23 Burst results for "Co dara khosrowshahi"

"ceo dara khosrowshahi" Discussed on This Week in Startups

This Week in Startups

04:00 min | 3 months ago

"ceo dara khosrowshahi" Discussed on This Week in Startups

"That are doing huge amount of work. But they do it instantly. So that the consumer for for the zuma's like bush upon get a car payments Taking care of the negative is that you lose the context of why something surging and it's hard to explain because you make it so damn simple and soda fast and i think extending the definition of number An and making every single interaction. Whether you're taking the subway or taking the bus or taking a e scooter or you're taking over making it all delightful Is is is really going to be teams going forward taking out the pain travis's rallying cry. Like that's where he wouldn't participate in and i was. I thought tepid forever. And i couldn't even rug idaho. Well i mean. I understand his point which was it just adds another cognitive dissonance moment. You have to. Oh my god. is it included as it. Not and he had the idea of six or like a hidden star. You'd hold down the star and that it would be a six you could give tap is always tipping in cash but tipping tiptop worked out. Pretty well i think yeah. It's it's helped out driver earnings than anything that helps out. Your earnings is a good thing and and you know it creates an incentive for the driver to provide a better service and above and beyond Service to earn that tip And we think any kind of a product that drives kind of Quality it's goofing off final question. You mentioned that the workers in london were going to be more fulltime ish. Or i've got the term you used of art in london or in england their their workers which is essentially i see plus is e plus pension benefits and other benefits as well which is essentially the model that we want to go forward that makes sense so if that is the case. Does that mean you will be able to like say. Hey you have to wear it. Uber logo jacket or shirt. And you you have to. You should only work for us where we need your during these specific times in you dictate a little bit more of what you need as a company as with an independent contractor with may be able to honestly. That's not what we're looking to do. That's not what we're trying to accomplish. It is retained flexibility. Give some benefits. And i think it's a good good way forward ultimately. It's a better way this icy plus. I always felt like it. Be great if you could. I always said the worst case scenarios if we have to go full time with the drivers the benefit the person who wins it just cements uber's victory as the number one player because all the drivers go uber. Because we have the most rides and then you can have. Everybody wear an uber logo and you can put an uber logo on the side of the car. Which right now you can put like a little sticker. Maybe or they can put a sticker but we can put a full. Rubber are listen dr. This has been amazing beckham on the bod. And i'm still a very large shareholder and very delighted to see your incredible focus and your decisiveness on these issues and i hope the markets realized. How brilliantly gotten us to here and give you that ability to to keep investing. I like to see you have that ability to invest. Maybe get some cannabis on the road. Maybe get some drinks going not for the drivers liver and to the customers you know. I'm not saying that people are smoking cannabis a lot. I don't know how frequent it is. But i wouldn't say in california. It's infrequent seems to me. That's really good by jason. I think you have a future if you ever wanted in our team just let us know doing okay with podcast with the pod but this has been great really appreciate the time and continued success getting drivers on the road. If you're a driver this is the time. It's thirty forty bucks an hour. Get that extra cash. Now it's gonna be a yolo summer. It's going to go into the fall. Just grab all that money. Put a down payment on your house or pay down some bills or mortgage. Now is the time to be a driver. Go to uber. Dot com to sign up as a driver has person perfect thanks. We'll see you next time on this means by by..

Uber uber california london england jason six thirty forty bucks an hour uber. single interaction one Dot com beckham travis An
"ceo dara khosrowshahi" Discussed on This Week in Startups

