Homepage / Technology / Uber’s search for new CEO hampered by deep split on board
Casino Güncel Giriş ile deneme bonusu veren siteleri keşfedin Kaydolun ve büyük kazançlar elde etmeye başlayın! CTS FOS-3126-PLUS-2A 24 Port Gigabit Managed Access Switch Simet Bilişim Teknolojileri A Ş. $300 Fund On the internet | Immediate On the internet Acceptance | No Credit assessment #4. Personal loans: Best Personal loans Having Poor credit Predicated on Rates Bryant Automobiles To become listed on Forces That have W-K Chevrolet Buick GMC Australia’s Online Online casino: Q7 Gambling Enterprise Just how CAIVRS Declaration Can possibly prevent You from Taking That loan “zagraj W Nowoczesnym Kasynie Onlin Manisa Gazeteciler Cemiyetinden Milletvekillerine çağrı Just how Taxation Bundle Change Inspired Domestic Collateral Financing and HELOCs to own 2018 and you can Beyond What can I take advantage of good 3000 lbs financing getting? One begs the question: is leveraged financing value including to your funding means? Exactly what do the changes Indicate having Federal Education loan Consumers? Pinup-az Online Casino Pin U Jakarta Smile: Klinik Dan Dokter Gigi Family Dental Care Pin Up Yukle Azerbaycan Android ötrü Pinup Apk Yükləyin 2023 School Of Marine Education They often in addition to use up all your adequate credit rating and you can date with the job to generally meet antique financing criteria Are you currently a seasoned Seeking Farming? USDA Can help Up until the drama, he told me, he failed to invest a penny, and you may a frequent underwriter approved ten money Branch is just one of the finest pay day loan apps such as for example Dave available for sale now 8 Software Such as for example Dave to have Quick Cash advances Benefits and drawbacks of a good 401(k) Mortgage Türkiye ve Avrupanın Online Casinosu Giriş Yap In which Do i need to See A reliable Credit card debt relief Company? 4 Reasons why you should Play with an unsecured loan to settle Credit card Personal debt How do you create a narrative article? Lisanslı kumar makineler para için: temel arama parametreleri Are you presently using your offset membership smartly? Just how much Should you Lay out to your a good $20,100 Vehicle? two hundred Buck Financing: How to get Immediate Put Exact same Date? Contrary Mortgage against. House Security Mortgage against. HELOC: That is Greatest? Expected in order to co-sign? What to know prior to co-finalizing a mortgage or financing Best Loans to have Funding a keen Camper Get Verde Casino Értékelés, Ingyen Pörgetés, Kaszinó Bónusz, Legjobb On The Internet Kaszin официального Сайт Онлайн Казин And also as in the list above, the 7a are a highly versatile sorts of financing 2 the fresh new individual-title profit supported by leases hit the market House of Jack Gambling Establishment Review Today the web based retail icon became mixed up in scholar loan sector by itself because of a collaboration that have Wells Fargo What is the Certificate From Qualifications (COE)? YourPayday is another among the many best choice to CashNetUSA to get a hold of online payday loans Searching Student education loans Remark: What you need to Understand What are the results Once you Imagine a loan? Washington FHA Lenders Washington FHA Loan Recommendations 2022 You should make sure When deciding on web site to have an online payday loan Betebet Giriş Adresi 846betebet com Casino X Официальный Сайт Играть В Казино середине Онлайн House of Jack Gambling Establishment Review ASUS Dual GeForce RTX 4070 OC 12GB GDDR6X 192 Bit Beyaz DLSS 3 Ekran Kartı Black Myth: Wukong Hediyeli Казино 1xbet Играть Онлайн бесплатно%2C Официальный Сайт%2C Скачать Клиен Efes Bet Casino: Kazanmanın Garantisiyle Eğlencenin Adresi Efescasino Güncel Giriş Sitesi Türkiye’nin En Büyük Yazlık Konut Üreticisi новые Бонусы В Онлайн-казино За Июнь 2024 Лучшие Предложения ддя Игр Pin Up 306 On Line Casino Başlanğıc Qeydiyyat, Bonuslar, Yukl เข้าร่วมทดลองเล่นสล็อตในเว็บตรงของเราและรับประสบการณ์ที่สนุกที่สุ 2024-ci Ilin Daha əla Qumar Saytları ️ Azərbaycanın Top Onlayn Qumar Veb-saytları Slottica online casino oyunları Игровые слоты в 7к: окунитесь в мир азартных развлечений Kim Гјretiyor oyun makineler: zamanla test edilmiЕџ Гјreticiler yazД±lД±m Kim Гјretiyor oyun makineler: zamanla test edilmiЕџ Гјreticiler yazД±lД±m The dashboard Diet Plan: A Comprehensive Overview How to Examine for Diabetes at Home Just How to Provide Pet Cats Pills: Easy Tips as well as Techniques Essay Writing Tips – How to Write Personal Essays How to Play Free Golf Solitaire Online How to Find the Best Mobile Casinos to Play Mobile Casino Slots Online Gambling Establishments that Approve Mastercard: A Comprehensive Overview Free Slot: A Guide to Playing and Winning Online Online Gambling Enterprise Real Money No Down Payment: A Total Guide The Enjoyment of Online Port Gamings Dealing With Varicose Veins: Efficient Strategies for Relief and also Prevention Comprehending Phase 2 High Blood Pressure: Reasons, Signs, and also Treatment Affordable Essay Writing Service Bitcoin Gambling Enterprises: The Future of Online Gambling Instant Play Online Gambling Enterprise: All You Required to Know Online Slots Real Cash No Down Payment: An Overview to Free Rotates and Perk Uses Neteller Gambling Enterprises: A Comprehensive Guide to Safe and Secure Online Betting Online Online Casinos that Approve Neteller Online Casino Real Cash No Deposit: Play and Win Without Threat Blackjack Gamings for Fun: A Comprehensive Guide Online Gambling Establishments That Approve PayPal: A Full Overview Free Online Casino Games The Safest Online Gambling Sites Sugar Pills: What Are They as well as What Are They Made use of For? Why Are My Veins So Blue? Custom Term Papers – A Great Resource For Pupils Free Online Casino Slots A Review Play Free Blackjack Gamings Online: A Comprehensive Guide The Surge of Bitcoin Online Casinos: A Comprehensive Overview Leading Gambling Enterprises that Accept Mastercard: A Comprehensive Overview Top MasterCard Online Gambling Establishments: A Comprehensive Guide Just how to Detoxification Your Underarms: A Comprehensive Guide Discover the Enjoyment of Free Online Casino Site Games Leading Ports: A Comprehensive Guide to the very best Port Gamings What to Know When Playing a Slot Machine Online The Very Best Online Lending Application in Nigeria Free Online Port Games: A Comprehensive Guide

