Pick, Dara Khosrowshahi, Steps into Brighter Spotlight", "Uber's CEO Comes From What May Be the World's Most Techie Family", "Dara Khosrowshahi, Dad of Silicon Valley", "The amazing life of Uber's new CEO Dara Khosrowshahi from refugee to tech superstar", "Spinoff of Expedia Comes at Tough Time for Its Sector", "Dara Khosrowshahi: Executive Profile & Biography", "Here's One CEO Who Probably Justified His $94 Million Payday", "New Uber CEO Dara Khosrowshahi: What you need to know", "Uber picks Dara Khosrowshahi as its new boss", "6 things to know about Uber's CEO pick Dara Khosrowshahi", "Uber officially announces Dara Khosrowshahi will be its new CEO", "Uber's New CEO May Get at Least $200 Million to Exit Expedia", "Read Uber CEO Dara Khosrowshahi's Letter to Employees on IPO Day", "Uber CEO calls slaying of Jamal Khashoggi 'a mistake' and compares it to a self-driving car crash", "Uber CEO calls Jamal Khashoggi murder 'serious mistake', Uber gave CEO Dara Khosrowshahi $45 million in total pay last year, but it paid its COO even more, Legality of ridesharing companies by jurisdiction, https://en.wikipedia.org/w/index.php?title=Dara_Khosrowshahi&oldid=1137916332, Exiles of the Iranian Revolution in the United States, Brown University School of Engineering alumni, Pages containing links to subscription-only content, Short description is different from Wikidata, Pages using infobox person with multiple spouses, Articles containing Persian-language text, Creative Commons Attribution-ShareAlike License 3.0, Kathleen Grant (?2009, divorced), Sydney Shapiro (m. 2012present), This page was last edited on 7 February 2023, at 01:56. The situation looks bleak for new Uber CEO Dara Khosrowshahi, who took over for founder Jeff Kalanick after the founder was ousted over frustrations that the Uber work environment turned toxic. In his first two weeks, he held a roundtable discussion with drivers to hear their complaints (they want a higher cut of earnings) and shadowed Uber's customer support representatives to listen to what passengers were saying. It also evokes transparency. Kalanick didn't respond to a request for comment.Through the first half of 2017, unsurprisingly, Uber employees exited the company in droves. Remote). He came back, though. He calls her Shapiro; she calls him dude.. Dara was previously CEO of Expedia, which he grew into . But it doesn't mean he's meek. I had to be more forceful because of where we came from. Dara Khosrowshahi was born in Tehran in May 28, 1969 and is an Iranian-American businessman and the CEO of Expedia, Inc. Khosrowshahi received a B.S. This brings me to my second leadership action. Since he has become CEO of Expedia, Inc., it has become the owner of many smaller travel websites and grown to be the biggest online travel company, which also expresses his power leadership style. ", Khosrowshahi is vocal about his stance on social issues, such as keeping Deferred Action for Childhood Arrivals (DACA) in the US. If there is a genius coder who is happier coding from Colorado and can come into the office once in a while to get to know his colleagues, its cool.. My dads a lizard person, he said. Born in Iran, his family moved to the United States after his father was detained by Iranian authorities for six years. Dara Khosrowshahi seems up to the task, Uber CEO wants employees to 'do the right thing. Dara Khosrowshahi knew he was going to have to clean up a spectacular mess when he became CEO of Uber last August. Eats on a volume basis is going to be bigger than Rides chiefly because with Eats, were going to go to grocery and were going to the pharmacy and were going to every single local commerce category. Can this rational, charming chief without the edge, ego or cult following of wacky founders succeed in todays insane economy? [7] Their company was later nationalized. We are customer-obsessed. I do think that for that percentage and its probably 10 percent of our drivers but when youre talking about 10 percent of a million drivers on the road thats a lot of people who want to earn and our system isnt working properly for. Things are fine. Anastasiia Sapon for The New York Times Second, and more. When she was little, her father a fan of Joseph Campbell, Greek myths, sci-fi and George R.R. "Khosrowshahi was born in Iran in 1969. The two men have a long professional history, having worked together at Expedia when Mr Khosrowshahi was chief executive of the travel company. Before joining IAC, Dara served as Vice President of Allen & Company and spent a number of years as an analyst. No., Mr. Khosrowshahi laughed, noting, Her mom still cant say my name right. (Say it like this: DAR-uh Koz-row-SHA-hee.). Block and Khosrowshahi also discuss how companies can implement systems for privacy, trust, and safety. It is a little hard to determine, but Dara definitely shows certain attributes of these two styles. Now she had to go to work at the Madison Avenue Celine. Mr.. Photographer: David Ryder/Bloomberg, The Memo: Plant-Based Laptops, BMWs Hybrid SUV & The Worlds Best Beach, 15 Ways To Build An Organizational Culture That Promotes True Gender Equality, 15 Ways To Get Comfortable With Not Always