This Week in Startups

05:57 min | 3 months ago

"ceo dara khosrowshahi" Discussed on This Week in Startups

"They put into the system and rate drivers in great careers and there are some not so great drivers and not so great careers who then designed to self select to do something else. So that's one of the cool things about an open system use sensually earn relative to your productivity as well but the flexibility is by far the most important factor. Yeah and it now if you look at it there was this whole concept that if uber drivers are lift driver's door drivers or any ridesharing drivers were going to be classified as employees. Well what about hairdressers and real estate brokers and freelance writers. I'm in the media business. A lot of The same publications that were giving ride sharing companies hard time. My friendship bank off runs. Vox had to cancel because had some of those rights had to cancel every freelancer in california. Because if the freelancer worked over x. Number of hours now triggered full-time and it cost chaos. So they just opted out of that market so where is the united states as a country and obviously uber endured ash. I think are kind of having to navigate this most of all. Where are we with this archaic system where either full time or you're a freelancer. But with this caveat. If you're a freelancer and unless you're you know got a really great lobby or you're an elite freelance like a real estate person. You're you can have freedom but the people may be who are. Starting their chris can have freedom. It seems incredibly un-american to me that people can make their choice but putting that aside is there a third way. That's better that's what we always talked about in the early days of uber was there has to be a third way here because you know that would seem more equitable. Maybe if somebody works over twenty or thirty hours. I know you've been reading on this pretty hard. And that's that's actually that's third way is what we're trying to shake now and to a large extent. That was what prop twenty two in california was all about. Which is how do you retain the best of both worlds right the the really cool thing about being your own boss. You're the ceo of yourself and you get to be totally flexible based on when where how you were based on productivity. They're good times to work right there. Good ways to work as well. But how do you combine that with some of the important elements of kuala traditional work which is a safety net protection healthcare coverage etc and. That's what we call an icy plus ashes the uk. There's a third designation. There's there's worker designation. And then there's fulltime employee and worker is is essentially an icy plus pension benefits some vacation benefits etc and in the uk we have designated drivers essentially workers. And now we are in the process of having discussions really on a state by state level is a needs. Every states needs are different. These are workers in the states to hopefully come up with us. Third model flexibility of an i see the freedom of an i see with protections whether it's minimum wage or a fun for healthcare or other benefits as well and i think it is the better way forward it takes time you know Government sometimes move slowly but by design. But i do think this is a better way forward and pretty optimistic independent contractor status with me if i hit a certain benchmark is there a certain benchmark. You're thinking because i think the average number of hours for full time employment is two thousand pretty easy if you wanna do this at home. Fifty two hours a week. Forty hours twenty eight years the number of hours per year. So if somebody did one thousand forty hours that would be halftime. Therefore they could get half the benefits as a full-time person doesn't seem so difficult for us to comprehend. We're actually not looking at it benchmark because to some extent but he picked twenty hours thirty hours forty hours. I think those are the kind of picking it out of your at indexing right. Which is if you work funny hours. And ninety percent of drivers for example work less than forty hours right like the vast majority of drivers the vast majority of couriers were far less than forty hours but basically index the benefits based on. How long you and the other. I think cool idea. Is you pull together the hours that you put into all the platforms. Hopefully it's an ideology benefits. Which i think is really cool right. Which is hey if you if it's just based on how long you worked for one company And how many hours you uber or door should cetera. That's one solution. It's and it's not a bad solution. I think that's some are gonna go in that direction. There's another concept which is portable benefits. That if you work hours over. Let's say ten hours on lift. You actually get benefits worth of twenty hours so that freedom to to work with multiple platforms. I think both ideas are good ideas. And hopefully you know depending on a state by state level which is the right idea. We'll go forward that way. Yeah and i think people are forgetting that you are one hundred percent dependent on drivers. There is no business without drivers. It's in your best interest. In fact i would think it's your obsession to make this a better to for them than other opportunities they might be presented is am i correct in thinking that your competition is people working at a starbucks or a target or walmart versus deciding to be an icy or an icy plus code totally and and drivers are our customers right. We have a driver app. We we run that app just like we run our rider app and it's in our interest to track the customer to give them a great experience for their earnings.

ninety percent Forty hours california walmart twenty hours starbucks two thousand ten hours one thousand forty hours less than forty hours both ideas target uk both worlds uber one hundred percent one solution Fifty two hours a week over twenty third way
"ceo dara khosrowshahi" Discussed on This Week in Startups

