Lawyers for Uber Technologies Inc. co-founder Travis Kalanick are facing off before a DE judge with venture capital firm Benchmark, the company's largest shareholder, which is attempting to oust him from the company's board. Less well known is that Khosrowshahi was an early advocate of bitcoin.
An Uber spokesperson said past year that the company made the change to improve service.
But matters changed quickly over the course of Sunday afternoon, as directors and Whitman could not agree on terms in which she would take over as chief executive, according to The New York Times. Despite this, Uber was plagued with problems and was subject to numerous reviews, especially after ex-employee Susan Fowler wrote a blog post about her experiences of sexual harassment at the company.
The ride-hailing company made the announcement late on Tuesday, confirming media reports, as well as comments he made to the press.
While Uber's business continued to grow, Kalanick's management style faced scrutiny and investors mutinied against him.
Benchmark responded a week later, excoriating Mr. Kalanick's motion as a "facile response" that did "not dispute the overwhelming factual basis for Benchmark 's allegations". The lawsuit, which seeks to force Kalanick off the board and rescind his ability to fill two board seats, has caused shareholder infighting and complicated the CEO search.
Running Uber will be no easy task.
An email sent out to Uber employees said Khosrowshahi is "the best person to lead Uber into the future" and that his appointment would be a step towards "improving our culture and making Uber the best place to work". The publicly traded company is smaller than the privately held Uber, with a market capitalization of around $23 billion compared with Uber's private valuation of almost $70 billion.
One of his first duties will be to formally greet Uber employees at a meeting today at the company's San Francisco headquarters. Kalanick is fighting back with claims that Benchmark pressured and threatened him into resigning as chief executive officer in June.
His family escaped Iran on the eve of the Iranian Revolution in 1978, when...
Khosrowshahi also expects Expedia to consistently deliver online leisure and corporate bookings for supplier -with or without him at the helm, noting "we haven't hit the ceiling as far as the online penetration that Expedia continues to have and no one knows what that ceiling will be".