It seemed that just yesterday Uber was the company of the future. Out of nowhere, the ride-sharing app transformed the way America gets from point A to point B.
But, something has gone wrong and what Uber is doing to try and correct the problem may end up killing the company instead of fixing it.
After some embarrassing reports of sexual harassment the company decided to go out and hire former Obama Attorney General Eric Holder to review the “company’s culture.”
The result was a hodgepodge of political correctness that a Bloomberg View analysis concludes threatens to kill off the very culture it’s trying to correct. Instead of focusing on culture, Bloomberg argues it should focus on strategy first.
On Tuesday, CEO Travis Kalanick announced he was taking a leave of absence from the company. Kalanick’s mother was recently killed in a car accident, and he’s reportedly been distracted.
The Wall Street Journal concurred that “the ride-sharing app won’t survive if lawyers and HR run the show.”