We do the right . Get the latest insights directly to your inbox! 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. I dont think that investors necessarily love them one way or the other, he said, sipping a glass of California cabernet sauvignon, his Dutch shepherd, Loki, curled at his feet. Dara Khosrowshahi: Changing the Company Culture at Uber Rather remarkably, 90% of Expedia employees say that their workplace is great and 95% indicate the atmosphere at the company is great. [2], Khosrowshahi was born in 1969 in Iran into a wealthy family and grew up in a mansion on the family compound. Khosrowshahi's leadership style stands in stark contrast to that of his predecessor, Travis Kalanick. Its designed to optimize for long-term growth of capital. Uber's business model relies on a cadre of drivers right across the globe. [4][3] He praised his wife for wearing a Slayer t-shirt to the wedding, which was held in Las Vegas. Magnifying glass indicating a search icon. In 2017, he left Expedia, where he had quintupled revenue in a dozen years, to take over Uber from Travis Kalanick, whose name became synonymous with overly aggressive business moves and the gnarly bro excesses of Silicon Valley. The ripple effects would be far-reaching. "He doesn't come across as having everything figured out," Bryndza. Dara Khosrowshahi Chief Executive Officer , Uber. And as you get bigger, bureaucracy takes over and you slow down. Khosrowshahi expresses this mission in many of his interviews and it shines through in many descriptions of himself and the company on the Internet. [16] He was initially viewed as a "dark horse" candidate in case the initial frontrunners, General Electric's Jeff Immelt and Hewlett Packard Enterprise's Meg Whitman, fell through. Dara Khosrowshahi, Uber CEO Uber's staff says Khosrowshahi incorporates that same empathy into his leadership style. They dont need you to go out there and say, you know your results are crap what the hell are you going to do about it? They actually need you to lift them up., As a manager youve got to go against the flow. 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. This made him the highest-paid executive at that time. Khosrowshahi learned of the hack soon after he came on and told the public in November. He is known to come up with and encourage diverse strategies to pump up profitability and influence. "[14] Under Khosrowshahi, Expedia extended its presence to more than 60 countries and acquired Travelocity, Orbitz, and HomeAway. Expedia is a travel technology company that owns a website on travel fare aggregation. It also evokes transparency. Washington is taking a decidedly darker view of Silicon Valley. I replied that Kevin Costner was one of my least favorite, because he was at the height of his fame and acting very sniffy. Uber CEO Dara Khosrowshahi has kept an eye on Uber's bottom line as it pursues profitability. We work with him at Uber Eats and thats fine, Mr. Khosrowshahi said. 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. Mr. Khosrowshahi, who replaced Travis Kalanick in 2017, is widely perceived as a mop-up man.CreditAnnie Tritt for The New York Times. Success! in electrical and electronics engineering from Brown University, where he was a member of the social fraternity Sigma Chi. We sit down with Uber CEO Dara Khosrowshahi to discuss the ever-changing state of work. "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. 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. Have a scoop that you'd like GeekWire to cover? Khosrowshahi is one of the most successful CEOs in the world, who Liked by Dara Khosrowshahi Join now to see. Once, his mother, Lili, had shopped in Paris at Dior, Saint Laurent and Celine. "He came in listening. Weve got an incredible balance sheet. After he got his office badge, he tweeted out this photo and said, "I checked it and it works!". Honestly, I didnt spend a lot of time figuring it out. Its a universal law. He always emphasizes accountability and transparency. 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 prefers giving his team credit to swanning. Dara Khosrowshahi, 48, has been the chief executive of the travel site Expedia. He often wears a t-shirt that reads, "We are all dreamers.". He is not at all selfish; he thinks of his customers and peers before himself. Finding ways to improve both the relations with Uber drivers as well as their compensation levels (think livable wage) can only positively affect the bottom line for Uber. The list of issues at Uber is long and at times rather incredulous. Dara Khosrowshahi - Expedia Stint 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. Anastasiia Sapon for The New York Times By David Streitfeld and Nellie Bowles Aug. 28, 2017 SAN FRANCISCO . 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. Dara Khosrowshahi - Wikipedia Dara has been one of the most favored executives in recent times. Under his leadership, Expedia has become the largest travel agency in the United States. But a driverless future is a long way off. Khosrowshahi need not detail each of the errors with the sordid details. And then, little by little, you saw that over and over and over again. Role of transformative leadership style in the automotive industry The two men have a long professional history, having worked together at Expedia when Mr Khosrowshahi was chief executive of the travel company. If Uber drivers are unhappy, be it with their pay package, lack of incentives, or Uber technologies, the customer winds up unhappy. Philip Pacheco | Afp | Getty Images. There are certain times where you should be conservative. Dara Khosrowshahi seems up to the task, Uber CEO wants employees to 'do the right thing. Khosrowshahi (center) met with 35 drivers at Uber's headquarters in January in San Francisco at the company's first-ever Driver Advisory Forum. "If you take a look at