Uber CEO Travis Kalanick said he will take a leave of absence. Here’s who will be running the company in Kalanick’s absence. Kalanick’s move came as Uber released its three-month internal investigation of its corporate culture, and promised to change. Here’s board member Arianna Huffington’s speech to the Uber staff; you can read the full report here. [Johana Bhuiyan / Recode]
An Uber board member who made a sexist remark during the company’s Tuesday all-staff meeting resigned the same day. David Bonderman, a founding partner at TPG Capital, directed a wisecrack about women at fellow board member Huffington. [Johana Bhuiyan / Recode]
Uber’s problems are Silicon Valley’s problems, says Katy Steinmetz in a think piece about Uber’s toxic culture. Shira Ovide posits that this is not just a Silicon Valley issue: “We have all created this monster. The public, the press, the people who work, invest in and care about technology.” [Katy Steinmetz / Time]
Yahoo CEO Marissa Mayer resigned from her five-year post as the Verizon deal concluded. She will leave with nearly $260 million. [Paul R. La Monica / CNN Money]
Attorney General Jeff Sessions testified publicly before the Senate Intelligence Committee and fielded questions about the Trump administration and Russia’s role in the 2016 election; watch the entire hearing here. [Tony Romm / Recode]
Here’s how Adobe got its customers hooked on subscriptions for its pricey design, photography and video software. The switch from a product-sales model to a cloud-based subscription model was risky, but five years later, revenue is way up. [Rob Walker / Bloomberg Businessweek]
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The secret origin story of the iPhone
This month marks 10 years since Apple launched the first iPhone, a device that would fundamentally transform how we interact with technology, culture and each other. Here’s an excerpt from “The One Device: The Secret History of the iPhone,” which traces the iPhone’s journey from Kenyan mines to Chinese factories all the way to One Infinite Loop. [Brian Merchant / The Verge]
This article originally appeared on Recode.net.