Former Expedia CEO takes helm of Uber on Wednesday

One former Uber executive described the vibe internally as "strong optimism", but said a key concern lingers among employees: "continued distraction from Travis".

'I have to tell you that I'm scared, ' he wrote in the note, which was shared with Reuters.

Uber is all set for a revamp with Dara Khosrowshahi, the former CEO of Expedia Inc joining as the company's new chief executive.

Khosrowshahi was not among those reported to have been in the running.

Kalanick - who has undergone his share of trouble (and also personal tragedy) this year - will also address the crowd gathered at Uber's Market Street headquarters, as well as employees who will be dialing in from all over the world.

Jumped-up cab firm Uber, which was once valued at more than $50bn, has announced that Dara Khosrowshahi as its new CEO to replace ousted "bro" CEO Travis Kalanick. Among other allegations, Benchmark accused Kalanick of trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO".

More news: Southwest Airlifted Hundreds of Passengers From Flooded Texas Airport

On Monday, the day after Uber board members met to select Mr. Khosrowshahi as the company's new chief executive, Mr. Kalanick filed another response urging arbitration. Whitman recently stepped off the board of directors of HP Inc which fuelled rumours that she might make the move to Uber.

Although Khosrowshahi, 48, called his new job "the opportunity of a lifetime" in an interview with Bloomberg, he's facing a long list of challenges.

Kalanick already has a rough reputation in the court of public opinion after Uber was rocked with so many scandals under his leadership that investors, led by Benchmark, forced him to resign from the CEO role in June. Until this week, Uber was operating without a CEO, COO, CFO, CMO or president. On top of that, there is mounting expectation that the company, which is privately valued at $70 billion, will go public soon without losing value for shareholders.

The Uber board has been in turmoil, with one major investor in the company, Benchmark Capital, suing Kalanick and accusing him of sabotaging the search for his replacement.

Benchmark also blamed Kalanick for a slew of Uber scandals, including his involvement in trade-secret theft claims tied to a lawsuit by Alphabet Inc.'s self-driving vehicle business and accusations of workplace hostility to women.

"We have no indication he is leaving Expedia", said Dave McNamee, a spokesman for Expedia.

(Copyright © 2015. All Rights Reserved.)
 
Recommended

The Original Xbox One Console Has Officially Been Discontinued
The innovation and power behind the new Xbox One X console is driving excitement and demand among our customers worldwide. While Microsoft's latest console is the most powerful one now in existence, its dominance might not last for very long.

Trump's Decision To Pardon Joe Arpaio Condemned By Both Republicans And Democrats
He said he learned of the pardon after the papers absolving the conviction were mailed to one of his lawyers. Arpaio said he would have more to say about the alleged vendetta against him early next week.

Kompany reveals the first thing he did after Sterling's victor
But Daniels met the ball on the half-volley, arrowing a sublime shot past the soaring Ederson and in off the underside of the bar. Fernandinho also had a chance two minutes before half-time but his shot was repelled by Begovic as City had the momentum.

NAFTA, "the worst agreement ever signed" to Donald Trump
Trump tells supporters in Phoenix, US, that he might terminate the NAFTA treaty with Mexico and Canada to jumpstart negotiations. It would normally be a big negative for the loonie and peso but I'm starting to think Trump doesn't have the support to win.

Rohingya Muslims desperate to cross into Bangladesh after Rakhine violence
The death toll from the violence that had erupted on Friday has climbed to 98 which includes 98 insurgents and 12 security personnel.

Mathematicians Crack Mystery of Babylonian Clay Tablet 'Plimpton 322'
The tablet isn't just a relic of a bygone era - to be confined to the recesses of the British Museum - either. Mansfield and collaborator Norman Wildberger have published their findings in Historia Mathematica .

North Korea fires possible ballistic missile
The intercontinental ballistic missile Hwasong-14 is seen during its test launch. "We have to respond firmly", said Onodera. White House press secretary Sarah Sanders said on Saturday that Trump was aware of the launches.

Death toll from Barcelona terror attack rises to 16
A further two men have been freed, while police say the other eight members of the terror cell are all dead. Medical authorities said that 22 people wounded in the attacks are still being treated in hospitals.

Taylor Swift tops Adele with new YouTube record
The long-anticipated single came following a social media blackout and a series of cryptic videos of a snake. The British actor was photographed wearing a similar vest a year ago when the couple were going out.

Taylor Swift & Katy Perry may team up at the VMAs after all
It's a shame, too, because when Katy Perry stops trying to be your hilarious best friend, she's capable of great pop music . That was before Taylor Swift broke up with John Mayer and then wrote a song about him called Dear John.

ACLU files lawsuit challenging Trump's transgender military ban
It argues that the ban violates the Equal Protection Clause of the Constitution, as well as due process and free speech. Between 4,000 and 10,000 U.S. active-duty and reserve service members are believed to be transgender.

The New Taylor Swift Song: WE HAVE OPINIONS
Well, you remember the time Yeezy interrupted Swift as she accepted her first ever MTV Video Music Award about eight years ago. It's the most cutting song from Swift to date, even despite her lengthy catalog of bitter ballads and breakup songs.

J&K: Terror attack in Pulwama, 3 security personnel killed
A terrorist group: Jaish-e-Mohammad claimed responsibility, though the identification of these three is still taking place. The militants had entered district police lines in Pulwama killing four personnel each of J&K Police and CRPF.

Bill Nye: Disney Owes Me $9M
The host says that he tried to get an explanation but was thrown around for years, resulting in him hiring an external auditor. During Bill Nye the Science Guy's initial run from 1994 to 1999, it was nominated for 23 Emmy Awards , winning 19.

Will corporate tax cuts help the middle class?
Claire McCaskill (D-MO) out of office if she refused to support slashing the corporate tax rate. The White House in April released the broad strokes of Trump's proposal to reform the tax code.


More News

News
More News