These "employees" have become part of the over-used and quintessential definition of the so-called "gig economy." After much debate and public intrigue, ride-sharing company Uber has selected Dara Khosrowshahi the current chief executive officer of travel website Expedia as the company's next CEO. [8][4], In 1987, he graduated from the Hackley School, a private university-preparatory school in Tarrytown. In 1998, he left Allan and Co. to work for one of his clients called Barry Diller. [17]:321324, He forfeited his un-vested stock options of Expedia, then worth $184million, but Uber reportedly paid him over $200million to take the CEO position. This included Kalanick, even though Khosrowshahi had made clear that under his watch, Kalanick would have no role in Uber's daily operations; as he put it in one of his slides, "there cannot be two CEOs." Theyre reptilian aliens that can shape-shift and control the world, he explained. [4] Ten years later, in 2015, Expedia gave him $90 million in stock options as part of a long-term employment agreement, conditioned on him staying with the company until 2020. Dara Khosrowshahi, 48, has been the chief executive of the travel site Expedia. He often wears a t-shirt that reads, "We are all dreamers.". Last Sunday evening, the CEO sent a note to employees telling them Uber . They include "UberHue," which promotes black diversity, "Women of Uber," "Los Ubers" for Latino diversity and "UberPride" for LGBTQ inclusion. ', On diversity and global ambitions:Its really important for us to be global in nature and to be open to diverse kinds of backgrounds and cultures. Dara Khosrowshahi was CEO of Expedia for 12 years and has proved himself as an effective business leader. We dont fly planes. All rights reserved. Knowing the. "He didn't come in guns blazing," says Jessica Bryndza, Uber's global director of people experiences and employer brand. The fact that he asked for complete engagement with his new team at Uber shows his willingness to take Uber to the next level. And as you get bigger, bureaucracy takes over and you slow down. He has two kids from his first marriage, a 12-year-old son named . It was us and about 10,000 Chinese people looking to get married because its a very, very lucky day there.. Whether it's Waymo, whether it's more governance, he allowed the company to then go back to business. 5 With the leadership of Travis as the organization's first CEO, there was an authoritative leadership style in Uber. We celebrate differences. After several deadlocked votes, Benchmark, a venture capital firm that had helped lead the effort to push out Kalanick, promised to drop a lawsuit against Kalanick if it named Whitman as CEO. The Times beat me to the punch. CNET Magazine: Check out a sampling of the stories you'll find in CNET's newsstand edition. [23][24], Khosrowshahi has two children from a first marriage; a son, Alex and a daughter, Chloe. at the 60th to 75th percentile, because no one ever wants an average C.E.O., God help us.. In the previous six months, the ride-hailing service -- one of the world's most valuable startups -- had careened out of control, providing fodder for headline after headline. After four days, Uber and Waymo settled. Another cousin, Golnar, founded Reservoir Media in 2007 as a music publishing company. Pick, Dara Khosrowshahi, Steps into Brighter Spotlight", "Uber's CEO Comes From What May Be the World's Most Techie Family", "Dara Khosrowshahi, Dad of Silicon Valley", "The amazing life of Uber's new CEO Dara Khosrowshahi from refugee to tech superstar", "Spinoff of Expedia Comes at Tough Time for Its Sector", "Dara Khosrowshahi: Executive Profile & Biography", "Here's One CEO Who Probably Justified His $94 Million Payday", "New Uber CEO Dara Khosrowshahi: What you need to know", "Uber picks Dara Khosrowshahi as its new boss", "6 things to know about Uber's CEO pick Dara Khosrowshahi", "Uber officially announces Dara Khosrowshahi will be its new CEO", "Uber's New CEO May Get at Least $200 Million to Exit Expedia", "Read Uber CEO Dara Khosrowshahi's Letter to Employees on IPO Day", "Uber CEO calls slaying of Jamal Khashoggi 'a mistake' and compares it to a self-driving car crash", "Uber CEO calls Jamal Khashoggi murder 'serious mistake', Uber gave CEO Dara Khosrowshahi $45 million in total pay last year, but it paid its COO even more, Legality of ridesharing companies by jurisdiction, https://en.wikipedia.org/w/index.php?title=Dara_Khosrowshahi&oldid=1137916332, Exiles of the Iranian Revolution in the United States, Brown University School of Engineering alumni, Pages containing links to subscription-only content, Short description is different from Wikidata, Pages using infobox person with multiple spouses, Articles containing Persian-language text, Creative Commons Attribution-ShareAlike License 3.0, Kathleen Grant (?2009, divorced), Sydney Shapiro (m. 2012present), This page was last edited on 7 February 2023, at 01:56. The two men have a long professional history, having worked together at Expedia when Mr Khosrowshahi was chief executive of the travel company. 