Dara's background, he came out of the financial world. My dad carries with him a bit of feminine energy that he learned from his mother, said his daughter, Chloe, 20, a student at Brown University, her fathers alma mater. "To me this is the perfect example of where his head was and how he wanted to lead a different way. Does the incredible shrinking kingdom of Uber still dream big? After they had been dating awhile, Ms. Shapiro told him that he should go do the C.E.O. [21], Khosrowshahi is an outspoken critic of the immigration policy of Donald Trump. Will Dara fight and push and take issues all the way for what he believes in? I know this makes me really uncool, but I have not gone into TikTok yet. When Prime Minister Justin Trudeau announced his first political cabinet in late 2015 it was gender-balanced. With Khosrowshahi in charge of Expedia, Inc., the company has grown massively. With a degree in electrical engineering from Brown University and the experience gained as an analyst at Allan and Co., an investment firm, Dara was about to embark on a stellar career path. Has that dream dimmed? Dara was previously CEO of Expedia, which he grew into one of the world's largest online travel companies. I think that it is a shame that Iran is so cut off from the United States, he said. Hes not growing a Neanderthal beard, living off salt juice or summering in outer space, but rather bucolic Whidbey Island, a brief ferry ride from Seattle. 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. He can only see you if youre moving.. Here . 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 allowed the company to then go back to business. The family has a more formal home in Pacific Heights in San Francisco, the city where Ubers headquarters are. Read on to find out the st. Uber's C.E.O. Pick, Dara Khosrowshahi, Steps Into Brighter Spotlight Dara Khosrowshahi, Uber's new CEO, will have to work under the watchful eye of his predecessor, founder Travis Kalanick. Sometimes I feel like an idiot not answering. Actually Mr. Khosrowshahi, 52, is weirdly normal for Silicon Valley. I also believe that he is the type of leader to want all possible knowledge, so as to become even more powerful. His work ethics drew the attention of companies like Uber who requested him to lead them in tough times. "They've been in damage control mode in a professional way That will get you out of what was an epic-scale mess. 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. Initially, Expedia was a division of Microsoft but branched out in 1996. Disruption, once the mantra of Silicon Valley, has now become a dirty word. [3] On December 12, 2012, Khosrowshahi married Sydney Shapiro, a former preschool teacher and actress. 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? My hypothesis is that someone knew that Im a Mets fan.. Another cousin, Golnar, founded Reservoir Media in 2007 as a music publishing company. Khosrowshahi was previously CEO of Expedia Group, a company that owns several travel fare aggregators. But it doesn't mean he's meek. Were going to be fine. Elizabeth, a marketing manager at Expedia says this about her company: Our work environment is healthy, happy and very collaborative. However, when Immelt flubbed his presentation, Immelt's initial supporters threw their backing to Khosrowshahi. "And it was messy. 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. 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. Not only would his leadership team have gender parity, he would be signaling to the world that the manner in which he was going to be compensated was going to be fair. You can ring my bell: Mr. Khosrowshahi applauding with NYSE president Stacey Cunningham, second from left, and Uber chief legal officer Tony West, center, as Uber board member Ryan Graves, right, does the deed. You wooed your wife over World of Warcraft. I do think that we have to build better safeguards for people who cant make our system quite work the way that they want to work, or were willing to work with regulators to have certain safeguards like minimum earnings.. [13], In 2016, he was one of the highest paid CEOs in the United States. These "employees" have become part of the over-used and quintessential definition of the so-called "gig economy." "On behalf of everyone at Uber globally, I apologize for the mistakes we've made. The Iranian culture is more ancient than the Islamic religion. When his father returned to Iran to try to get his own father out, he was not allowed to leave the country for five years and missed Daras high school graduation. Uber andKhosrowshahi possess a unique opportunity to steal a page from Canada's photogenic prime minister. Blazing Trails Podcast: Leadership, Technology, and Data With Uber CEO He is putting it on the table for all to see. Dara Khosrowshahi is one such individual whose journey to fame and prosperity was imbued with challenges. 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. Dara Khosrowshahi Chief Executive Officer. 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. I said Lets get married on 12-12-12. Its a lucky day. Knowing the. This shows that he is power-hungry and wants to become bigger and stronger. More importantly it sets another important tone forKhosrowshahi. The Saudi government is an investor in Uber and has representation on its board of directors. [3][4] He is the youngest of the three children of Lili and Asghar (Gary) Khosrowshahi. ), 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?. Once, she had had a cook, two gardeners, a driver and a babysitter for each child; now the woman who had never set foot in a kitchen became her own cook. The two dont go well together M&A and innovation are not friends. Newly appointed Uber CEO, Dara Khosrowshahi, said he learned a valuable leadership lesson early in his career as CEO of Expedia. [5][4] In 1982, when Khosrowshahi was 13 years old, his father went to Iran to care for his grandfather. 