This company has to change, says Uber's new CEO Dara Khosrowshahi

Uber Dara Khosrowshahi Reuters Lucas Jackson
Driverless Uber gets driver at last, Expedia's boss Dara Khosrowshahi
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01 September, 2017

He is a strong, visionary leader, has been a great mentor to many of us (me included), and I count him as a real friend. He'll attend an all-hands meeting on Wednesday, it said. Investigators are also still looking into the company's "Greyball" tool, which is reportedly what Uber used to bypass regulators in cities where their service is banned or blocked. It is common for venture capital-backed companies to signal an IPO at a vague time in the future.

The board of Uber confirmed Dara Khosrowshahi's appointment via a mail sent to all the employees of the company.

The Iranian American executive is also said to be a good deal maker. "Dara has turned Expedia from a travel agency into a digital powerhouse".

While employment attorneys often try steering clients away from arbitrators, given that they tend to favor businesses, both Kalanick and Benchmark are major and longstanding stakeholders in Uber, meaning it isn't clear which way an arbitrator might rule.

Okerstrom took over as Expedia's financial chief in 2011 and helped guide the company through a series of acquisitions, including Trivago, Orbitz, and HomeAway.

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Under former CEO Travis Kalanick, Uber expanded at speed, but left a trail of destruction and bad PR in its wake.

"There was no other candidate that the board considered". Khosrowshahi previously described his relationship with the brash founder as "budding". But the firm and its board had not spoken publicly on the decision until Tuesday evening.

Khosrowshahi may still have sought assurances that the board wouldn't try to roadblock his every move.

Mr Khosrowshahi is known as an experienced top executive, willing to speak his mind and to advocate for women getting equal pay and leadership opportunities. "Or do you want to change the world?' So the next day, I called the head hunter back".

There is urgency for Khosrowshahi to get to grips with the job as soon as he can. Not just Indianised versions of Amazon or Uber, but businesses that will solve big Indian problems in ways yet to be imagined. The startup lost $645 million in the three months ending in June. And its rivals overseas are raising billions and banding together.


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