This Week in Startups

08:21 min | 3 months ago

"ceo dara khosrowshahi" Discussed on This Week in Startups

"Insights. Try user testing free today at user testing dot com slash twist. Okay but i the news. Softbank bats qattara shutting down And i think this is an important topic for two reasons one. I wanna talk to you about over funding of startups and the problems. That can cause. And then i wanna talk to you about a new concept i have been discussing internally something i call slingshot startups and these are startups. That got set back during the pandemic but like a slingshot they got pulled back and all that energy built up. Now that the reopening is happening they are moving again but with more velocity. Sometimes you have to step back to go forward. Let's start with qatar. If you don't know this is a vertically integrated construction starting. What does that mean it means. They tried to make construction work better faster and taller etc so the company was founded in two thousand fifteen. The ceo is michael marks. Iran flex electronics from ninety. Two to two thousand five before working in private equity and the concept was pretty basic offsite manufacturing with onsite assembly. So you make a bunch of parts and then you put the home together almost like a kit car if you think about it and maybe over time using software and accurate planning design the could reduce time and build cost and they focused on large scale buildings apartments commercial offices etc. They race two billion dollars. And if this all sounds familiar and it sounds like. Wasn't this the same problems we were at well. The largest investor was softbank vision fund. If you have a vision and you wanna go. Big masayoshi son has been doing. You have the risk of putting so much energy capital and jet fuel behind the rocket at the rocket blows up on the landing pad or just goes off in a crazy direction like we saw with we work and like we see now with qatari ca terrorists totally blown up. We work seems to gone off target But maybe they can course correct if they make it to escape velocity so the information did a great story and just outlined exactly how apparently the firm was. that's capterra. we're talking about here. Obviously we were also mismanaged going to get into why that happens after cova hit was hemorrhaging money. According to sources and This was because of delays increased material costs etc and to artificially boost revenue according to the story tara exaggerated updates on certain apartment renovation. Projects now exaggerated updates. This could be one of these. How you frame something so to speak and it might not be outright lying but exaggeration can be framed as ally. This is very important for founders. Were listening especially when you're selling securities you want to be as honest upfront. Give as much data as possible to investors employees shareholders and the broader stakeholders in a company. You never want to exaggerate or polish or massage the truth because massaging the truth for one person might be fraud or allies to an organization like the sec or investors right so And typically the outcome will determine that if you massage the truth and you have a big win. You're a hero. Nobody's doing you if you massage the truth and you lose your investors money. Now you're in court now. The sec gets a tip from one of your previous investors. Who feels bad. That you exaggerated Or some people might call it. Faking it till you make it and they. They claim employees. Use the fake updates to frontload revenue by millions of dollars in financial reports given to investors. So when i see this might take on this. As the information got this from investors who were very upset by what qatar was doing and they took the most negative lease charitable position on qatar behavior. That's what i'm reading into this. Because how else would the information get this when something blows up and you've got hundreds of people in the capital. It only takes one person to say you know what i feel wronged. I'm going to give this information to a journalist and that's How these things go down. Typically capterra firm to investigate this internally according to the story and the ceo and co founder. Michael marks down in may of twenty two. It's likely the board fired marks who knows No indication here that mark knew of the misleading financial reports. Most people would say you're supposed to know about that But you know. I can tell you. In a company with thousands of employees with hundreds of millions of dollars in investment or billions of dollars in this case a lot of times. The ceo gets abstracted from a reality. And you have people feeding you information and sometimes you get disconnected from the ground truth in your business. This is why. I always look at bank statements or ask people to tell me how much cash is in the bank account a look at the bank statements or credit card charges as they happen. Why wouldn't you do that right sometimes. You got get into the weeds as a founder and other times you have to delegate a little bit of both trust but verify is always in order so in december of two thousand twenty territory investors. It was running out of money. Softbank injected two hundred million in. What's called rescue financing This wiped out The stakes of other investors in other words it was a crackdown. Probably pay to play. Yeah i think that's the term. A lot of people will use. Which is we're going to make all the equity in the company worthless but you can buy new equity at this incredible price so you pay to play. If you don't pay your wiped out but everybody had the opportunity to put more money in so this is where you could have had a fracturing of the loyalty within the company the existing investors feel wronged. They feel like they were lied to. They put a bunch of money and now they're being told their equity is wiped out and the only way for them to get new equities to put money into a company. They feel has not been honest with them. Can you see how this is a bit of a prisoner's dilemma. They're gonna wipe out your equity as an investor in. Can you understand how this would make bad feelings inside baseball. But this is what really happens So you get all these bad feelings. The company goes from a four billion dollar valuation to than four hundred million according to a letter sent to qatar shareholders and in the information story certainly a lot of her feelings with other investors. So i'm guessing they leaked all this information and according to an anonymous source be careful with these obviously because anonymous sources are relied on far too much for stories by journalists and frequently. They're wrong or they have massive agendas but they say the. Sec is also investigating qataris. Fos front loading claims. Who knows if that's an active investigation. Where if they confirm they received information. I i think the sec doesn't actually tell you based on my experience they don't actually tell you what's going on. They'll do a document. Request is my understanding from attorneys. I know who work in the space. They'll just give me all the information that doesn't mean there's investigation it means. They want information because they just want to check things out. The shutdown announcement comes in qatar which had eighty five hundred employees before cutting it down to twenty four hundred after numerous rounds of layoffs sent an email to the remaining employees on june first tuesday following a thorough review. I'm quoting year of strategic business alternatives. Qatar has determined that it must wind down the majority of its. Us business operations effective immediately. Unfortunately most of our us employees would no longer be working for the new in the near future. That means you're fired by the way. Just say you're fired. An executive told employees video call. They didn't have money to pay severance or unused. Pto a person who attended the meeting again unnamed source. Who knows if that's true. Who knows if that's speculation. If they don't pay those things then. I believe the board members and the ceo and Folks like that could be on the hook. So there are specific laws in specific regions about factory shutdowns and the notice. You have to give employees and this is called the warren act of you a. r. and i believe and this requires employers to provide employees with at least sixty days written notice of plant closings and mass layoffs. The purpose of the events notice is to provide the employee swift transition time enabled find alternative employment or to enter a skills training program. Warren act mass layoff is a reduction of force within a single site of that resulted.

