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Dara Khosrowshahi, Expedia CEO taking the Uber CEO position and Uber may offer him $200 million

Dara Khosrowshahi

On 26th August 2017, Sunday at night Dara Khosrowshahi indicates to wall street journal that he could accept the Uber CEO position.

Dara Khosrowshahi

Image Credit: Recode
On Sunday night, Uber’s board unanimously voted on Dara Khosrowshahi over HP CEO, Meg Whitman and GE’s Jeff Immelt. A few days ago Jeff Immelt twitted – “I have decided not to pursue a leadership position at Uber. I have immense respect for the company & founders – Travis, Garrett and Ryan.” – Source Twitter.

Jeff Immelt

Right now Khosrowshahi hadn’t officially announced that he is taking this job opportunity. Still, he is CEO of the Expedia for the time being and there is some final work to complete before he can take the Uber opportunity. Uber have to pay a lot of more money than Expedia to hire him as a CEO.

Dara Khosrowshahi, who has been working for Expedia for last 12 years, had almost $186 million in unvested stock options till the date Uber offer him. He wouldn’t forget that kind of great money unless Uber, car hailing company offer him more.

Chief Executive Officers generally were given a salary with much compensation as stock awards. It is well designed to grow the company and motivate them.

Uber has a valuation of $68 billion, that’s why Uber can afford that kind of significant compensation package.

Dara Khosrowshahi Highest paid CEO

According to New York Times, Thomas Rutledge, CEO of Charter Communications was the highest paid CEO in 2016, with $98 million. Next to Les Moonves, CEO of CBS’ with $68.6 million and David O’Connor, CEO of Madison Square Garden with $54 million.

In 2015, Dara Khosrowshahi received around $95 million that makes him one of the most highly paid America’s corporate leaders. Most of the amount came from stock options which are given him the online travel company in March 2015. Expedia compensated Khosrowshahi total $9.6 million in 2014. Khosrowshahi took home $2.4 million as a salary and bonus compensation in 2016.

Meanwhile, ousted CEO Travis Kalanick and major Investor Benchmark Capital arrives in court tomorrow for an ugly lawsuit.

Now we hope for the best.

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