Expedia chief a costly choice for top Uber job – New York Post


Uber has gotten rave evaluations for its new CEO decide — however it might should pay by means of the nostril to get him.

The scandal-ridden experience-hailing firm has offered its top job to Expedia Chief Executive Dara Khosrowshahi, who has gained reward for turning across the journey website together with his dealmaking prowess and willingness to deal with thorny issues at their root.

That might come in useful as Uber battles a slew of scandals it suffered under former CEO Travis Kalanick, starting from intercourse-harassment fits to accusations from Google that it stole commerce secrets and techniques on self-driving automobiles.

However, 48-year-previous Khosrowshahi additionally occurs to be one of the lavishly paid CEOs in America. In 2015, he earned almost $95 million in compensation together with inventory choices, making him the very best-paid CEO within the S&P 500 that yr.

Although Khosrowshahi earned simply a sliver of that final yr — $2.5 million — he’s been slated for yet one more fats payout within the subsequent few years on the situation that Expedia’s inventory continues to rise.

That’s as a result of he has signed a lengthy-time period employment settlement with Expedia that doesn’t expire till 2020 — and which incorporates three million inventory choices that might be value as a lot as $184 million if he stays at Expedia, according to Bloomberg.

“It’s definitely a hurdle” for the negotiations between Uber and the journey government, stated Jefferies analyst Brent Thill.

“He stands to lose a lot, which leads me to believe that Uber is making him quite an offering,” provides Morningstar analyst Dan Wasiolek.

The Iranian-born exec had not but accepted the job as of Monday afternoon, having reportedly beat out Hewlett Packard CEO Meg Whitman and General Electric Chairman Jeff Immelt.

But if Khosrowshahi manages to extract a hefty compensation package deal from Uber — which stated final week it misplaced $645 million in a single quarter, whittling at a money pile that now stands at $6.6 billion — analysts say he is perhaps value it.

During his tenure, the web journey firm’s share worth had soared sixfold and its market cap expanded by $18 billion. Khosrowshahi grew revenues to $eight.eight billion final yr from $2.1 billion in 2005 when he took the helm — and with out the drama that ousted Kalanick from the corporate he co-based in 2009.

“Expedia is one of the best-performing travel stocks year to date,” stated Jefferies analyst Brent Thill, including that in Khosrowshahi, Uber is “getting a grownup who understands corporate culture.”

While Uber was rocked by scandal this yr, Khosrowshahi was having fun with a 93 % approval score from Expedia staff, who additionally rated it among the many 100 greatest locations to work, according to Glassdoor.com, a job and recruiting website.

If Khosrowshahi accepts the job, he’ll have his work reduce out for him, together with snatching again market share that rival Lyft has taken since Uber imploded.

“Lyft has made deep inroads during this difficult time,” stated Jim Fowler, chief government of Owler.com, a database of firm and government info just like Linkedin. “Dara could give Uber time to heal.”

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