Having The Answer As A Leader, Pitching Your Startup In A Remote-First World, How Digital Marketing Can Be A Game Changer For Healthcare Providers, How Loyalty Programs Can Help Brands During A Recession, How To Surround Yourself With The Right People And Find Business Profitability. Uber counters that it's still growing and its revenue is rising. I think the press does and the Twitter-sphere does. At. I love Dungeons & Dragons, but I dont know that character. I believe that the opposite style of Khosrowshahi's leadership would be the resource leader. StartupTalky is top startup media platform for latest startup news, ideas, industry research and reports, inspiring startup stories. Granted many of them are supplementing their income through Uber, the company still has a ways to go to improve relations. ClearlyKhosrowshahi's ratio at Expedia was significantly more than Drucker's recommendation. Work-life balance and job satisfaction is a reality here!. Signifyd Success Story: Empowering Companies With Innovative Fraud Protection and Prevention Services, Save Now Buy Later - The New Fintech Business Model. Dara Khosrowshahi, Dad of Silicon Valley The Uber CEO dreams of "pushing a button and getting a piano delivered to your home in an hour and a half." Uh let's start with dinner? Anywhere you want to go, anything you want to get, however you want to get it, well be there for you.. "Imagine taking over this company and all of the issues you have to deal with -- Softbank, lawsuits, this that and the other, and this was his priority," Bryndza says. Its growth has reached its point, because of his particular management and leadership style. Is he worried that ProPublica, which recently revealed that many top chief executives pay little or no taxes, has his tax records? Washington is taking a decidedly darker view of Silicon Valley. After much debate and public intrigue, ride-sharing company Uber has selected Dara Khosrowshahi the current chief executive officer of travel website Expedia as the company's next CEO. The absence of his father brought the changed Dara, serving as a reinforcement to perform excellently at school. And he's weighed in on keeping Deferred Action for Childhood Arrivals (DACA) in the US. He has two kids from his first marriage, a 12-year-old son named . at Uber, he was quick to calm down critics triggered by the acts of former C.E.O. NowKhosrowshahi will apply his leadership style and lessons learned to his next jobas the new CEO of Uber, steering the company through upheaval and growth. ), Tony West, the chief legal officer of Uber, said that Mr. Khosrowshahi is willing to take on legal risk to fix the Uber workplace. Here's What We Know About Him", "Uber's C.E.O. But I think our house is going to get bigger.. Its a big cake and I want it to be really tasty.. "If they are eyeing an IPO, they're going to have to show not only a path to profitability but to sustained profitability," says Harteveldt. Witnesses and court documents revealed juicy company details, like Kalanick's secretive text conversations that said things like "second place is first loser." Uber plans on letting people pay for their rides with Bitcoin. [23][24], Khosrowshahi has two children from a first marriage; a son, Alex and a daughter, Chloe. But its just not what I want to be spending my time on.. They include "UberHue," which promotes black diversity, "Women of Uber," "Los Ubers" for Latino diversity and "UberPride" for LGBTQ inclusion. Dara Khosrowshahi Getty Images Just one week ago, a decision went into effect at Uber that will have major consequences for years to come: Co-founder and former CEO Travis Kalanick resigned. Every single comp committee wants to pay their C.E.O. Travis Kalanick. [5][4] In 1982, when Khosrowshahi was 13 years old, his father went to Iran to care for his grandfather. CEO Dara Khosrowshahi has, like his predecessor, argued consistently that Uber has the potential to be profitable year in year out, arguing that the company is the "Amazon of transportation" (and that a market worth $12 trillion is there for the taking), but a lot - not least the six core assumptions that Travis Kalanick was relying on - will Our board of directors and senior executives hold the belief that capital can and should benefit all of society. Actually Mr. Khosrowshahi, 52, is weirdly normal for Silicon Valley. So in 2008/2009 we kept saying, the drumbeat was, the world is crazy. The list of issues at Uber is long and at times rather incredulous. Right now, I dream about pushing a button and getting a piano delivered to your home in an hour and a half, Mr. Khosrowshahi said. This included Kalanick, even though Khosrowshahi had made clear that under his watch, Kalanick would have no role in Uber's daily operations; as he put it in one of his slides, "there cannot be two CEOs." We went to Las Vegas to get married. An exceptional student, he was blessed with razor sharp focus and concentration. Sometimes the emotional takes over and I think thats destructive but I think the age of I built a platform, Im not responsible, that time is over. He was also instrumental in the expansion of IACs portfolio of travel brands. Eighteen