C.E.O of American travel company Expedia takes on top job at scandal-hit Uber

0
377

Dara Khosrowshahi, 48, will have to overhaul the taxi app firm’s image, repair relations with its investors and make it profitable.

The Iranian-born businessman was chosen by Uber’s board over the weekend after a series of meetings.

But Khosrowshahi could come with a price tag of more than £150m, according to Bloomberg.

He owns unvested stock options in Expedia worth £143m that are likely to be forfeited. He is also likely to command a hefty salary. ‘You combine a rock star chief executive with a turnaround-like scenario and you can basically assume the number is going to be stratospheric,’ said Aalap Shah, managing director at Pearl Meyer, an executive compensation consulting firm.

‘I don’t think they are going to get him for any kind of bargain. This is a situation where the next chief executive is going to make or break this company.’

Khosrowshahi faces a daunting task at Uber, where he must overhaul the company as it recovers from accusations of sexual harassment and a lawsuit alleging trade-secrets theft.

Source: Daily Mail

LEAVE A REPLY

Please enter your comment!
Please enter your name here