Elizabeth, a marketing manager at Expedia says this about her company: Our work environment is healthy, happy and very collaborative. [3] On December 12, 2012, Khosrowshahi married Sydney Shapiro, a former preschool teacher and actress. "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. Your wife wore a Slayer T-shirt to your Vegas wedding. "Dara was able to start removing some of that distraction. 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. Get the latest insights directly to your inbox! The Smartest Stuff:Innovators are thinking up new ways to make you -- and the world around you -- smarter. He took them on private planes, on the best trips ever, for summer vacations and skiing.. "And insiders and outsiders say that Khosrowshahi has shown just how different his leadership style is from Kalanick's no-apologies-necessary mantra. Lili taught Dara to stay humble. Another leadership style I believe Khosrowshahi possesses is the social style. Our response has been to keep breaking up the company. (Uber Technologies Report, 2018) Shared values: Uber's values placed at the core of its new corporate culture by Dara Khosrowshahi include the following points: We build globally, we live locally. And then, little by little, you saw that over and over and over again. "The experience of my family losing everything when they came to the US really shaped me," Khosrowshahi said during his first all-hands meeting at Uber on August 31. It also evokes transparency. Now Khosrowshahi will apply his leadership style and lessons learned to his next job as the new CEO of Uber, steering the company through upheaval and growth. A few weeks ago, Mr. Khosrowshahi rode a bike, delivering for Uber Eats in San Francisco for two days. Anastasiia Sapon for The New York Times Second, and more. He was also instrumental in the expansion of IACs portfolio of travel brands. Notwithstanding the public apology,Khosrowshahi can commit to doing what he did at Expedia. This brings me to my second leadership action. Dara Khosrowshahi - Expedia Stint Uber's U-turn: How the new CEO is cleaning house after scandals - CNET During his tenure at Expedia, Khosrowshahi earned a lot of money. "They've been in damage control mode in a professional way That will get you out of what was an epic-scale mess. National Transportation Safety Board investigators in Tempe, Arizona, examine Uber's self-driving car that hit and killed a pedestrian while it was in full autonomous mode. But it doesn't mean he's meek. 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. Dara Kerr was a senior reporter for CNET covering the on-demand economy and tech culture. Dara was previously CEO of Expedia, which he grew into one of the worlds largest online travel companies. [21], Khosrowshahi is an outspoken critic of the immigration policy of Donald Trump. Scott Galloway, a professor of marketing at New York Universitys Stern School of Business, compares the Uber chief to Sheryl Sandberg, the pretty face that obscures the damage their firms are doing to society. We do the right . New Uber CEO Dara Khosrowshahi on leadership, fostering - GeekWire Khosrowshahi has said he hopes for an initial public offering in 2019, but the company lost $4.5 billion in 2017 and has yet to turn a profit. 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. Initially, Expedia was a division of Microsoft but branched out in 1996. by Monica Nickelsburg on August 30, 2017 at 10:42 amAugust 30, 2017 at 10:58 am. When Chloe broke the news last year that she was, as she dryly put it, an Iranian lesbian, he gave her a fist bump and told her, Its the best time in the world to be gay.. I was nervous at first, he said, adding that some of it was fun and some of it was rough. 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. "One of the hard things in 2017 was that there was so much distraction and so much dysfunction," Ting says. We are customer-obsessed. org/10.4135/9781529706642 Khosrowshahi said his priorities were to meet with the leadership team and fill the many management holes. Anastasiia Sapon for The New York Times By David Streitfeld and Nellie Bowles Aug. 28, 2017 SAN FRANCISCO . Your billing info has been updated. And then we wizened up and essentially rebuilt our architecture from the ground up, it took hundreds of millions of dollars. Please try again. Dara Khosrowshahi is an Iranian-American businessman who is currently serving as the CEO of Uber. This was his life., Andrew Macdonald, the senior vice president of mobility for Uber, who has worked for both bosses, praised Mr. Khosrowshahi for changing our culture values to do the right thing., Are we as combative as we were seven, eight years ago? ), 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?. Maureen Dowd: Travis Kalanick is crazier than Travis Bickle. "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. Dara Khosrowshahi was CEO of Expedia for 12 years and has proved himself as an effective business leader. When coronavirus hit, we pulled back pretty aggressively, he said. Mr. Khosrowshahi demurred, saying that Proposition 22, a ballot measure in California that allows gig economy companies to keep treating drivers as independent contractors, never could have passed in the bluest of blue states unless a lot of drivers supported