Homepage / Technology / Why Uber's new CEO is the perfect antidote to Travis Kalanick
test Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane

Technology

Why Uber's new CEO is the perfect antidote to Travis Kalanick

While Uber’s choice for CEO, Dara Khosrowshahi, may seem less familiar than choices like Meg Whitman or Jeff Immelt, Khosrowshahi knows who matters.

Sources told CNBC he’s seen as a very qualified and respected choice for Uber’s CEO.

“He’s got an extraordinarily deep network,” said Brad Gerstner, founder and CEO of investment firm Altimeter Capital, which owns shares of both Expedia and Uber. Gerstner spent five years on the board of Orbitz, through 2015.

Khosrowshahi’s impressive Rolodex make sense given his start at Allen & Co — the “person-to-person” banking firm that hosts a posh networking event at Sun Valley, where CEOs are known to seal deals. His brother works there now, and he has many other influential family members in the business community, The Washington Post reported.

Khosrowshahi is also no stranger to some of the other important people behind Uber. Expedia founder Richard Barton is a partner at Benchmark, one of Uber’s top shareholders.

Khosrowshahi is also on the board of Fanatics, a company that recently snagged a $1 billion deal from SoftBank — a free-spending Japanese company that’s also said to be eyeing a stake in Uber.

All those connections make Brian Neider, Lead Edge Capital Partner, “super comfortable” and “pumped” with the choice, he told CNBC’s “Squawk Box” on Monday, adding that it would be great for Uber to get the stamp of approval from funds like SoftBank.

While Kalanick has come under scrutiny for his lack of soft skills, Khosrowshahi has spent years honing them, according to a deeply reported profile in the Puget Sound Business Journal last year.

“This is a guy who could spend a decade working side-by-side, very successfully, with [IAC’s] Barry Diller, who is no shrinking violet,” Jeff Sonnenfeld, senior associate dean for leadership studies at Yale, told CNBC’s “Squawk on the Street” on Monday. “I think that speaks legions for him.”

And that’s helped him restructure Expedia many times over, making deal after deal. That’s something something Uber’s been trying to do, selling off its Russian and Chinese businesses into new joint ventures and examining options for its leasing division.

Khosrowshahi was the head of corporate development, mergers and acquisitions for the companies that became media conglomerate IAC.

“When Expedia was struggling, he went in and became the lead operating executive. He uniquely possesses both operating capabilities as well as capital markets capabilities, which not a lot of global executives have. It’s a nuance that Wall Street appreciates, but it’s hard to understand,” Gerstner said. “That’s really pertinent to a company like Uber that’s strategically competing on a global basis. They have to figure out how to compete in all those different markets — and to partner, sell, or operate on a stand-alone basis.”

Plus, Uber has a slew of vacancies to fill: President Jeff Jones left the company. The search for a chief operating officer is still underway, and the executives in charge of business, finance, communications, engineering and self-driving cars are all out the door.

“He knows how to identify talent,” Gerstner told CNBC. “He knows what a world-class executive looks like. He has the frame of reference to evaluate candidates who exist within Uber and also has the network to attract the talent needed to take the business to next level.”

Then there’s hard-charging former CEO Travis Kalanick, who is still on the board of the company and poses “personality” issues, one investor said.

“It seems to me, from what I’ve read and what I’ve seen from other people covering this, that Dara is the type of person that’s going to come in and institute a culture that’s going to take away some of those distractions and probably put them on a more professional business path,” Paul Holland, an Uber investor and general partner at Foundation Capital, told CNBC’s “Squawk Alley” on Monday.

“And I think to that extent, as a major shareholder, whether it’s Travis or anybody else, they should all be pretty excited about this. And I suspect folks will get behind him to drive the company, ultimately towards an IPO.”

— With reporting by CNBC’s Deirdre Bosa

Source: Tech CNBC
Why Uber's new CEO is the perfect antidote to Travis Kalanick

Comments are closed.