months into his 12-year tenure at the online travel. Dara Khosrowshahi net worth is $250 million as of 2021 with a base salary is $45million, Dara is one of the highest-paid CEOs in the world. org/10.4135/9781529706642 After George Floyds murder, he choked up in an all-hands meeting. The Kalanick crowd did not make it easy on the math guy, as some call him, with efforts to divide the company into Travis people and Dara people and whispers that the new boss was not on board with Traviss mantra of BIGGER! Knowing the. They are part-time contractors. Success! I wanted to get married. With Khosrowshahi in charge of Expedia, Inc., the company has grown massively. You know its very tempting as a manager when things are great to say, hey youre doing amazingly well. She says it's also helped that Khosrowshahi has instituted new cultural norms for the company.Under Kalanick, Uber had a list of 14 "cultural values" that it displayed on conference room screens around its modern San Francisco headquarters. A few weeks ago, Mr. Khosrowshahi rode a bike, delivering for Uber Eats in San Francisco for two days. One of Whitman's supporters switched his vote to Khosrowshahi, breaking the deadlock and making him Uber's second full-time CEO. Uber insiders say that may be just what the ride-hailing service needs. He took them on private planes, on the best trips ever, for summer vacations and skiing.. [2], Khosrowshahi was born in 1969 in Iran into a wealthy family and grew up in a mansion on the family compound. Sorry, something went wrong. The Google head honcho is renowned for hisdecision-making skills and business acumen. (Kalanick famously dragged his feet on hiring a COO, because he reportedly didn't want to share duties in running the company.). Then, the pandemic. "[14] Under Khosrowshahi, Expedia extended its presence to more than 60 countries and acquired Travelocity, Orbitz, and HomeAway. Dara Khosrowshahi isnt your typical tech bro. Dara was previously CEO of Expedia, which he grew into one of the world's largest online travel companies. And then, little by little, you saw that over and over and over again. Rowghani is a partner at Y Combinator, the startup incubator that helped launch Airbnb, Dropbox, Instacart, and DoorDash, according to the . He allowed the company to then go back to business. Expedia is a travel technology company that owns a website on travel fare aggregation. (Mr. Kalanick has a new start-up, CloudKitchens, which rents commercial space and turns it into shared kitchens for food delivery businesses.) Dara Khosrowshahi - Expedia Stint Drawing of a court document from the Waymo v. Uber trial showing former Uber CEO Travis Kalanick's reported wish list for what he wanted to get from Waymo's self-driving car program -- including all of Waymo's data, source code and a pound of flesh. While noting that our regulatory sandbox is much more city and state than it is federal, Mr. Khosrowshahi said that this tech-lash is inevitable. On this Wikipedia the language links are at the top of the page across from the article title. Anyone can read what you share. Khosrowshahi's LinkedIn profile states that he focuses on "driving innovation and positioning the Expedia brand for further international growth." President Biden named Lina Khan, a fan of ratcheting up regulations on tech giants, as the chairwoman of the Federal Trade Commission and signed an executive order zeroing in on anticompetitive practices. I think were neighbors at this point and well look over the fence and wave at them and maybe theyll notice us waving, maybe they wont, he said. The final leadership action Khosrowshahi ought to take is to denounce whatever pay package the Uber board of directors have put together to lure him away from Expedia. https://www.nytimes.com/2021/07/16/style/uber-ceo-dara-khosrowshahi.html. When a Massachusetts Institute of Technology research group reported that an analysis of Uber and Lyft drivers' earnings showed they make on average $3.37 per hour, the chief executive took to Twitter saying MIT stood for "Mathematically Incompetent Theories (at least as it pertains to ride-sharing).". ", Uber's staff says Khosrowshahi incorporates that same empathy into his leadership style. At $45/share, Uber's initial. Lili taught Dara to stay humble. Maureen Dowd: Travis Kalanick is crazier than Travis Bickle. In 1979, when Dara was 9, his Muslim family fled Iran to escape the revolution, leaving the fortune they had made from their large pharmaceutical and cosmetics company. We need not go through the laundry list of problems the company has created over the past few years in this space. Met with Uber CEO Dara Khosrowshahi. [17]:321324, He forfeited his un-vested stock options of Expedia, then worth $184million, but Uber reportedly paid him over $200million to take the CEO position. What are the ethical boundaries of disruption? Defining it and putting guard rails around it, I think thats a healthy thing.. He visits Twitter twice a day, and Instagram at night to heart his wifes posts. I think if you define fairness by fair market value, then C.E.O.s are paid fairly, he said. In essence, they aren't really employees. This