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]
Top stories from Recode
It’s a founders’ company.
Laura Ponto is the new chairman of the board of the Commercial Drone Alliance.
They have disrupted traditional industries with strategies and tactics previously unknown and unimagined by traditional warriors.
This is cool
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.