Uber new boss may get $200mn

Bloomberg

Uber Technologies Inc.’s new chief executive officer likely comes with a price tag in the neighborhood of $200 million.
Dara Khosrowshahi, who spent 12 years at the helm of Expedia Inc., held unvested stock options in that company worth $184.4 million, according to data compiled by Bloomberg. Companies typically grant replacement awards to executives who must forfeit unvested equity when they leave before their employment terms have expired.
The ride-hailing company will likely also grant Khosrowshahi additional compensation, such as an annual salary and stock awards that vest over several years to ensure he remains on the job for the forseeable future.
That could push his total price tag north of $200 million.
“You combine a rock star CEO with a turnaround-like scenario and you can basically assume the number is going to be stratospheric,” said Aalap Shah, MD at Pearl Meyer, an executive compensation consulting firm. “I don’t think they are going to get him for any kind of bargain. This is a situation where the next CEO is going to make or break this company.”
Uber won’t have to disclose Khosrowshahi’s compensation since it is privately held.

Expedia drops with CEO moving to Uber
Bloomberg

Dara Khosrowshahi saw Expedia Inc. through 12 years of stock gains, multibillion-dollar acquisitions and fierce competition from nemesis Priceline Group Inc. The news that he’s said to be leaving to run Uber Technologies Inc. sent shares down the most in more than a year.
Khosrowshahi emerged as a surprise choice to lead Uber, according to people familiar with the situation. Most speculation had centred on Hewlett Packard Enterprise CEO Meg Whitman and General Electric Chairman Jeffrey Immelt.
Expedia’s stock fell as much as 5.4 percent Monday, the biggest intraday drop since June 2016. Khosrowshahi has been leading Expedia through a tricky period of integrating Orbitz and HomeAway, two acquisitions he pulled off in 2015 that super-sized the company and launched it into direct competition with Airbnb Inc. in the fast-growing home rental market.
“It’s definitely a loss for Expedia,”
said Douglas Quinby, of the research firm Phocuswright.