31 August, 2017
A DE judge on Wednesday told Uber investor Benchmark that its dispute with fellow Uber board member and former CEO Kalanick should be handled in private arbitration. One former Uber executive described the vibe internally as "strong optimism", but said a key concern lingers among employees: "continued distraction from Travis".
Khosrowshahi also told Bloomberg on Tuesday the Uber CEO job was "the opportunity of a lifetime".
For the 14-member, bitterly divided board of directors, which is now running its day-to-day operations, Mr Khosrowshahi is a compromise choice that the dysfunctional yet highly innovative company needs.
His plans include rebuilding Uber's culture and growing market share as well as possibly conducting an initial public offering in 18 to 36 months, according to people who attended the meeting. The company's former CEO Travis Kalanick had to go after he took the company to the cleaners. The venture capital firm argues that special powers Mr. Kalanick negotiated in 2016 - which gave him control over three board seats, including one he occupies - were bestowed under false pretenses and should be nullified. Khosrowshahi accepted the job offer on Tuesday and he will now set about hiring new execs and trying to mend fences with Kalanick and the rest of the board.
Dara Khosrowshahi, the chief executive hired to restore confidence in the troubled taxi hailing company Uber, could not be more different to the man he replaces.
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Kalanick, who remains on the Uber board and was involved in hiring Khosrowshahi, welcomed his replacement. Despite this, Uber was plagued with problems and was subject to numerous reviews, especially after ex-employee Susan Fowler wrote a blog post about her experiences of sexual harassment at the company.
And if that weren't enough, Uber has also suggested that a US Department of Justice bribery trial may be in the offing too. Kalanick was at turns overly aggressive and unnecessarily careless as he grew Uber from a small cab-matching service in San Francisco, in 2009, into the world's most valuable private tech company.
An Uber spokesperson said a year ago that the company made the change to improve service. She left as a result of this acquisition, receiving a $186 million payout in the process, and now is reportedly looking for her next role at a company as the CEO.
"We have no indication he is leaving Expedia", said Dave McNamee, a spokesman for Expedia.