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Uber’s New CEO to Get $200 Million to Exit Expedia

uber-s-new-ceo-dara-khosrowshahi-expedia

Uber Technologies Inc.’s new chief executive officer likely comes with a price tag of $200 million.

Dara Khosrowshahi, who spent 12 years in Expedia Inc., held unvested stock options in that company worth $184.4 million as of Friday’s close in New York, according to data compiled by Bloomberg.

The ride-hailing company will likely grant Khosrowshahi the additional compensation as well. Such as an annual salary and stock awards that vest over several years to ensure he remains on the job for the foreseeable future. This could push his total price tag to $200 million.

uber

The news soon become the hot topic for the people to discuss. The price tag of the Uber CEO started trending on internet. It had headlined the news and topic debates.

Expedia’s stock dropped as much as 5.4 percent after news of Khosrowshahi’s departure, the biggest drop in more than a year. That shaved more than $1 billion from the company’s market value.

Uber-expediadara

Things are not so easy for Khosrowshahi. He will face a number of hurdles as he succeeds co-founder Travis Kalanick, who grew Uber into a $20 billion annual booking business. “Hugely complicated situation, bro culture, fractured board, high profile rejections from Immelt and Whitman, no profits — I suspect they are paying him handsomely,” said Charley Polachi, partner at Polachi Access Executive Search who wasn’t involved in the hire.

Well, all eyes are on the next steps in the process. Let’s see what happens next.

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