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Expedia CEO Dara Khosrowshahi Plans to Accept Uber's CEO Job

30 August 2017

Good chief executives typically ramp up discipline and accountability in employee ranks upon taking charge at companies, so that would likely be among steps taken by Khosrowshahi at the Uber helm, according to Bajarin.

Khosrowshahi, 48, was chosen by Uber's board Sunday to replace Travis Kalanick, who resigned as CEO on June 20.

Uber picked Khosrowshahi to be its next CEO on Sunday.

Another main candidate, Meg Whitman, is said to have the support of Kalanick's opponent, Benchmark.

The former Expedia chief executive will meet with staff for the first time on Wednesday, a statement from Uber said. But, the source said, Expedia has the power to control when and how the news is announced because Expedia is a public company. This seems to have allowed Khosrowshahi to get all the way to the final offer for Uber's top job without anyone in the Valley so much as blinking in his direction.

Uber executive Emil Michael suggested digging up dirt on journalists and spreading personal information of a female reporter who was critical of the Company.

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Dara will be joining Uber on Wednesday at 10am Pacific. Now they're without a manager.

During the 12 years he has been CEO at Expedia, Khosrowshahi has overseen a series of big billion-dollar acquisitions, including home sharing platform HomeAway and Orbitz Worldwide.

Another hurdle is the former CEO. More than 1,400 employees signed a petition showing their support for Kalanick after his resignation. In February, Susan Fowler, a former Uber engineer, wrote a lengthy blog post detailing her experience at the company, calling it a "very, very odd year".

Holder's public recommendations were approved by the board. And while Immelt had experience with large organisations, some board members felt he lacked the technical and strategic prowess to run Uber.

The company was forced to pay Dollars 20 million to settle allegations that the company duped into driving with false promised about earnings. The company, which is locked in an intense battle for leadership with SoftBank-backed Ola in India, counts India among its fastest growing markets.

Whitman also said Uber has yet to come up with a new governance structure. Uber had posted 16 per cent rise in ride bookings and 17 per cent growth in net revenue for the second quarter over the previous period, while its losses reduced by 9 per cent to Dollars 645 million at a global level.

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For the past few months, Uber has been without a chief executive officer. The company launched a 180-day campaign meant to rehabilitate its image with drivers in the U.S. On Tuesday, Uber restarted its operations there after paying a penalty. That's left many already poor full-time drivers with even less money.

Uber is also being sued by the self-driving company Waymo, a subsidiary of the search giant Alphabet. Those include sexual harassment allegations, a slew of firings related to a workplace culture investigation, political pressure, tussles with regulators, a legal battle with Alphabet, alleged distribution of a rape victim's medical records, a report of drug use, unflattering videos and emails from the former CEO, mergers, an exploding vehicle, steep losses and infighting among investors - just to name a few. In the court filing, Kalanick said he had initiated arbitration proceedings against Benchmark, arguing that the DE court where the lawsuit was filed does not have jurisdiction over board voting matters.

Uber confirmed on Tuesday that it was cooperating with an investigation into possible violations of the Foreign Corrupt Practices Act but did not reveal any details.

If he accepts the job, he will be leading the world's most valuable privately-held tech startup, valued at more than $US60 billion by its investors. After Kalanick was pushed out, he scrambled to find allies who would help him make a comeback, the people with knowledge of the matter said. He is tasked with transforming the company's culture, while shoring up the company's business in the wake of lawsuits and competition, analysts say.

Khosrowshahi is now a member of the boards of directors of Fanatics Inc. and The New York Times Company, and of the supervisory board of trivago, NV, a majority-owned subsidiary of Expedia.

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Expedia CEO Dara Khosrowshahi Plans to Accept Uber's CEO Job