made him the highest-paid executive at that time. With me, he was generally helpful. The experience of my family losing everything when they came to the US really shaped me. Under his leadership, Expedia extended its network to more than 60 countries. However, new CEO Dara Khosrowshahi is known for his visionary leadership style. He cares a lot about his customers and makes sure to be connected with them on social media websites and other medians. He allows other peoples voices to fill the room., Mr. Khosrowshahi said simply, I just grew up in a circumstance where getting along was the way to survive. (He is not religious but is fascinated by religious narratives. It was us and about 10,000 Chinese people looking to get married because its a very, very lucky day there.. He criticized President Donald Trump's travel ban restricting immigration from several majority Muslim countries. [4] The couple has twin sons, Hayes Epic and Hugo Gubrit. New Uber CEO Dara Khosrowshahi has a big job at hand: Rehabilitate the ride-hailing company's battered image and keep ridership growing at a rate that will support its $68 billion valuation. He hired the company's first chief diversity and inclusion officer, Bo Young Lee, and its first chief operating officer, Barney Harford, who's the former CEO of Orbitz. These descriptions just don't match up to Khosrowshahi. [14][4] In 2016, he donated to the Hillary Victory Fund, Washington Democratic Senator Patty Murray, and the Democratic National Committee. [6], In 1978, just before the Iranian Revolution, his family was targeted for its wealth and his mother decided to leave everything behind and flee the country. He thinks Khosrowshahi is up to the challenge. [12], In June 2013, he received a Pacific Northwest Entrepreneur of the Year award from Ernst & Young. You decided to leave Expedia once Barry Diller made Joey Levin the chief executive of IAC. This man was an angel, Lili said. The Iranian culture is more ancient than the Islamic religion. An outspoken critic of the president of the United States, Dara has opposed the immigration ban implemented by the president. Of the 31 posts that made up Canada's new government, 15 were held by women. Ola Success Story - Funding, Revenue, and more, Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. Travel isnt going to end. "Khosrowshahi made nice with London lawmakers after the city revoked Uber's license to operate. Having served as the CEO of Expedia and as the current CEO of Uber, Dara Khosrowshahi presents a lot on the plate when it comes to experience and managing top brands. [13], In 2016, he was one of the highest paid CEOs in the United States. It is something near and dear toKhosrowshahi's heart, so I would not be surprised if "improving the culture" at Uber is number one on his own list. Dara Khosrowshahi, chief executive officer of Expedia Inc., listens during the GeekWire Summit in [+] Seattle, Washington, U.S., on Tuesday, Oct. 4, 2016. CNET Magazine: Check out a sampling of the stories you'll find in CNET's newsstand edition. "We were all so hopeful for what he could bring, but there were definitely a lot of unknowns. She grew up in Colorado, went to school in New York City and can never remember how to pronounce gif. "They've been in damage control mode in a professional way That will get you out of what was an epic-scale mess. : I think the biggest challenge for us at this point is to keep the innovation and keep the speed up. At Uber, Khosrowshahi's Glassdoor rating has climbed to 96 percent. Another leadership style I believe Khosrowshahi possesses is the social style. "Uber choose Dara Khosrowshahi as its CEO", "BRIEF-New York Times says Dara Khosrowshahi to resign from co board in light of his new role as Uber CEO", "Evolution of a dealmaker: Expedia CEO Dara Khosrowshahi is PSBJ's Executive of the Year", "Expedia Chief Dara Khosrowshahi Will Be Uber's Next CEO. During his 12-year tenure as the public face of Expedia, DaraKhosrowshahi has been vocal about what makes for great leadership, how hes navigated the company through challenges, and his ambitions for the future. I think that they will have less of a problem with my tax record, he said. He is also related to Darian Shirazi, the founder of Radius Intelligence and the first intern hired by Facebook.[6]. Ride-sharing is a lonely job. He came in listening. With Khosrowshahi, "Uber is less of ready, fire, aim than they have been. Were a lot of brands that came together through mergers and acquisitions and integration and M&A and innovation are not friends. Here . We told investors, were going to hurt our margins in the second quarter doing so. He predicted that by September, prices will return to nearly the good old days, adjusted for inflation. Mr. Khosrowshahi, who replaced Travis Kalanick in 2017, is widely perceived as a mop-up man.CreditAnnie Tritt for The New York Times. Dara has been one of the most favored executives in recent times. Has that dream dimmed? But if he is to take over from the company's embattled and former CEO, Travis Kalanick, there are five key leadership actions he might want to consider. Do the captains of the cloud and industry