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Dara Khosrowshahi optimistic that Uber will be profitable, one day!

Retooling the firm’s culture and coming up with a strategy is keeping the CEO busy.

Business Insider|
Updated: May 29, 2018, 09.48 AM IST
Dara Khosrowshahi optimistic that Uber will be profitable, one day!
Uber’s divided board is divided no longer, and CEO Dara Khosrowshahi is patting his own back for this. Khosrowshahi took over as chief executive in August 2017, replacing Travis Kalanick during an extremely troubled time for the company.

There was a lot of boardroom drama too, with a bitter legal feud breaking out between one of Uber’s investors and Kalanick. Even after Kalanick was replaced, he tried to maintain control of the company by appointing his own board members.

“When I first came in, the board was very divided in terms of control of the business and where the business was going,” said Khosrowshahi at the VivaTech event in Paris. “We enacted governance reforms that included changing the voting strategy and getting rid of high vote shares so the board could be united.”

Two months into Khosrowshahi’s tenure, the board voted on changes that would reduce the clout of certain board members. “Now the board isn’t thinking, ‘Who is in control?’, it’s ‘How can we move Uber forward?’” he said.

Now that his first task is over, retooling the firm’s culture is his second task and coming up with the firm’s strategy, the third. “Of course Uber will be profitable, one day!” Khosrowshahi said. “It’d better be.”
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