Michael two hundred million two billion dollars Softbank june first tuesday december today twenty four hundred four hundred million Two millions of dollars two reasons Warren act billions of dollars two thousand ninety four billion dollar eighty five hundred employees Qatar Iran flex
Uber sells self-driving cars unit to Aurora Innovation

Daily Tech News Show

00:58 sec | 10 months ago

Uber sells self-driving cars unit to Aurora Innovation

"And it's thomas car plans in deeds so this story broke right at the end of detainees s. Yesterday uber announced on monday that it so sell selling and self-driving unit advanced technologies group also known as eighty jim to aurora innovation. A competitor uber. The deal is expected to close in q. One well zuber given up on autonomous vehicles. Be nuts uber ceo dara khosrowshahi will join. Aurora's board an uber. At investors and employees will in forty percent of aurora following. The deal uber will also invest four hundred million dollars into aurora directly and errors. Autonomous cars will eventually operate on uber's ride hailing platform. Aurora was founded by google's former lead engineer for thomas cars. Chris urban along with sterling anderson. Who helped lead tesla model x. project and drew back now who ran carnegie mellon's research lab and worked on a thomas vehicles at uber.

Thomas Car Advanced Technologies Group Aurora Zuber Dara Khosrowshahi Uber Thomas Cars Chris Urban Carnegie Mellon Google Tesla Anderson Drew
Uber sells self-driving cars unit to Aurora Innovation

WSJ Tech News Briefing

00:27 sec | 10 months ago

Uber sells self-driving cars unit to Aurora Innovation

"Uber selling. Its self driving car. Unit took competitor called aurora innovation as part of the deal uber will invest four hundred million dollars in aurora in exchange for a twenty six percent stake in the company. Uber ceo. dara khosrowshahi will also join aurora's board. 'cause was shot. He has been working to make uber. Profitable by the end of next year and the deal with aurora is the latest in a series of moves to scale back non-core businesses including winding down the company's product incubator and artificial intelligence lab

Aurora Innovation Aurora Dara Khosrowshahi Uber
"ceo dara khosrowshahi" Discussed on Pivot

Pivot

02:59 min | 1 year ago

"ceo dara khosrowshahi" Discussed on Pivot

"This is pivot schooled. Let's get back to the show and our second friend of Pivot Interview Uber CEO Dara Coaster He. Now, we're going to have a different perspective I. Believe I. Don't believe he's GonNa Save Solidarity Right now let's bring our second friend Pivot Uber CEO Derek Coaster Shot He. Hydara. No Probably WON'T ACCEPT SCOTT THERE I don't know if you've heard of him he says some not nice things about you donnie objectives. You don't remember hold on hold on it's time to talk about our favorite subject shot dart you know you and I met like. I said he doesn't remember pretends like every woman. I've ever met remember this. You're the CFO of expedient pitching you on some ridiculous travel start by you very friendly and welcoming and very gracious. So good to see you again know that you've been thinking a lot about me and my startup. I've been. Worked out for you. I see you haven't gone up to anything twenty years man call me if you need some help. All right we're. Scott. I'm so glad you didn't take Scotts company idea. So such a smart you're obviously you've risen in in my estimation by far any we have a lot of questions for you but if anyone the audience has a question for Dr, put them the QNA box, we already have a lot of questions. So. Dara. You've been all over the place lately with lots of ideas and a lot of actions Let me just start you in your recent op Ed published in the new. York Times you said a majority of drivers don't want to be employees because they value flexibility which Vanessa just discussed Talk about this a little bit what what's what, and then secondly you're going to close down in California tomorrow is that correct? Tomorrow the next day talk a little bit about what you been up to thinking like what you're trying to accomplish here. Sure. Sure. So whether we closed down or non is really up to the courts and it's totally out of our control at this point and we will comply just as any company should and would. I think that for us, what we're trying to achieve is like a new way that you talked about Cara and I think you could definitely guilty while why didn't you get there earlier? but we don't think that the answer to where we are now is to essentially go back fifty years. We actually do think that we can combine the best of both worlds and it is the flexibility of gigging employment and there is a trade off between flexibility and employment I'll talk about that. Along with minimum earning guarantees for US per mile reimbursement of expenses, healthcare benefits, medical disability coverage protection against discrimination, which anyone should have and harassment and safety standards were trying to now lead to actually.

Dara Coaster Scott CEO Derek Coaster CFO Cara harassment Vanessa Ed York Times California
"ceo dara khosrowshahi" Discussed on Pivot

