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.