it. Now that parts of the world are back to calling for rides again, theyre suddenly way more expensive 40 percent more, according to one estimate and, thanks to Uber, there are far fewer taxis. Uber's new CEO Dara Khosrowshahi must overcome the problem of an Ill always have this, he said. New Uber CEO meets staff as emotional Travis Kalanick gets standing I believe that the opposite style of Khosrowshahi's leadership would be the resource leader. Doesnt Uber either have to charge a lot more for the rides or find some way to pay the drivers even less? One of Whitman's supporters switched his vote to Khosrowshahi, breaking the deadlock and making him Uber's second full-time CEO. Dara Khosrowshahi seems up to the task, Uber CEO wants employees to 'do the right thing. (Mr. Kalanick has a new start-up, CloudKitchens, which rents commercial space and turns it into shared kitchens for food delivery businesses.) And Uber is a great business eventually., In his 2019 book, Super Pumped: The Battle for Uber (soon to be a Showtime drama by the Billions team), the New York Times reporter Mike Isaac wrote: For some, there remains a lingering, persistent concern: Is Uber under Dara Khosrowshahi still going to swing for the fences? Dara was promoted to Expedia CEO after serving as the Chief Financial Officer of IAC Travel, a division of IAC, which purchased Expedia in 2002 and spun it off in 2005. Uber's business model relies on a cadre of drivers right across the globe. Philip Pacheco | Afp | Getty Images. doi. Its designed to optimize for long-term growth of capital. Expedia isreveredfor itscorporateculture. Its a bigger market., It hit him, he said, that all the businesses he had been shedding scooters, electric bikes, autonomous cars, flying cars were a distraction to the mission. "He doesn't come across as having everything figured out," Bryndza says, adding that one of the things Khosrowshahi hammers on the most is building trust. Things are fine. [23][24], Khosrowshahi has two children from a first marriage; a son, Alex and a daughter, Chloe. You know its very tempting as a manager when things are great to say, hey youre doing amazingly well. Photographer: David Ryder/Bloomberg. Uber was founded in 2009 with its headquarters in San Francisco, California, United States. Ms. Shapiro, 43, dressed in a black linen top and pants and absently braiding and unbraiding her long blond hair, said of her mother: She was worried because I graduated college and then I wanted to go work on a farm in Costa Rica and then I went to Ozzfest as a photographers assistant and she was like, You need to settle down. I couldnt have imagined having anything in common with a C.E.O. 5 With the leadership of Travis as the organization's first CEO, there was an authoritative leadership style in Uber. Have a scoop that you'd like GeekWire to cover? . Uber Leadership: a brief overview - Research-Methodology A regular member of the list of Prominent Iranian Americans since 2015, his qualities and hardships have put him in rarefied air. 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. Khosrowshahi could be defined as having several different styles, but I believe that he is mainly a power and social leader. This is a BETA experience. Remote). Some famous assets of Expedia are trivago, hotels.com, and hotwire.com. My hope is, it doesnt destroy what we built. His "fair" management style earned him a 94 percent approval rating on jobs site Glassdoor. When asked about the parity, Trudeau responded, "Because it's 2015.". Employees were expected to personify these values, which called for things like toe-stepping, principled confrontation and "always be hustlin'. Pete Buttigieg, who joined a protest outside Ubers headquarters in 2019, now leads the Department of Transportation. Rowghani is a partner at Y Combinator, the startup incubator that helped launch Airbnb, Dropbox, Instacart, and DoorDash, according to the . He took over as the CEO of Uber in 2017; this acquisition made headlines around the world as Uber had offered a whopping 200 million USD to bring him in. [22], In November 2019, Khosrowshahi caused controversy in an interview with Axios on HBO, when he compared the assassination of Jamal Khashoggi to the death of Elaine Herzberg by an Uber self-driving car in 2018. Raistlin Majere is your favorite Dungeons & Dragons character. "Because of that, Uber has become a more stable work environment, says Bryndza, with better employee retention and morale. Were going to be over $50 billion now. Im the dope whos not doing all this stuff. After several deadlocked votes, Benchmark, a venture capital firm that had helped lead the effort to push out Kalanick, promised to drop a lawsuit against Kalanick if it named Whitman as CEO. (The company has an arrangement with Arizona State University online to cover tuition for drivers. The technology that needs to be built to have that hamburger show up in 30 minutes, guaranteed, is spectacular, he said. They just do it. He allowed the company to then go back to business. And I think sometimes leaders get this wrong which is when things are bad and you know one of your teams is having a tough time. They dont have to come to me to ask for permission to do something. [3][4] He is the youngest of the three children of Lili and Asghar (Gary) Khosrowshahi. And as you get bigger, bureaucracy takes over and you slow down. No, Mr. Macdonald said. Its a universal law. Next, complete checkout for full access to StartupTalky. He is putting it on the table for all to see. Dara was previously CEO of Expedia, which he grew into one of the world's largest online travel companies. He also met the company's staff-run clubs that support people from different backgrounds. He cares a lot about his customers and makes sure to be connected with them on social media websites and other medians. 