Pivot

03:14 min | 1 year ago

"ceo dara khosrowshahi" Discussed on Pivot

"A bolt of lightning into your face, and then you can voss in about five minutes into it. You decide you'll stay ugly and you run out of there. This is literally the ultimate talks Oracle. Saying we're want we want to be young again and we'll do something ridiculous to try and seem young again it makes absolutely no sense I don't think. They're even serious about why why wouldn't you? Why wouldn't you announce it and watch your stock go up to five percents he's okay. This is just ridiculous way to sell a company I'm sorry. But speaking of companies are so many different things apple two, trillion dollars Scott, what the heck what are you think about that? Two trillion dollar valuation that's really it's really well right thirty five years to get to a trillion and then twenty three months to two trillion is because of. What I'll call economic fiscal and tax policies that once you make the jump two light speed, it's much easier to go from. One trillion to two, trillion than I. Think it is from zero to a billion. It's once you get to that scale and what's really All right. But so what do you? What does it? WHO's the next to trillionaire was the next one Amazon I got this. Wrong. I thought Amazon would be the first one, trillion I this two trillion apple bow times less interesting thing about apple and again, this comes back to my obsession with recurring revenue bundles. Apple's earnings have not increased between one trillion and to try, and there's there's been no increase in earnings to stock and recast as a recurring revenue bundle because in their time and Scott from eight percent to twenty five percent recurring revenue. Basically, they've taken a page out of the Amazon Prime Notebook. And every every corporation has a lesson here, and that is if it doesn't increase revenues but it wants to double its market cap, it just needs to move to a recurring revenue bundle and no firm has made more progress against that standing starred than Apple. So no increase in earnings but doubled uprise rundell. So rundle is the way to go. So we're going to start a rundle and we're GONNA buy tiktok correct we're GONNA run for? Okay. All right. But who is going to be the next trillion dollars and by the way apple's right in the middle of a big fight with fortnight and with its developers at the same time. So it's never looked more powerful right when everyone's saying, it's too powerful. What what what what's to this? I thought it was gonNA be without Amazon. Who Do you think going to be Amazon? Amazon Apple Amazon even more. So in terms of what's interesting is there's the target Walmart had record quarters all these big companies are killing it during the damn it. Shouldn't really be using that metaphor but It's really amazing how the bigger just getting bigger and at the same time, there's these countervailing forces like fortnight or base camp or any other company talking about these big companies as if they're terrifying and so they're doing incredibly well in the stock market and terrifying other businesses in the process nobody can catch on. The if you, if you slice the S. and P. Five, hundred into dense aisles, a the top fifty are up something like eleven twelve percent now big tax up forty, two percent. and. Everyone else. As you go down if as you go from big to small, it's literally there's a correlation between returns and big everyone used to say big was bad no biggest good in this economy. And also big tech. MONOP-. TYPIC- to fail, you want to be a big tech monopoly and everyone.

"ceo dara khosrowshahi" Discussed on Pivot

Pivot

01:33 min | 1 year ago

"ceo dara khosrowshahi" Discussed on Pivot

"Hello everybody and welcome to pivot school. The third one we're on the third one Scott, I'm Karen Swisher Sky. Cowan I'm here to announce that I'm in serious discussions to acquire tiktok Cara. It's it's time. It's time I. Mean you realize okay. So let's let's take a moment right twitter stocks down so Yeah got. Microsoft increases by the value of Boeing on the notion might get tiktok Oracle's only five, eight billion dollars take every tech company in the top thirty most. Important. Tech companies take out the Chinese takeout the monopolies the can't do it for to raise antitrust factor I think somewhere between a third and a half of those are going to have their investor relations. Departments leaked to the press in serious conversation just to get another three to ten billion dollars mark. Evaluate you know who's GONNA end up acquiring them Nike South No one I. Think the Chinese are going to sell a great Internet needed American in thirty to fifty terms. Yeah, right. Yeah. Right. So Oracle what the hell honestly seriously this company, why kept me arguments a lot in? A lot of ads have a Ryan seacrest video of him dancing with your enterprise software solution. I think there's a perfect fit here. then. Talking. With the president that's where that's why. Do you. Do you know what fracturing US fracturing is when you go in and this nice cosmetologist takes this laser staple gun and staples.

Oracle Karen Swisher Ryan seacrest twitter Cowan US Cara Scott president Microsoft Boeing
Uber cuts 3,000 jobs as pandemic slashes demand for rides

AP News Radio

00:38 sec | 1 year ago

Uber cuts 3,000 jobs as pandemic slashes demand for rides

"There's another layoff announcement from uber as the ride sharing giant experiences more fallout from the corona virus pandemic San Francisco based uber has cut three thousand jobs from its workforce and the company has cut a quarter of its workforce since the year began the corona virus has slashed demand for rides uber lost two point nine billion dollars in the first quarter and the rights business the company's main profit generator fell eighty percent in April compared to the same month last year uber CEO Dara Khosrowshahi says they're closing or consolidating forty five offices globally and refocusing on their core business one silver lining to the pandemic is it eats business delivering food is doing great but the growth does not come close to covering expenses I'm Jennifer king

San Francisco Dara Khosrowshahi Jennifer King CEO
Uber Cuts Thousands of Jobs, Citing Coronavirus Pandemic

