Monday, August 28, 2017

Uber's Key Candidate For CEO Backs Out

Who in their right mind would want to be CEO of Uber? Personally, I think the company really needs to go with a woman at the helm if they want to fix their image.

Uber's choice of a replacement CEO just got more problematic. Former GE chief Jeff Immelt has announced that he has "decided not to pursue" Uber's top spot despite reports that he was the leading candidate. Immelt didn't say what prompted the withdrawal, but it's an unusually open declaration given that Uber hadn't publicly discussed that he was in the running. However, sources speaking to Recode suggest that he recently fell out of favor -- and that his departure is coming at a particularly bad time.