Homepage / Technology / Op-Ed: Uber should take Warren Buffett’s advice for finding a new CEO
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Стиль и Защита: Чехлы на Телефон и Планшет от Womux com NikaDate.com 2025: Trick Insights Before You Sign up with Elderly Sizzle: Come Across Great Hookups Over 40? | 1win APP: Descargar, Juegos, Casino, APK Chile cl 1win Punjab FC create history with historic 2-1 win against Everton FC SofiaDate Evaluation 2025: Is This Website Worth The Buzz And Cash? bets10’in Kazançlý Slot Oyunlarý Nv Casino: Przewodnik po Świecie Gier Hazardowych Casino Wazamba Online Summary Discover the best local hookup internet sites for meeting wives Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription popochka Hesap Açma Promosyonu Veren Siteler Xslot Kumar ve Güven Merkezi Get the absolute most out of your ebony bbw site source Leading Online Casino Rocketplay Evaluation Find the right partner on nymphomaniac dating website what exactly are local sex websites and exactly how can they assist you to? casino 643 Online Casino 7slots Grandpashabet 2217 Güncel Giriş Adresi Grandpashabet2217 com 5804 grandpashabet güncel Trezor Suite Official Desktop && Web Crypto Ledger Live App: Buy, Sell, Stake and Swap Crypto Hardware Wallet & Crypto Wallet Security for Crypto Shared: The 7 Things Men Want from Females What is Ledger Recover? New Feature Review 2024 What is Ledger Recover? New Feature Review 2024 Enjoy the thrill of meeting new individuals in web adult chat rooms sex 1Win Burkina Faso Parie en ligne chez le bookmaker en Afrique Grandpashabet Bahis Sitesi Güvenilirlik ve Eğlencenin Buluştuğu Adres 0053 Southern African Men – Meeting, Dating, and More (plenty of Pics) Silvana lee adult Grandpashabet Grandpashabet Resmi Güncel Giriş 7719 Enjoy a fun, protected, and unique dating experience Nuevos casinos en Argentina: expansión y regulación conforme al juego responsable Philadelphia Gay Dating: Get The Best Partners Lucky Jet официальный сайт игры от 1win games Join our community of bisexual women and discover your perfect match today Merdeka777: Daftar Situs Judi Slot Online Terpercaya Make buddies and discover love with local fetish chatroom Лучшие Онлайн Казино С Высокими Выплатами На Рулетке 2025 SecretBenefits Assessment: Prices, Characteristics and Buyer Critiques Website Resmi UIN SMH Banten Abebet Slot Sitelerinde Hoþgeldin Bonusunun Avantajlarý Maltcasino: Yeni Üyeler Ýçin Hoþgeldin Bonuslarý Opiniones sobre 1xSlots Lee las opiniones sobre el servicio de 1xslot com What you’ll want to know Take step one towards love and pleasure today Making Uses Of Prednisone Tablets Take control of your love life in order to find bbw mature lesbians today Bahis Sitelerinde Ücretsiz Deneme Bonusları Nasıl Kullanılır? Rulet Masalarında Bonuslarla Daha Fazla Kazanın Player women online dating| discover single video games women at Masalbet: En Çok Kazandýran Casino Sitesi Gambling in Australia and Modern Settlement Methods: The Rise of PayID TUAN88 Situs Main Game Online dengan Aman dan Nyaman Brit Cam Place — Singles From British Look For Pleasant Companions And Dating 1xbet Registration ᐉ 1xbet Sign Up برنامج المراهنات الرياضية تحميل التطبيق العميل Eg 1xbet Com Cassino Kto Jogos Para Cassino Online No Brasil” 1xbet Apk 1xbet للموبايل حمل تطبيق 1xbet لأنظمة أيفون و أندرويد 1xbet مصر Eg 1xbet Com Melhores Casas Sobre Apostas No País Brasileiro 2024 Casa-apostas Apresentando” قم بتنزيل 1xbet على جهاز الكمبيوتر ، وكيفية تنزيل تطبيق سطح المكتب على جهاز الكمبيوتر برنامج المراهنات الرياضية تحميل التطبيق العميل 1xbet Com How To Try Out Roulette Rules & Guide How To Win From Slots: Top Ideas To Boost Your Own Chances How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Perform Slot Machines Najlepsze kasyna bez depozytu 2025 The Best Different Roulette Games Strategy Tips In Order To Win At Roulette Promozioni effettive di 22Bet in Italia Отзывы о казино Stake от реальных игроков 2025 о выплатах и игре The Best Different Roulette Games Strategy Tips To Win At Roulette Cassinos legais no Brasil: novas regras e melhores sites Top 10 Biggest Casinos In The Usa 1xbet 보너스 받는법 및 출금 롤링조건 등 사용법 총정리 온라인카지노 Kr Your Current Reliable Partner Regarding Tent Manufacturing Online Kaszinó Játékok És Élő Kaszinó Játékok History Of Las Vegas Casinos Who Else Built It & How Sin City Emerged To Be En Güvenilir Canlı Bahis Empieza Casino Sitesi Игровые Автоматы На мнимые Деньги Играть Онлайн В Лучшие Слоты How To Available A Casino: A Detailed Six-steps Guide Gaming Paradise Is Just Around The Corner: Top Ten Casinos Throughout Las Vegas Find the right person: tips for effective singles dating over 60 10 Regarding The World’s Largest Casinos: The Greatest Casinos Ever! Gamification : la limite entre jeu vidéo et casino en ligne se brouille Ufc 302 Gdzie Oglądać Za Darmo I Na Żywo? 2 06 24 ‎Casino ua online casino club on the App Store 1xbet تسجيل الدخول للجوال قم بتسجيل الدخول إلى حساب 1xbet الخاص بك “원엑스벳1xbet 프로모션 코드 2024: Jbmax Vip! Sweet Bonanza Ücretsiz Demonstration İle Oyun Deneyimi Verde Kaszinó: Új Kaszinó Oldal Rendkívüli Bónuszokkal! Türkiye Casino Sitelerinin Adresi 2024 En Iyi Türk Online Casino En Güncel Ve Güvenilir On Line Casino Ve Bahis Sitelerinin Adresi 2024 Listesi 1xbet 모바일 앱-어플 2024, 버전, 다운로드, 설치, Ios, 안 Diocesan Development Services To The Particular North Karamoja Dds-n Sai Dwaraka In Nessun Caso Tours & Travels Pin-up On Line Casino Türkiye En İyi Canlı Casino Oyunları Ve Slot Makineleri Strategies for making a bisexual woman feel very special and loved Diamond Casino Heist The Big Disadvantage Walkthrough

