Expedia boss set to take over at Uber

Game of Thrones

Now Khosrowshahi must bring those skills to bear at Uber, the world's most valuable private technology company, succeeding Kalanick, who was forced out in June after months of turmoil at the ride-hailing upstart.

With the bulk of Uber's troubles being tied to Kalanick, investors intervened by calling on him to step down as CEO and following consultations and pressure, he agreed to resign his position.

Uber's board made the decision to appoint Khosrowshahi on Sunday (August 27), according to multiple reports, but no official announcement has been made by either Uber or Expedia.

Khosrowshahi has several positive attributes, including the ability to run "a successful and profitable public company, something Uber hopes to be over the next few years".

Uber's drivers are already anxious that Khosrowshahi will trim their wages as part of the effort to make money, said Chris Townsend, director of field mobilization for the Amalgamated Transit Union, which has been organizing the drivers in NY.

"Running Uber will be no easy task", reported the New York Times.

Diller mentioned in regulatory filings that the 48-year-old Dara Khosrowshahi is likely to accept the offer.

Khosrowshahi is an Iranian-born immigrant whose parents found their way to the United States in 1978 following the Iranian revolution. While at Allen & Co, Khosrowshahi knew of IAC Chairman, Barry Diller as a client and determined to work for him based on the monumental business choices the latter made.

Khosrowshahi tryst with CEO-ship started when Expedia spun away from the IAC conglomerate in 2005. While the driver was convicted of the assault in India in 2015, that lawsuit was filed after Kalanick and two other Uber executives privately floated an outlandish conspiracy theory that the woman had never been raped and that Uber had been framed by its competitor Ola.

Earnings figures confirmed by AFP showed that adjusted net revenue was $1.75 billion in the second quarter, more than doubling from about $800 million in the same period in 2016. That's because Khosrowshahi is now sitting on about $184 million in unvested (EXPE) stock options as of Monday's close, according to FactSet, potential earnings he would give up if he left the online-travel company. He has been an outspoken critic of Donald Trump: Khosrowshahi blasted Trump's travel ban, which includes Iran, as "inward-looking" and "reactionary". "He's also not cut out of the typical Silicon Valley "bro" mold, being an immigrant and a person of color", Dawson wrote in comments obtained by Fox News.

Dara Khosrowshahi and his wife, Sydney.



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