Homepage / Technology / Cramer: Why Uber made the right call with its new CEO
Mostbet İncelemesi 2024 » Spor Bahisleri, Giriş & Oyunla Başkanın ilk icraatı işçi kıyımı olmuştur! 719 7slots kumarhane 90 Business Online Solutions What Is a Board Analysis? The Importance of Planning and Programs Development How Board Governance Software Improves Meetings and Governance How to Craft a Successful Board Meeting Reminder Benefits of a Virtual Data Room for Bankruptcy VDR Example for Business Hong Kong ユースカジノの登録方法を初心者にも分かりやすく図解入りで解説 チェリカジ 5 Как быстро пополнить счет в Казино Х в любой валюте Официальный сайт Up X казино и мгновенные игры Paşa Casino Mobil Uygulama 2025 Giriş Üyelik Bonusu Freespin No Deposit Bonus Casino Free Spins In New Zealand What Are The Best Online Casinos For Real Money Pokies And Bonuses In Australia Дэдди Казино официальный сайт Джойказино: информация про официальный сайт Glory Casino giriş için buraya tıkla ve Türkiyede en popüler casino kullanıcısı ol Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs The Benefits of Document Management Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal New Post WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know

Technology

Cramer: Why Uber made the right call with its new CEO

After months of hearing about scandals at Uber and the privately-held company’s very public search for a new CEO, CNBC’s Jim Cramer finally found something to be pleased with.

“I spend a lot of time criticizing boards of directors for failing to fire chief executives who’ve so obviously done a poor job of creating value for their shareholders. That’s why, when a company does something really right, I think they deserve praise,” the “Mad Money” host said. “So let me break down why exactly I believe Uber made the right call when they hired Dara Khosrowshahi.”

The ride-hailing company hired Khosrowshahi, the former CEO of Expedia, after its co-founder and former CEO, Travis Kalanick, stepped down due to pressure from shareholders.

Uber’s search for Kalanick’s replacement involved high-profile candidates such as HP’s Meg Whitman and Facebook’s Sheryl Sandberg, but looking back at Khosrowshahi’s history at Expedia, Cramer insisted he was the right choice for the job.

“The two situations — Expedia 13 years ago and Uber right now — are more alike you than you think,” the “Mad Money” host said.

In August 2005, IAC/InterActiveCorp, a large conglomerate of online businesses, spun off Expedia into a separate company. Khosrowshahi, then the chief financial officer of IAC, was appointed Expedia’s new CEO.

In his 12 years, shares of Expedia climbed from $22.43 from the stock’s first trading day to over $145 as of Wednesday’s close, a 550 percent gain. Expedia’s sales quadrupled while Khosrowshahi was CEO, from $2.1 billion in 2005 to $8.8 billion in 2016.

Cramer said the situation mirrors Uber’s because back in 2005, online entities like Expedia and Priceline were still fairly new and on their way to transforming how consumers organized their travels.

Rather than physically visiting travel agents, people could book flights, find hotels and compare prices directly online.

“To put it into contemporary terms, Expedia and Priceline were the Uber and Lyft of the travel industry, and Khosrowshahi? Well, he played a major role in shepherding that transformation,” Cramer said. “When he took over at Expedia, the company had $15 billion in annual bookings; as of last year, [it had] $72 billion in bookings.”

And Khosrowshahi did not ignore that powerful secular trend. As Expedia’s CEO, he orchestrated several strong acquisitions that contributed to his company’s growth.

In 2013, Expedia bought a controlling stake in Trivago, a price comparison website that became a very high-growth asset for Expedia. Even though Trivago has since spun off to become an independent company, the deal still made sense for Expedia, Cramer said.

Expedia’s $1.6 billion acquisition of Orbitz in February 2015 was even more of a game-changer for the company, and its $3.9 billion purchase of HomeAway in November 2015 put Expedia on a competitive playing field with the likes of privately-held rental giant Airbnb.

“Put it all together and Khosrowshahi did a lot of things at Expedia that he now can repeat at Uber. He built a company with tremendous scale that gives it a major leg up when dealing with hotels and rental car agencies and airlines,” Cramer said.

The CEO also led Expedia through a difficult time. After the 2008 financial recession, travel lost popularity and Expedia came under pressure for several years before bouncing back.

But Cramer said Khosrowshahi’s first months at Uber have been promising thus far. He’s demonstrated a “steadier hand” than his feisty predecessor, issuing an apology to the people of London after the U.K. city revoked Uber’s operating license.

“After months of flailing around, Uber finally made a great decision when they brought in Expedia’s Dara Khosrowshahi to run the company,” Cramer said. “This unicorn still faces a lot of challenges — for starters, Khosrowshahi needs to figure out how Uber can turn a profit — but maybe, just maybe, when the company’s ready to come public in a few years, it might actually be worth owning because this man’s at the helm.”

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Tech CNBC
Cramer: Why Uber made the right call with its new CEO

Comments are closed.