Expedia's Dara Khosrowshahi to replace Kalanick as Uber CEO
- Author: Eleanor Harrison Aug 31, 2017,
Aug 31, 2017, 1:04
Early investor and Uber board member Benchmark Capital had sued former Uber CEO Travis Kalanick, saying that they would not have granted him the power to appoint two additional board seats if they had known about the allegations of sexism and law-breaking at the company. At Wednesday's meeting, he reportedly spoke about the difficulties he experienced over the past half-year and received a standing ovation from the assembled workers. Huffington also said that the board vote on his hiring had been unanimous, meaning that Kalanick did not put up the fight that had been expected.
Creating a similar stability everlasting was likely a factor in besieged Uber's decision to offer Khosrowshahi the unfilled CEO position, but he himself believes that parallels between the two companies already exist.
Uber's board, which includes ousted CEO Travis Kalanick, wrote in the memo that it unanimously voted for Khosrowshahi to take the helm of the ride-hailing giant.
People who have worked with Mr Khosrowshahi said he evolved from being a tough deal-maker at investment bank Allen & Co into a well-rounded executive who still loves the deal but can also make peace with government regulators and compromise where needed - both skills required by Uber.
In a following tweet she made this even clearer: "We have a lot of work still to do at HPE and I am not going anywhere".
But business experts and industry peers said Khosrowshahi's 12 years leading Expedia, and his time before that as chief financial officer at Barry Diller's media conglomerate IAC, is proof enough that he is an apt deal maker who can grow a publicly traded business and turn a profit.
He joined San Francisco-based Uber's all-hands staff meeting Wednesday to take questions from employees, board members said in their email.
With Uber, Khosrowshahi inherits an embattled company rocked by months of scandal involving alleged sexual harassment in the workplace and questionable workplace practices.
Whitman said: "I am fully committed to HPE and plan to remain the company's CEO". The startup reported losing $645 million in a single quarter. In Huffington's last foray in front of Uber's troops, she was on the receiving end of an ill-timed sexist joke from TPG's David Bonderman about women talking too much.