Technology

Uber’s search for new CEO hampered by deep split on board

Some members of Uber’s eight-person board were excited about the idea of Meg Whitman becoming the ride-hailing company’s next chief executive.

Ms. Whitman, the chief executive of Hewlett Packard Enterprise and a former leader of eBay, appeared to have many of the right traits for the job: experience, maturity, a level head — the kind of qualities that Travis Kalanick, the Uber co-founder who stepped down as chief executive last month, mostly lacked. She had even personally invested in the company in the past.

Over the past few weeks, Ms. Whitman met with several Uber board members individually, offering advice on how to address the company’s problems. The members were encouraged by the discussions, and some believed that she was a natural fit for the vacant chief executive role. And after weeks of searching for a top candidate, they were eager to try to win her over.

More from The New York Times:
Uber’s Next C.E.O.? Meg Whitman Says It Won’t Be Her
Uber Offers a Thankless Job, and the Applications Flood
Inside Travis Kalanick’s Resignation as Uber’s C.E.O.

That group did not include Mr. Kalanick. He and several of his allies had a competing agenda that included their own preferred candidates for the top job and the possibility of returning Mr. Kalanick into an operational role, perhaps even as chief executive. His surrogates had also recently begun talks with the Japanese conglomerate SoftBank about an investment in Uber that could provide Mr. Kalanick a route to regaining power.

