board reportedly met on Sunday to discuss whether co-founder and controversial CEO Travis Kalanick would be stepping back. Kalanick could go on temporary leave or shift into another role, write Leslie Hook and Tim Bradshaw for the Financial Times. Kalanick\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646443,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/14\/uber-ceo-travis-kalanick-is-out\/","url_meta":{"origin":634707,"position":1},"title":"Uber CEO Travis Kalanick is out","author":"enterpriseam admin","date":"14 June 2017","format":false,"excerpt":"Uber CEO Travis Kalanick is out: Travis Kalanick told staff he plans to take a leave of absence and has not specified when he plans to return, Bloomberg reports. A management committee will be set up to run the company in his place.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646761,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/22\/travis-kalanick-uber-ceo-no-longer\/","url_meta":{"origin":634707,"position":2},"title":"Travis Kalanick, Uber CEO no longer","author":"enterpriseam admin","date":"22 June 2017","format":false,"excerpt":"Embattled Uber boss Travis Kalanick resigned as CEO of the company on Wednesday, Bloomberg reports. The move comes after five of Uber\u2019s major investors, including Benchmark Capital, wrote him a letter demanding his immediate resignation. His departure will leave the company scrambling to replace senior management including senior VP of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642429,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/uber-board-fighting-getting-nasty\/","url_meta":{"origin":634707,"position":3},"title":"Uber board fighting getting nasty","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"Uber board fighting getting nasty: A group of minority shareholders in Uber delivered a petition to majority shareholder Benchmark Capital yesterday asking that it sell at least 75% of its stake and step off the board. The petition is the latest act \u201cin a boardroom drama that threatens to tear\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643010,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/uber-taps-expedia-ceo-as-new-boss\/","url_meta":{"origin":634707,"position":4},"title":"Uber taps Expedia CEO as new boss","author":"enterpriseam admin","date":"28 August 2017","format":false,"excerpt":"Uber has reportedly tapped Expedia CEO Dara Khosrowshahi to \u201clead it out of crisis,\u201d Bloomberg reported overnight, just hours after former GE CEO Jeff Immelt said he had \u201cdecided not to pursue a leadership position at Uber\u201d \u2014 and less than eight hours after Bloomberg itself reported that Hewlett Packard\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646386,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/13\/leadership-shakeup-at-uber-begins\/","url_meta":{"origin":634707,"position":5},"title":"Leadership shakeup at Uber begins","author":"enterpriseam admin","date":"13 June 2017","format":false,"excerpt":"Leadership shakeup at Uber begins: Immelt\u2019s resignations comes at the same times as a leadership shakeup gets underway at Uber, where its senior vice president of business, Egypt-born Emil Michael, was forced out, according to Bloomberg. As we noted yesterday, Michael\u2019s ouster was recommended by a probe conducted by former\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=634707"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634707\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/634708"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634707"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634707"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}