Uber CEO Travis Kalanick resigns amid mounting pressure from investors

In SAN FRANCISCO — issues at Uber proved too difficult for its hard-charging co-founder and CEO Travis Kalanick, who late Tuesday night Pacific time resigned from the ride-hailing company he helped found in 2009.

Kalanick stepped down after receiving a letter from some of the largest investors in the company, according to a report in The New York Times.

The letter, titled “Moving Uber Forward,” asked that the CEO depart immediately but also assist in the search for his successor as well as a chief financial officer, according to anonymous sources quoted in the Continue reading “Uber CEO Travis Kalanick resigns amid mounting pressure from investors”

CEO Marissa Mayer resigns as Yahoo-verizon deal closes

U.S. communications giant Verizon completed its purchase of troubled internet company Yahoo on Tuesday.

The chief executive of Yahoo, Marissa Mayer, told employees she would be resigning now that the transaction was over.

In a message, Mayer outlined a long list of developments at the company under her tenure, and said she was “brimming with nostalgia, gratitude and optimism” in spite of her departure.

Continue reading “CEO Marissa Mayer resigns as Yahoo-verizon deal closes”

AUN President Ensign resigns, interim president appointed

American University of Nigeria, AUN main gate

The President of the American University of Nigeria, AUN, Yola, Margee Ensign, has resigned.

Ms. Ensign described her decision to leave the AUN as “painful” in a mail she sent to the AUN community.

“I have made this decision for several reasons but in full confidence that together we have built a strong and thriving university.

Continue reading “AUN President Ensign resigns, interim president appointed”

U.S. National Security Advsier, Flynn, resigns

Michael Flynn

President Donald Trump’s national security adviser, Michael Flynn, resigned late on Monday after revelations that he had discussed U.S. sanctions on Russia with the Russian ambassador to the United States.

It was discovered that the conversation had taken place before Mr. Trump took office; and Mr. Flynn had misled Vice President Mike Pence about the conversations.

Continue reading “U.S. National Security Advsier, Flynn, resigns”

South Korean President offers to resign

south_korean_president_park_geun-hye_igqj-resized-800

Embattled South Korean President Park Geun Hye on Tuesday said she was prepared to resign, but would let the parliament decide on her exact political fate.

Speaking in a televised address in Seoul, Ms. Park added that she would be prepared to let the lawmakers decide how long she should remain in office, if necessary.

“I will leave it up to the National Assembly to determine my fate, includin Continue reading “South Korean President offers to resign”

Former British Prime Minister, David Cameron, resigns from parliament

British Prime Minister, David Cameron

Former British Prime Minister David Cameron has resigned from the UK parliament “with immediate effect”.

“It is not going to be possible to be a normal backbencher as a former prime minister,” Mr. Cameron told the BBC on Monday.

He added that his presence in parliament could be a “distraction” for his successor as Prime Minister, Theresa May.

Mr. Cameron had pledged to support Mrs. May, who “has got off to a Continue reading “Former British Prime Minister, David Cameron, resigns from parliament”