A victory for values. As of now, ex-Uber CEO Travis Kalanick’s resignation from the ride-sharing giant will reverberate throughout the start-up industry, underlining the costly mistakes that led to his downfall, writes Erin Griffith of Fortune. Few had thought when the first allegations of sexual harassment, poor management and aggressive business practices by Uber emerged, that Kalanick’s head would end up on the chopping block. These stains are hardly unique in Silicon Valley and will warn other startups, which want to do well, that every step must be well-calculated. No amount of success can undo costs on a human level.
Money speaks. Any change that may appear to be materializing after Kalanick’s resignation, whether it be with Uber or Silicon Valley as a whole, will be inherently superficial, theorizes Vanity Fair. The ride-sharing company may give moral reasons for letting go of its CEO, but bad publicity affecting revenue was probably their primary concern. Particularly as Uber seeks to go public, they want to clean up their image and start with the highest possible valuation on the stock market. Recent controversies made the company’s worth fall by billions. In the end, it took a financial strain on Uber to topple Kalanick, not his questionable practices.