Uber chooses Expedia's chief as CEO after contentious deliberations
Uber chooses Expedia's chief as CEO after contentious deliberations
Dara Khosrowshahi the chief executive officer of Expedia Inc
29 August, 2017, 01:57
The startup, last valued at $68 billion, is now being run by an "executive leadership team" that includes some of Uber's most senior employees, such as chief product officer Jeff Holden and regional general manager for the U.S. and Canada Rachel Holt.
Mr Immelt tweeted on Sunday that he had decided not to pursue a leadership position at Uber, despite his "immense respect" for the company and its founders. "I have enormous respect for the company & founders". In its filing, the firm stated, "It has been widely reported that Mr. Kalanick's behavior has caused potential CEO candidates to withdraw from consideration".
Among Khosrowshahi's first tasks at Uber would be filling a slew of executive vacancies, including those of chief financial officer, chief operating officer and general counsel.
Two Uber stockholders are trying to prove that Benchmark Capital, the investor that pushed for the ouster of founder Travis Kalanick as CEO and is now suing him for fraud, leaked information about Uber before all that started in a bid to take control of the ride-hailing giant. His experience running a diverse conglomerate and dealing with a corporate board was considered a big plus by some Uber board members who want to bring experienced leadership to the company.
Uber investor Benchmark Capital complicated the CEO search when the firm filed a lawsuitearlier this month against Kalanick to force him off the board and rescind his ability to fill two board seats. Kalanick enjoyed sweeping authority on the board and almost complete autonomy in running the company, a governance style that often wreaked havoc. The firm has approached the judge in DE court and has stated that the Kalanick, who is still a member of the board is still interfering in critical decisions being taken by the company.
Trump says debt ceiling 'mess' could have been avoided That could hurt the United States' credit rating, cause financial turmoil, harm the USA economy and possibly trigger a recession. Congress faces an October deadline to increase the government's borrowing authority and avoid defaulting on US obligations.
The source said Immelt did not see a path to being able to do the job with a "completely dysfunctional" board and a "disruptive" investor like Benchmark. Uber didn't immediately respond to request for comment.
The board still needs to come together to pick a CEO to turn the company around.
Both Kalanick and Benchmark had their own preferred candidates. Meg Whitman, CEO of Hewlett Packard Enterprise, was also a leading contender but said in late July that the Uber search process had become a "distraction" and that she would not be the next CEO.
Jeff Immelt has withdrawn himself from contention to be the next CEO of Uber. Meanwhile, the board itself disagreed with the Benchmark suit, releasing a statement signed by all members except Benchmark representative Matt Cohler that it was "disappointed that a disagreement between shareholders" has resulted in litigation.
Past year a Haryana minister announced the state would donate 5 million Indian rupees ($78,000) to Singh's Dera to promote sports. Singh will be sent to a jail in the town of Rohtak until his sentence is announced on Monday, a prosecution lawyer said.
He said Qatar's decision to restore full diplomatic relations with Iran was accompanied by a "confused justification". Qatar and Iran share a massive offshore natural gas field that requires communication between the countries.
To try and make sure that we leave this week having won the series is really important for us as a side'. West Indies' Darren Sammy and South Africa pair Hashim Amla and Morne Morkel are also in the squad.
The Administration "must do better in consistently and unequivocally condemning these groups", Cohn, who is Jewish, said. Wallace asked Tillerson whether Trump's words in recent weeks had made it more hard to promote American values overseas .
When you Google "depression" in the U.S. , you will see a box atop the results on mobile, which Google calls a Knowledge Panel. Depression is a treatable condition that's impacting the lives of millions of people each year.
Police and troops paraded through central Caracas with what the government said was an anti-aircraft missile. Venezuela was gripped by months of anti-government protests over growing anger against Maduro.
Walsh was again the creator, setting up Beni Baningime to score from the edge of the area, before Oumar Niasse made it 3-0. If someone is thinking that I can use only 11 players or 13 players, it's impossible.
Officials are now investigating the crash , which took place almost 20 miles from the southern coast of Yemen , according to U.S. Search and rescue efforts are underway for a missing US service member in the wake of the latest USA military accident.
Missouri, Illinois men among missing John S. McCain sailors
Last Monday, the USS McCain became the second US guided-missile destroyer to collide with a commercial vessel in as many months. Kimball, who lives in Georgia, said that Hoagland has been serving on the USS John McCain for almost a year.
Lalu's desh bachao BJP bhagao rally will start today
Sharad said the formation of a Grand Alliance this time would be different to make a real difference on the ground for the people. The rally would be an important event to oust the BJP ahead of the 2019 Lok Sabha poll.
Local Red Cross Volunteers Rush to Texas
They're going to load up between 4 to 6 trailers full of supplies, including water, snacks, first aid supplies and other basics. Over 125 Red Cross Emergency Response Vehicles are already in the area and more than 200 more are on their way.
Oz struggle to keep up with Bangla in 1st test
Not in all conditions but in Bangladesh , we are better than them. "I think the two guys batted very courageous ", Lyon said. The selectors will have a tough decision to make between Taskin Ahmed and Shafiul Islam, but Shafiul might just get the nod.
Thousands of cruise passengers held hostage by Harvey
But because of Harvey, her cruise ship is staying for an extra day in Cozumel, the island off the coast of Mexico, she told CNN. He said there might be a "greater danger" in having people who don't need to be evacuated onto roads that could flood.
Man City beat Bournemouth 2-1
The English winger popped up in the box and his deflected shot looped slowly over the Bournemouth defence and into the gaping net. Manchester City's parent company have bought a major share in promoted Spanish Liga side Girona, it was announced on Wednesday.