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. "He didn't come in guns blazing," says Jessica Bryndza, Uber's global director of people experiences and employer brand. An exceptional student, he was blessed with razor sharp focus and concentration. Board member Arianna Huffington and Uber investor Benchmark Capital didn't return requests for comment. 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. Then, the pandemic. Dara Khosrowshahi ( Persian: , Persian pronunciation: [d' xoso'hi]; born May 28, 1969) is an Iranian-American businessman and the chief executive officer of Uber. But when things are tough you know as long as you believe in your team and you believe in your strategy thats when you go against and say, you know what? They moved to an uncles mansion in Irvington, N.Y., for a couple of months before getting a condo in Tarrytown. He consistently rose above the ranks, winning the Entrepreneur of the Year award for the Pacific and Northwest Region in the 2013 edition of Ernst and Young awards. If Uber drivers are unhappy, be it with their pay package, lack of incentives, or Uber technologies, the customer winds up unhappy. He changed some of the ideologies Kalanick promoted; the toe stepping and always be hustling characteristics were replaced by we celebrate differences and we preserve. He's dramatically reshaped Uber's famously "toxic" corporate culture, smoothed relations inside Uber's board and sealed a $9.3 billion investment deal led by Japanese internet giant Softbank. It demonstrates humility. It was outed by former Uber engineer Susan Fowler, who wrote a bombshell blog detailing a chaotic corporate culture that okayed sexual harassment. This made him the highest-paid executive at that time. Under his leadership, Expedia extended its network to more than 60 countries. She was laser focused on sending her sons to a good prep school, the Hackley School, in Tarrytown. Dara Khosrowshahi knew he was going to have to clean up a spectacular mess when he became CEO of Uber last August. "That consistent drum beat those things about transparency, about fairness, about objectivity.". Expedia is a travel technology company that owns a website on travel fare aggregation. Overcoming the odds in life is more than a test. There was a significant rise in revenue as it grew from 2.1 billion USD in 2005 to 8.7 billion in the year 2016. . "The question now: Can a nice guy build a better Uber? The Saudi government is an investor in Uber and has representation on its board of directors. [12], In June 2013, he received a Pacific Northwest Entrepreneur of the Year award from Ernst & Young. He frequently wears a black T-shirt with white lettering that reads, "We are all dreamers. [4] The couple has twin sons, Hayes Epic and Hugo Gubrit. Expedia CEO Dara Khosrowshahi was chosen as a person to lead Uber effective from August 30, 2017. He came into a nightmare, said Barry Diller, who, juggling calls from his yacht, helped him nab the job after the terrible board deadlocked between Meg Whitman and Jeff Immelt. 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. 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. Were going to grow. "Khosrowshahi was born in Iran in 1969. Each customer (or party of customers) that an Uber driver picks up has thepotentialto be a customer service nightmare due to a disenfranchised driver. "I saw my family losing everything and you know what, we rebuilt a life. At Expedia you can work hard, while knowing that the organization is highly supportive of your personal time. Taking on one of the worst cleanup jobs in the history of American capitalism, at one of the most loathed companies, Mr. Khosrowshahi was like a dad who had to mop up after the frat party, put all the Solo cups away and get the vomit off the marble floor. The only asset we have is people. 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. Martin would concoct childrens stories set in faraway kingdoms with magical wishing flowers and golden owls that could stop time. I think that it is a shame that Iran is so cut off from the United States, he said. Right after taking up the role of the C.E.O. 