making obscene gobs of dough deserve it? But first, he asked every Uber employee for ideas. Chief Executive Officer Dara Khosrowshahi is the CEO of Uber, where he has managed the company's business in more than 70 countries around the world since 2017. He frequently wears a black T-shirt with white lettering that reads, "We are all dreamers. He called them both "mistakes" that can "be forgiven". The only asset we have is people. Our response has been to keep breaking up the company. Hes bold, but in his own way, a less obvious way. "One of the first things we did when I started was to crowdsource what Uber employees thought our new cultural norms should be," Khosrowshahi wrote in an email after I asked him for comment. Mr. Diller said his protg has had a miserable year or two, slammed by Covid, but that Dara is a great executive. When coronavirus hit, we pulled back pretty aggressively, he said. Along with his apology tour, Khosrowshahi has aimed to eliminate distractions for the company. . And I think the way that you manage it is is you put the right people in the right places and then you trust them to do the right stuff. A workaholic, Dara Khosrowshahi is known for his friendly, calm, and drama free demeanor, and has been awarded a 94% approval vote by his employees at Expedia. You may opt-out by. We sit down with Uber CEO Dara Khosrowshahi to discuss the ever-changing state of work. Yes, he said, but he would want them to eventually have a full-time job, work in a technical field. He is also a member of the board of directors of BET.com and Hotels.com,[1] and previously served on the board of The New York Times Company. Does he pay attention to politics in Iran, with that country still in the clutches of zealots? Morgan Stanley leadership is dedicated to conducting first-class business in a first-class way. And one of the things that that Barry Diller, who is our chairman, always says is you want to have a company that can have a balance sheet, kind of this lock, stock, and barrel strong balance sheet that allows you to lean forward during periods of uncertainty because when everyone else is pulling back, if you lean forward, thats when you gain share. Great! Its important for us commercially because we want to expand outside the U.S. About two thirds of our businesses is in the U.S., one third of our businesses are international. However, when Immelt flubbed his presentation, Immelt's initial supporters threw their backing to Khosrowshahi. Setting this type of tone on day one sends a remarkable signal. ), He is more laissez-faire about returning to the office than Jamie Dimon, who recently told The Wall Street Journal, People dont like commuting, but so what?. During his tenure at Expedia, Khosrowshahi earned a lot of money. Khosrowshahi is one of the most successful CEOs in the world, who Liked by Dara Khosrowshahi Join now to see. Innovate How Uber CEO Dara Khosrowshahi Is the Exact Opposite of Uber Founder Travis Kalanick Startup founders and corporate CEOs have completely different leadership styles. "He's an exceptional leader -- a rare combination of keen financial acumen, an eye for great product and incredible people leadership skills," says Expedia CEO Mark Okerstrom, who served as CFO under Khosrowshahi. The case went to trial in February of this year and was set to last a month. "None of this should have happened, and I will not make excuses for it," he added. [7] His father was not allowed to leave Iran for 6 years and therefore Khosrowshahi spent his teenage years without seeing his father. We have all these independent units all these independent brands that are doing their own thing. "Eight months later, he's still listening. Dara Khosrowshahi is the CEO of Uber, where he manages the company's fast-growing business in 63 countries around the world and leads a global team of more than 22,000 employees. Mr. Khosrowshahi said that because Uber is a combination of the virtual world and the real world the real world that punches you in the face all the time with its unpredictability his tech challenges are different than a site for ordering movies. A seasoned executive with a background in both engineering and finance, Dara oversaw a number of acquisitions that bolstered Expedias offerings and aggressively invested in mobile, which now accounts for more than half of Expedias traffic. Imagine ifKhosrowshahi were to publicly announce that his total pay package (inclusive of any restricted stock units or stock options) was going to be within the 25-1 ratio that Drucker recommended. But, as at many companies, Uber's culture reflected the personality of the person at the top: overly aggressive and willing to do anything to win. He oversaw the acquisitions of travel sites Orbitz, Travelocity and HomeAway, and quadrupled the company's revenue from $2.1 billion in 2005 to $8.7 billion in 2016. According to Fortune, Khosrowshahi's 2015 total pay package was approximately 4,756 times that of his team at Expedia. You could put me in that group. Marty Walsh, who fought Uber as mayor of Boston, now leads the Department of Labor; in April, he talked about the need to reclassify some gig workers as employees.