BBC World Service

00:53 sec | 1 year ago

Uber Cuts Thousands of Jobs, Citing Coronavirus Pandemic

"Uber is laying off more than three thousand employees as demand for rides plunges and Paris and Bonn reports that uber joins other tech companies and cutting jobs due to the corona virus pandemic the layoffs are hitting fourteen percent of uber's corporate workforce jobs are being cut in customer support and recruiting because of the drop in ridership and a hiring freeze over is also closing around a hundred and eighty help centers for drivers and CEO Dara Khosrowshahi is for going the rest of his one million dollar salary through the end of this year Coster shy he said there will probably be more cuts to come as the company tries to rein in costs he told staff quote days like this are brutal over was already losing money before the pandemic which has hit transportation and travel companies hard uber's competitor left and Airbnb both laid off thousands of employees in recent days Shannon bonds NPR news San

Coster Airbnb SAN Paris Bonn CEO Dara Khosrowshahi Shannon NPR
Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

Mark Thompson

00:48 sec | 1 year ago

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary

"Over is laying some people off as you're aware I mean I'm talking about not the drivers these are the people associated with the administrative access aspects of management aspects of Francisco based uber has just announced that the company will be making major cuts and due to the corona virus pandemic what we've learned from the U. S. securities and exchange commission is that uber will cut thirty seven hundred full time jobs or fourteen percent of its work force the job cuts will be from the company's customer support and recruiting teams CEO Dara Khosrowshahi is also leaving his base salary for the rest of the year Hoover also says it's evaluating other costs and hinted more cuts could be coming the company has also lost a lot of business recently since fewer people need rides during the

Francisco Dara Khosrowshahi Hoover CEO
"ceo dara khosrowshahi" Discussed on Squawk Pod

