Uber isn’t having a leadership crisis. It’s having a shareholder revolt. It has been clear for some time that imposing new procedures aimed at changing the company’s culture would require Mr. Kalanick to give up the reins as CEO. In normal circumstances, the board would decide on a course of action, take a vote and […]

Read More

It’s hard to square the statement by Olympus that its M&A transactions, which are now the subject of an independent investigation, “were in no way improper.”  Presumably, the propriety of the deals is up to the investigation to determine. It’s precisely that sort of statement that makes investors skeptical about the company’s commitment to shedding […]

Read More