Uber picks Dara Khosrowshahi as its new boss

Into the hot seat

“A LEADER is a dealer in hope,” said Napoleon. For much of this year Uber, a ride-hailing firm, has lacked both leadership and optimism. But on August 27th news leaked that Uber had poached as its new chief executive Dara Khosrowshahi, the boss of Expedia, an online travel company. Mr Khosrowshahi is seen as an astute dealmaker and a canny manager. In his 12 years at the helm of Expedia, the gross value of its hotel and other travel bookings more than quadrupled and its pre-tax earnings more than doubled.

Can he rally the troops? Uber is fast-growing and was last year valued privately by investors at around $68bn, but has suffered a host of setbacks, which led to the ousting of Travis Kalanick, its co-founder and boss, in June. The firm faces a criminal probe by America’s Department of Justice into a covert software feature that showed regulators different versions of its app, as well as a new investigation into whether…

Link to article: www.economist.com/news/business-and-finance/21727855-he-must-tackle-huge-losses-lawsuits-and-meddling-predecessor-uber-picks-dara?fsrc=rss%7Cbus

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