Technology

Op-Ed: Uber should take Warren Buffett’s advice for finding a new CEO

Uber CEO Travis Kalanick resigned this week after a group of investors pressured him to step down. Kalanick co-founded Uber in 2009 and it is widely observed that the company and its aggressive culture were formed in his image. That, it turns out, was both a good and a bad thing.

On the positive side, under Kalanick’s aggressive leadership Uber rapidly became one of the most highly-valued private companies in the world, with a valuation just under $70 billion. He deserves a lot of credit for that.

The company disrupted its industry by offering those of us who relied on taxicabs for years an alternative that is easier, less expensive, and cooler. Pushing a button on our smartphones is so much more convenient than hailing a taxicab and paying cash that most of us haven’t braved the elements and crowded streets to hail a taxicab since becoming hooked on Uber.

On the negative side, a culture that tolerated widespread sexual harassment, mistreated employees, and ran roughshod over regulatory requirements grew in parallel with the tremendous economic growth of the company. That is why Mr. Kalanick’s legacy is sadly and avoidably mixed.

His downfall demonstrates the way in which the very qualities that enable an executive to achieve great success have a shadow side and can become a detriment if not counterbalanced by other qualities. What Victor Hugo wrote in Les Misérables can be applied to Mr. Kalanick’s recent flameout: “This light of history is pitiless; it… often casts a shadow just where we saw a radiance.”

The qualities that enabled Kalanick to achieve success included an aggressiveness that would not be satisfied with slow and steady growth, and a pugnacity that would not shy away from a conflict with regulators. Those qualities propelled the impressive growth of Uber but became a detriment when they ran roughshod over ethical concerns and regulatory requirements. Mr. Kalanick’s personal qualities also became a detriment when a leaked video showed him berating an Uber driver, thus tarnishing his leadership image and alienating drivers and the public.

Mr. Kalanick’s emphasis on achieving rapid growth could have been counterbalanced by a concern also for creating a culture of respect and fairness in which sexual harassment would not be tolerated. That would have right as a matter of ethics and also smart as a matter of business.

Employees who are treated well work harder and longer with greater loyalty than employees who are mistreated. In the long run you cannot achieve lasting success in business if you are smart about numbers but stupid about people.

Can a company be as aggressive as Uber is and also be ethical? Absolutely. In fact, a company can be aggressive and downright admirable.

It is possible to be aggressive and ethical in business in the same way that it is possible to go for it within the rules of good sportsmanship in sports. Kevin Durant was recently named the NBA Finals MVP. Anyone who watched the NBA finals knows both that Durant was aggressively trying to win, and that he is a good sportsman.

Executives who want to be aggressive and ethical can also benefit from considering the example of Wayne Gretzky, who dominated the rough game of hockey while avoiding brawls and conducting himself with grace and class.

He led his teams to four Stanley Cup championships, was named the league MVP nine times, and was the league’s leading points scorer for an amazing ten of the twenty seasons he played. But he also won the Lady Byng Trophy for sportsmanship five times.

In contemplating the decisions that led to his resignation, Mr. Kalanick would have done well to carefully consider Warren Buffett’s “rule of thumb” as included in the Berkshire Hathaway Code of Business Ethics and Conduct:

“…I want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper – to be read by their spouses, children and friends – with the reporting done by an informed and critical reporter.”

The Uber board of directors would also do well to carefully consider the wisdom of Buffett in searching for a new CEO who can pursue growth aggressively while also reassuring investors and gaining the trust and respect of employees and customers.

Mr. Buffett offered the following hiring advice:

“We look for three things when we hire people. We look for intelligence, we look for initiative or energy, and we look for integrity. And if they don’t have the latter, the first two will kill you, because if you’re going to get someone without integrity, you want them lazy and dumb. I mean, you don’t want a spark of energy out of them.”

Here’s hoping that Uber and its next CEO figure out how to go for it with intelligence, energy, and integrity in its next chapter. In setting the priorites for their next chapter, they would do well to consider the advice of Zappos CEO Tony Hsieh: “If you get the culture right, most of the other stuff will just take care of itself.”

Commentary by Joseph Holt, a business ethics professor at the University of Notre Dame’s Mendoza College of Business. Follow him on Twitter @busethicsdude.

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.

Source: Tech CNBC
Op-Ed: Uber should take Warren Buffett’s advice for finding a new CEO

Comments are closed.