The jockeying between factions has put billions of dollars on the line, as the Uber board fights over control of the $70 billion ride-hailing giant. Interviews with more than a dozen people close to the process, who spoke on the condition of anonymity because the discussions are confidential, indicate that board members’ relationships have been damaged by leaks, shifting wildly as alliances are forged and then broken.

The backbiting has taken a toll. After it was reported that she was a candidate for the chief executive job, Ms. Whitman said last Thursday that “Uber’s C.E.O. will not be Meg Whitman.” She made her announcement in a series of messages on Twitter just as the Uber board was holding a quarterly meeting, at which they had planned to call a vote on whether to appoint her to the job.

The internal divisions mean the search for a new leader may drag on. Even as board members speak with other candidates, including Jeffrey Immelt, who is departing as chief executive of General Electric, about the chief executive job, a lack of cohesion is apparent. Some board members are not convinced that Mr. Immelt is the right choice, given that G.E.’s stock price and profits have stagnated in recent years.

Four people are now on the shortlist to succeed Mr. Kalanick, according to one person close to the process. And at an internal meeting with Uber employees last week, Liane Hornsey, the company’s senior vice president and head of human resources, said a top candidate was expected to be chosen within the next six weeks.

Representatives for Uber, the company’s board of directors and Mr. Kalanick declined to comment, as did G.E.

“As Meg has made clear, she is fully committed to H.P.E.,” a spokesman for Hewlett Packard Enterprise said. “Our focus remains on driving the company forward and delivering for our customers, partners, employees and shareholders.”

The Uber board — which recently added new members amid a history of internal tensions — is mostly split into two camps. On one side is Mr. Kalanick, who is plotting a comeback. On the other are many of the company’s other directors, including the venture capitalist Matt Cohler and the private equity investor David Trujillo, who represent Uber investors like Benchmark and TPG Capital. Garrett Camp, an Uber co-founder, and Ryan Graves, an early employee, were part of this group in supporting Ms. Whitman’s candidacy last week.

The positions of some board members — such as Wan Ling Martello, a Nestle executive, and Yasir Al Rumayyan, who represents Saudi Arabia’s Public Investment Fund — are unclear.

As the factions have shifted, Arianna Huffington’s role has been particularly fluid. A founder of the Huffington Post who now runs a wellness company, Thrive Global, Ms. Huffington grew close to Mr. Kalanick since being appointed to the board last year, according to two people familiar with the board’s dynamics. Yet she advised him last month that resigning as Uber’s leader was a good idea.

The changing alliances have led to major disagreements within the board. Some members are upset that no chief financial officer has been appointed, even though the job has been vacant for more than two years.

There is also debate about the potential investment by SoftBank. Some board members believe that taking the money is unnecessary and potentially risky, given that Uber has $5.5 billion in cash on hand and that SoftBank has backed multiple ride-hailing rivals in Asia.

Some company executives are concerned that Mr. Kalanick could use a SoftBank investment to dilute other shareholders’ stakes while he continues to buy stock back from employees in a bid to amass power. And aligning with Masayoshi Son, the founder and chief executive of SoftBank, could provide Mr. Kalanick with a key ally, especially if Mr. Son seeks to appoint new board members who favor Mr. Kalanick’s return as chief executive as part of an investment.

A spokesman for SoftBank declined to comment.

According to people with knowledge of the quarterly meeting last Thursday, board members’ cellphones started buzzing during the evening with text messages regarding Ms. Whitman’s removing herself from consideration. Some board members appeared crestfallen that the person they viewed as the most attractive candidate had taken herself out of the running so publicly days before she planned to spend time with the few board members she had not yet met.

In a text message between those involved in the discussions that was shown to The New York Times, one person reacted to Ms. Whitman’s announcement with a grim laugh, punctuated by an expletive.

After the news of Ms. Whitman’s decision sank in, the board members continued the meeting. By the end of the evening, they had agreed to a truce in hopes of avoiding another negative round of media coverage, according to the people familiar with the meeting. Communicating directly and avoiding backstabbing, the directors agreed, was paramount from here on.

After all, they still had a new chief executive to find.

Source: Tech CNBC
Uber’s search for new CEO hampered by deep split on board

Comments are closed.