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. I replied that Kevin Costner was one of my least favorite, because he was at the height of his fame and acting very sniffy. I do think theres power in a name, he said. But the company definitely had blind spots as a result.. While Uber is different from what it was a year ago, it's still faces obstacles. My goal in life is not to build the most sexy company, he said. These "employees" have become part of the over-used and quintessential definition of the so-called "gig economy." More than 20 were fired for unethical behavior after two internal investigations, one of which was led by former US Attorney General Eric Holder. Dara Khosrowshahi - Net Worth More than arguably is necessary. When Khosrowshahi was named Uber's CEO, he was virtually unknown. No., Mr. Khosrowshahi laughed, noting, Her mom still cant say my name right. (Say it like this: DAR-uh Koz-row-SHA-hee.). After he got his office badge, he tweeted out this photo and said, "I checked it and it works!". He said the company is leaning in and investing super-aggressively to bringing drivers back. This shows that he is power-hungry and wants to become bigger and stronger. Dara Khosrowshahi is the former CEO of Expedia who took over Uber as CEO in 2017. In the previous six months, the ride-hailing service -- one of the world's most valuable startups -- had careened out of control, providing fodder for headline after headline. At $45/share, Uber's initial. 5 Productivity Hacks Uber's New CEO Wishes He'd Known When He Was He is not at all selfish; he thinks of his customers and peers before himself. Lawsuits poured in, the chief executive was forced to step aside and the company was left leaderless for two months with a dysfunctional board of directors. Management Philosophies - Dara Khosrowshahi Travis was a really ferocious competitor. We got out of some businesses. His work ethics drew the attention of companies like Uber who requested him to lead them in tough times. But Whidbey is their happy place. And life on the little island seems pretty sweet (even if, or perhaps because, you cant hail an Uber here). Hes a passionate advocate for refugees in crisis around the world, having himself left Iran during the Iranian Revolution at the age of 9. Dara was previously CEO of Expedia, which he grew into . He thinks Khosrowshahi is up to the challenge. Ola Success Story - Funding, Revenue, and more, Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. Men and women hail Uber cars so men and women are going to lead the company going forward. Khosrowshahi is one of the most successful CEOs in the world, who Liked by Dara Khosrowshahi Join now to see. Its a deep culture, and there is an innate love that Iranians have for American culture and Americans. We compiled some ofKhosrowshahis most telling comments, from our interviews with him, to understand what Uber might look like under his leadership. And thats certainly the experience that we had in 2008/2009., On leadership:One of the early lessons that I learned in leadership is that its the leaders job to always go against the flow. "I'd never heard of Dara before," Ting says. Dara Khosrowshahi lives in Capitol Hill with his wife, Sydney, and 3-year-old twin sons Hayes Epic and Hugo Gubrit Khosrowshahi. Dara Khosrowshahi, chief executive officer of Expedia Inc., listens during the GeekWire Summit in [+] Seattle, Washington, U.S., on Tuesday, Oct. 4, 2016. Understanding CEO Leadership Styles - Norwich University Online We sit down with Uber CEO Dara Khosrowshahi to discuss the ever-changing state of work. Garrett Camp, Oscar Salazar and Travis Kalanick are the Uber founders. Khosrowshahi's mother raised him and his two brothers on her own during that time. The company announced his hiring in a memo late on Tuesday to Uber's employees, which he will officially meet during an all-hands meeting on. There is no doubtKhosrowshahi believes in this adage, too. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadershipbecause progress for women is progress for everyone. They know theyre having a tough time. They also include one that's come to typify Khosrowshahi's leadership: "We do the right thing. The teenager said he had found a random post on the internet about a conspiracy theory contending that his father, Queen Elizabeth, George W. Bush and Bob Hope are all lizard people. While it may not be possible to achieve it on day one of his tenure,Khosrowshahi can announce to the world that in due time, Uber's leadership team will be equally balanced by men and women. But as we rebuilt the architecture, we architected the company so that Hotels.com and Expedia and Trivago and HomeAway, etc., are run quite independently. Rainy days: An Uber driver in Times Square. The company has grounded all of its driverless cars -- at least for now.And Khosrowshahi hasn't been perfect. day and the scaling down, and the company was on its way to profitability. 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 was then the CFO of IAC, the company that acquired USA Networks. Eighteen months into his 12-year tenure at the online travel. Uber plans on letting people pay for their rides with Bitcoin. Continue reading for his edited remarks and watch the GeekWire Summit fireside chat and listen to the podcast below. Dara Khosrowshahi is the silver-lining in the dark clouds that loomed over Uber in recent years. Travis Kalanick. As CEO, Khosrowshahi is leading the company into its long-awaited IPO on Friday. He said he didnt have enough time to be depressed or to feel sorry. As he was frantically trying to figure out if the company already losing billions could survive losing, in some places, 85 percent of its rides business, he discovered a glimmer moving fast: Uber Eats, an arm of the business he had been pouring money into for the previous two years, despite many investors being unhappy about it.