The Uber power struggle that culminated in the resignation of CEO Travis Kalanick on Tuesday night was largely motivated by shareholders’ concerns that Mr. Kalanick wouldn’t be able to hire a “CEO-caliber” executive as chief operating officer who would stabilize the company and keep Mr. Kalanick in check, according to a major investor involved in the shake-up who spoke to The Information.
“It felt like Travis [Kalanick], despite his many talents and incredible work ethic, in so many ways...was not going to be the one that understood deeply the magnitude of what needs to change,” the investor said.