In one of the week’s most interesting events of note, reports that CEO of Expedia Inc. (NASDAQ: EXPE) Dara Khosrowshahi has officially been offered the top spot at embattled ride-hailing company Uber has followed much anticipation surrounding the list of potential candidates to take the job.
Fellow Expedia board member Barry Diller made the announcement via a letter to his company’s employees, noting the offer had been made to Khosrowshahi but it remained uncertain as to whether the company’s CEO would be taking the deal or remaining with the firm. All indications are that this offer is likely to be accepted, reflected in the fact the note was filed with the Securities and Exchange Commission, highlighting the seriousness of this situation.
In replacing founder and former CEO Travis Kalanick, Khosrowshahi will have his work cut out for him, with most of the up-front work of the new Uber CEO expected to revolve around changing the company’s culture to fit within the 21st-Century tech world, returning the company toward focusing on innovation and creating world-class technology within the ride-hailing space.
With a significant amount of poor press affecting public perception at the tech company of late, investors will likely cheer the choice for top spot, although it has been rumored that Khosrowshahi was not the unanimous pick, with other activist investors reportedly making a case for Hewitt Packard CEO Meg Whitman to take over the helm, considering other notable female leaders as well.
Invest wisely, my friends.