Squawk Pod

08:32 min | 1 year ago

"ceo dara khosrowshahi" Discussed on Squawk Pod

"Much more after this. Welcome back to swap pod while Andrew was a new New York chatting with the CEO of Uber. Becky and Joe were and still are in California at the AT&T Pebble Beach pro-am an annual invitational golf tournament. That squawk has been attending and Joe has been playing for years. Joe and Becky aren't the only slabs that team leaders coghill Murray and Clint Eastwood Star studded as it is here on Squawk we're focused on the business leaders who play celebrities. CEO's boat breaking within our circle are CEO's one of those CEOS et's Randal Stevenson the events host he. He hasn't held any interviews since last year when we spoke to him at this same venue this year we started with a surprisingly strong economic metric. That came out just moments before they had this conversation station. It's the first jobs report of twenty. Twenty January added two hundred twenty five thousand jobs well above Wall Street's estimates. Here's Joe Kernan taking off the conversation with Randal Stevenson. We haven't seen you in a while. Let's talk that was the three month. Average is like supposedly impossible to have done. It's like back to ten or fifteen or something. In that year ago I was told by Zandi and other people supposedly Cellino something that that's impossible feels good. I mean it really does feel good. We went through a period. We were seeing it. We were experiencing where investment from our big customers. The ones that are playing being ear it started to taper down. We attributed that to the China in Mexico trade situations but I'm hopeful with that kind of behind us in the rear view mirror. Investment picks back up the job number is very encouraging. We're actually very bullish on twenty twenty years of economic outlook start just in from the slowdown from your investment in the at and T.. You hit you. Transform the company into a huge media player Aaron and some people say oh. You should've stayed you know the waiver rise in does it and just focus on On your PS and QS. And you're taking on too much debt and I mean a year has gone by can. Can you update us on the progress in terms of paying down the debt and the results that you're getting the stocks done well as well we. We came into the year two thousand nineteen last year and we told everybody right number one priority was get the debt pay down and so we took on forty billion dollars debt to do this deal and we exited last year having paid off thirty billion dollars the debt. We said we one day at the year two and a half times EBA that was arthritis. Shall we say it was a healthy place to be so check that box two and a half times dead Eba we sit. We really wouldn't start aggressively buying back. The shares we issued to do Time Warner until twenty twenty but the cash flow is so strong. Last year we told the market to expect twenty six billion cash flow. We did twenty nine. We bought back fifty six million shares last year. So we're well on our way to retiring a lot of the shares were issued issue to do Time Warner will buy back about one hundred million shares in the first quarter. That's well on the way that that process is going. You'll see us. Continue to buy back stock aggressively the cash slows. The business are really strong. The businesses the wireless business particularly is executing really. Well had a really good quarter on wireless and the media business. I mean the media business is really doing well John Stinky and his team or standing up a new streaming product. And I think it's going to be one of the most exciting streaming products in the market. Tapio Max and it gets launched in May and the outlook for that is really really well. So we're feeling good about most importantly you have all six friends and Six I read that too. We didn't announce that there was There was some news yesterday that there may be episode created but that that was not our announcement. Yeah we do. We did pull in his. You know all of the the rights for friends so we own all of the rights for friends and Big Bang theory. We pulled those in the fourth quarter is so those will be obviously stalwarts on our streaming platform in. May He liked the wacky media. Business from Oklahoma. You're I know you have known you for years. Yeah it's not a natural. I don't know if I'm GonNa see you out there at those parties at Ariz House is going to be something. I don't know Joe you've not invited me. Are you even if you did your your persona where you go in some of those new sunglasses you saw me wearing where you go inland. I don't see that ED happening. That's why we have John State. So Elliott I when I saw that I am not following it as closely. This is your and what what has happened but for me it was like when they got bored messing around with. At and T.. And they've they've moved on what HAP. How did that whole thing with this off? Thanked thanked him. How did that? How was the relationship with the confrontational? Did did you lose. Any sleep over. What was happening was awesome? It was it was a period when they sent the letter. If you read that letter you and this is what I told the guys at Elliot is. I think you've identified a good investment. We happen to agree with the areas that they thought the opportunities for. At and T.. Word capital allocation margin expansion and and and Some some things on the portfolio and we were way down the path of executing a lot of this but they had some other good ideas so we spent a lot of time together talking about some of these ideas and actually became thought of a mutual mind and a plan that we put in place a plan that our board had largely agreed to. They really gave me some good insights on some communication. I've probably candidly wouldn't have communicated in the detail of our capital allocation plan that we communicated but their points always were valid. That it's time to put some some detail out there. In terms of water capital allocation plan was share buybacks particularly and so bottom line. I think they have identified it. A good investment and they were right last year. The total shareholder return. We were up forty five percent current it staying at John You. Are you going to stay the way. It is nothing that they're not pushing for anything that change at this commitment last year that I would stay at least through twenty twenty so I I will stay at CEO through twenty twenty two but possibly even longer. I didn't give any indication beyond that the board and I have to have that conversation. Obviously you already said John on is doing a great job in your view at there are few people that have the breadth of the business creators. Joey over the entire landscape escape just totally guy. Good though I mean that helps to be you guys saw on a box. He had an event we had an event last night. Where he was interviewing Reese Witherspoon and Andrew Wilson and Jeff Zucker talking about whereas media going and you saw a guy who has a breadth and understanding of the media world he has there's a breadth and understanding of the communications industry? So he's doing a terrific job. How many subscribers do you think you need for? Hbo Plus US in order for it to be okay. This is success. This is what we're shooting for. Disney just came out and said I think they have twenty six and a half scrubbers for Disney plus so. HBO Maxa the correct. You becky thank you but we still think of it this way we have. HBO's in the marketplace at about fifteen dollars right now and we have about thirty million subscribers drivers on HBO Right Now and those thirty ten million are on. At and T. owned platforms and those will convert immediately HBO Max Subscribers. This Day. One the number we have put out his We're we feel pretty good that by two thousand twenty five our number should be about fifty million. US subscribers drivers to HBO. Max and if we hit those kind of numbers which we thinks eminently achievable. It's a real revenue lift and profit lift for the business and it's putting all this content content that we now own the content production machine that we have over at Warner Brothers just putting that content to work on our own platforms and bilberry optimistic. Fifty fifty million as well within Range Andrews GonNa ask a question. You okay if I if I guess of course of course Andrew a somewhat somewhat.

Hbo Joe Kernan CEO Andrew Wilson John You HBO Randal Stevenson Time Warner Becky Disney golf Warner Brothers California New York EBA Tapio Max Oklahoma
Uber CEO Khosrowshahi vows to deliver a profit

Squawk Pod

01:36 min | 1 year ago

Uber CEO Khosrowshahi vows to deliver a profit

"Today Andrews interview with Uber Ceo. Dr COSMO shocking. Investors have been watching Uber closely for signs of profitability when Uber went public on the New York Stock Exchange in May of Twenty nineteen. Andrew asked Dara about it and Dara. Well here's what he said so for us. The Path to profitability isn't theoretical there are cohort of countries that are profitable. We do reinvest profits aggressively recipe. New Business Lines like eats that have great promise but we're pretty comfortable when we look at the portfolio of businesses. That we have that we have a very strong Pathak off a a few months later in an interview with CNBC November Dr Projected profitability by twenty. Twenty one we are actually targeting twenty twenty one for adjusted even profitability full year and this week around eight months after the company's First Trading Day Uber reported its fourth quarter financial results. And and as you'll hear there was also some good news for investors about that profitability goal. Here's Andrew Uber reported quarterly results. Last night the ridesharing giant announcing announcing on its call with investors. It is moving up. Its target for profitability by a year. Join US right now. For an exclusive interview is Uber CEO. Derek Ezra Shack Good morning to you. Good morning thank thank you for for coming in. Let's walk through if you could for investors so they understand how you think you get there and when I say get there. I'm talking about profitability. Well as we made through our way in two thousand nine hundred and we became more and more confident of the strength of business and the ability of our teams to execute.