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. Dara Khosrowshahi - Net Worth Dara Khosrowshahi (Persian: , Persian pronunciation:[d' xoso'hi]; born May 28, 1969) is an Iranian-American businessman and the chief executive officer of Uber. I can completely imagine that hurting, because hed built the company. Some analysts note that Ubers ride-sharing business seems to have an existential problem; wouldnt its original business model only work if it used billions to subsidize the cost of rides until the transition to self-driving cars? From the start, Khosrowshahi wanted to hear what people at Uber had to say. 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. Dara Khosrowshahi - Uber Newsroom Khosrowshahi was given the role of senior vice president and later on was made the president for strategic planning of USA Networks. Others left because they felt mistreated by managers. An outspoken critic of the president of the United States, Dara has opposed the immigration ban implemented by the president. Does he worry that this is not as sexy a company anymore as far as attracting investors and talent? Uber CEO Dara Khosrowshahi addresses the audience during the keynote at the start an Uber products launch in San Francisco, California on September 26, 2019. Things are fine. He'd been the CEO of Expedia for the previous 12 years and had a career in investment banking, but outside of those circles, few knew of him. I had to be more forceful because of where we came from. At Uber, Khosrowshahi's Glassdoor rating has climbed to 96 percent. I think thatd be really cool., He continued: Well keep working on go-and-get. That is, Khosrowshahi would be paid with some normality. And now the question is, what does the responsibility look like? It was us and about 10,000 Chinese people looking to get married because its a very, very lucky day there.. "Khosrowshahi was born in Iran in 1969. 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. Khosrowshahi has a vast well of experience to draw from, leading Expedia through a several blockbuster acquisitions, periods of uncertainty during the Great Recession, and rapid growth. Dara Khosrowshahi - Uber Newsroom At all of his public appearances after taking over, Khosrowshahi stressed the message, "We do the right thing. He thinks Khosrowshahi is up to the challenge. 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! Hes a passionate advocate for refugees in crisis around the world, having himself left Iran during the Iranian Revolution at the age of 9. 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. Garrett Camp, Oscar Salazar and Travis Kalanick are the Uber founders. Understanding CEO Leadership Styles - Norwich University Online (Kalanick famously dragged his feet on hiring a COO, because he reportedly didn't want to share duties in running the company.). Ill take Traviss side for a minute, which is, I had to come in and be very clear that the company was no longer his. Anastasiia Sapon for The New York Times Second, and more. They moved to an uncles mansion in Irvington, N.Y., for a couple of months before getting a condo in Tarrytown. Under his leadership, Expedia extended its network to more than 60 countries. Along with his apology tour, Khosrowshahi has aimed to eliminate distractions for the company. An avid critic of anti-immigrant policies, he is an inspiration for immigrants who wish to make it big on foreign land. [14][4] In 2016, he donated to the Hillary Victory Fund, Washington Democratic Senator Patty Murray, and the Democratic National Committee. Theyre reptilian aliens that can shape-shift and control the world, he explained. But I think investors like returns.. Ride-sharing is a lonely job. 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. Expedia CEO Dara Khosrowshahi was chosen as a person to lead Uber effective from August 30, 2017. Khosrowshahi could be defined as having several different styles, but I believe that he is mainly a power and social leader. With Khosrowshahi, "Uber is less of ready, fire, aim than they have been. (The company has an arrangement with Arizona State University online to cover tuition for drivers. Granted many of them are supplementing their income through Uber, the company still has a ways to go to improve relations. But first, he asked every Uber employee for ideas. Notwithstanding the public apology,Khosrowshahi can commit to doing what he did at Expedia. Uber leadership shake-up tightens Dara Khosrowshahi's grip The two dont go well together. The system, the way its designed with these compensation consultants, creates a significantly inflationary environment. Khosrowshahi was previously CEO of Expedia Group, a company that owns several travel fare aggregators. 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? [19], Khosrowshahi's main task was to clean up the image of a company that had become one of the most despised in the country, in part due to revelations about Uber's corporate culture. I think that they will have less of a problem with my tax record, he said. Do the captains of the cloud and industry making obscene gobs of dough deserve it? Our system is called capitalism. Evolution of a dealmaker: Expedia CEO Dara Khosrowshahi is PSBJ's Expedia's stock has climbed more than 500% since the 2005 spinoff under the leadership of Khosrowshahi. 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. Dara was previously CEO of Expedia, which he grew into one of the worlds largest online travel companies. We have all these independent units all these independent brands that are doing their own thing. In essence, they aren't really employees. Or has Uber lost its appetite for moonshots and world domination the alluring, Travis-like quests that attracted them to the company in the first place?. They just do it.