2023 CNET, a Red Ventures company. Ethical, in fact. I had to be more forceful because of where we came from. It required lots of people to have lots of meetings before they did anything. Having served as the CEO of Expedia and as the current CEO of Uber, Dara Khosrowshahi presents a lot on the plate when it comes to experience and managing top brands. They know theyre having a tough time. He came into a nightmare, said Barry Diller, who, juggling calls from his yacht, helped him nab the job after the terrible board deadlocked between Meg Whitman and Jeff Immelt. Along with his apology tour, Khosrowshahi has aimed to eliminate distractions for the company. After George Floyds murder, he choked up in an all-hands meeting. Khosrowshahi was previously CEO of Expedia Group, a company that owns several travel fare aggregators. Uber insiders say that may be just what the ride-hailing service needs. It is a little hard to determine, but Dara definitely shows certain attributes of these two styles. But honestly, you know getting to 20,000 employees, getting to 30,000 employees and making sure that this is still a wonderful place to work where the individual can make a difference, where the individual can be the best person that they can be, thats a real challenge and it will continue to be a real challenge for us., On navigating crisis: We certainly had a big loss in 2008 but we leaned forward through that period. We have all these independent units all these independent brands that are doing their own thing. Its a bigger market., It hit him, he said, that all the businesses he had been shedding scooters, electric bikes, autonomous cars, flying cars were a distraction to the mission. [2], Khosrowshahi was born in 1969 in Iran into a wealthy family and grew up in a mansion on the family compound. They dont have to come to me to ask for permission to do something. During his tenure at Expedia, Khosrowshahi earned a lot of money. "On behalf of everyone at Uber globally, I apologize for the mistakes we've made. There was a significant rise in revenue as it grew from 2.1 billion USD in 2005 to 8.7 billion in the year 2016. He prefers giving his team credit to swanning. He allowed the company to then go back to business. When Chloe broke the news last year that she was, as she dryly put it, an Iranian lesbian, he gave her a fist bump and told her, Its the best time in the world to be gay.. thing and date a flock of supermodels and then, when he wanted to settle down, come back. We went to Las Vegas to get married. I think if you define fairness by fair market value, then C.E.O.s are paid fairly, he said. You need to up your eccentricity, she said teasingly. He allows other peoples voices to fill the room., Mr. Khosrowshahi said simply, I just grew up in a circumstance where getting along was the way to survive. (He is not religious but is fascinated by religious narratives. Uber currently has vacancies for several key positions including a CFO (officially . I think that they will have less of a problem with my tax record, he said. [19], Khosrowshahi's main task was to clean up the image of a company that had become one of the most despised in the country, in part due to revelations about Uber's corporate culture. Push, push, push, focus and by the way youre going to have a job. "While I can't erase the past, I can commit on behalf of every Uber employee that we will learn from our mistakes.". The new leader is not trying to hide from past errors in judgment. The technology that needs to be built to have that hamburger show up in 30 minutes, guaranteed, is spectacular, he said. . Your account is fully activated, you now have access to all content. He tries his best to make sure that Expedia, Inc. will provide the people of the world with the best possible experience. [8] His cousin Amir co-founded Nervana Systems, which was acquired by Intel in 2016 for $408million. Uber's business model relies on a cadre of drivers right across the globe. [3][5] His family founded the Alborz Investment Company, a diversified conglomerate involved in pharmaceuticals, chemicals, food, distribution, packaging, trading, and services. A regular member of the list of Prominent Iranian Americans since 2015, his qualities and hardships have put him in rarefied air. However, new CEO Dara Khosrowshahi is known for his visionary leadership style. And I think the way that you manage it is is you put the right people in the right places and then you trust them to do the right stuff. If feedback is to be believed and there is no reason in which not to there is an opportunity to improve the culture at Uber. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. Garrett Camp, Oscar Salazar and Travis Kalanick are the Uber founders. His family fled just before the country's revolution nine years later and eventually settled in Tarrytown, New York. He became a US citizen in 1996. Photographer: David Ryder/Bloomberg, The Memo: Plant-Based Laptops, BMWs Hybrid SUV & The Worlds Best Beach, 15 Ways To Build An Organizational Culture That Promotes True Gender Equality, 15 Ways To Get Comfortable With Not Always Having The Answer As A Leader, Pitching Your Startup In A Remote-First World, How Digital Marketing Can Be A Game Changer For Healthcare Providers, How Loyalty Programs Can Help Brands During A Recession, How To Surround Yourself With The Right People And Find Business Profitability. 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"They've been in damage control mode in a professional way That will get you out of what was an epic-scale mess. Previously: Meet Uber's choice. Period. Khosrowshahi was previously CEO of Expedia Group, a company that owns several travel fare aggregators. Under his leadership, Expedia has extended its global presence to more than 60 countries worldwide through the Expedia, Hotels.com . This brings me to my second leadership action. Chief Executive Officer Dara Khosrowshahi is the CEO of Uber, where he has managed the company's business in more than 70 countries around the world since 2017. . Initially, Expedia was a division of Microsoft but branched out in 1996. The experience of my family losing everything when they came to the US really shaped me. With Khosrowshahi in charge of Expedia, Inc., the company has grown massively.
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