Andrew Uber Uber Ceo Dara Dr Cosmo United States Derek Ezra Shack CEO New York Pathak Cnbc
"ceo dara khosrowshahi" Discussed on KCRW

KCRW

03:45 min | 1 year ago

"ceo dara khosrowshahi" Discussed on KCRW

"You're listening to All Things Considered from NPR news uber will pay four point four million dollars to employees who were sexually harassed at work the settlement resolves an investigation by the equal employment opportunity commission I found uber allowed a culture of sexual harassment and retaliation the investigation came after a series of scandals that led to the ouster of uber's co founder and C. E. O. Travis Kalanick in two thousand seventeen more than two years later we were still trying to clean up its workplace culture NPR tech correspondent Shannon bond is here to discuss it hi Shannon hi tell us more about the settlement yeah this is just the latest chapter in the long running issues with diverse culture in this case about sexual harassment and retaliation for reporting that her Asman so in this settlement over will pay four point four million dollars into a fund for current and former employees with complaints dating back to twenty fourteen and that amount might not be big but over doesn't come out looking perfectly good from this it's agreed to have its workplace be monitored by a former EEOC commissioner for three years and the message that this federal agency is sending is really to the entire tech industry EEOC officials say the settlement will hold over accountable but they also hope it'll encourage other workers to speak up about sexism intact explain more about why the EOC was investigating uber in the first place yeah this goes back to early twenty seventeen a woman named Susan Fowler who is an engineer who had recently left over wrote this really shocking blog post describing a toxic work environment there she said right when she first started her manager propositioned her and she later heard from other women this wasn't the first time that it happened when she complained she says HR and management protected the manager who they said was a high performer not post really set off this chain reaction there is an internal investigation twenty employees were fired for bad behavior in this and other scandals ultimately culminated in the ouster of Travis Kalanick the CEO that summer and federal regulators including the EEOC began looking into a bar and what about the EOC investigation find well the EOC says it found quote reasonable cause to believe that it were permitted a culture of sexual harassment and retaliation and that matches what other investigations over the years about over have found their Dara Custer Shockey who replaced Kalanick SCO has pledged to change overs ways and has made some changes they got rid of a requirement that sexual harassment and assault complaints be settled in arbitration those claims cannot be taken to court how significant is the settlement in the context of a company like uber four point four million dollars doesn't sound like a whole lot of money yeah it's not much money at all especially here in Silicon Valley I mean remember uber is the company that brought in eleven billion dollars in revenue last year that's less than a tenth of the mount then the settlement is less than a tenth of the pay that CEO Dara Khosrowshahi took home last year and burst paid other bigger settlements like last year paid ten million dollars to settle claims of race and gender discrimination so I I I asked this question to Adrian Lawrence who is a lawyer and has a book coming out about sexual harassment workplace faster you know what she made of it here's what she said so when we consider how much this four point four million dollar settlement fund is it's really just a drop in the bucket but she says the the someone also sends an important message to employees and other tech companies a possibility of facing workplace penalties fines and continuing to really be subject to government monitoring that is something that Burr and a lot of tech companies they don't really want and we know sexual harassment is a pervasive problem in Silicon Valley not a city Burr so the hope is this will put other companies on notice to tech correspondent Shannon bond thank.

NPR
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:49 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"This company over per tom okay thanks sure question sharks we only have short amount of time because we do have a drone thing going i'll ask three questions hey dr jason dory from recode cushion about ubereats we talked about believing you'll be the number one food delivery company with the exception of china i think we are you think you are globally what is the longterm differentiation of that business to consumers is it the partner restaurants is it just scale and the second part of that is curious in the us if you think you'll need any acquisition of other brands and the space to strengthen your your hold here i think that the magic that we have is the hardcore execution and getting the delivery in under thirty five minutes and getting an under thirty five minutes every single time to move that success factor from like ninety eight percent to ninety nine percent is incredibly difficult but i think we have a team that is just really driven to making us perfect and as fast as possible and i think it's that simple and i don't see anyone else as dedicated to just being fast every single time that's a secret is seems simple but it's really hard to execute on the second second question was just acquisitions in the space i think we will be opportunistic i've done lots of acquisitions in the past we don't need an acquisition but listen this is a big space there's a lot of growth in it i think that delivers going to be a much much bigger portion of kind of eatings and consumption going forward plan number one is organic and we'll be opportunistic of their acquisitions out there we just don't need to do it.

us tom dr jason dory partner thirty five minutes ninety eight percent ninety nine percent
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:31 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"And a lot of ways the investment yahoo made in china was what made it like and right now you're won't be the path to my success right all right last question when are you going public two thousand nineteen second half of two thousand nineteen right and we're on track i need a cfo you need a lot you need some women executives that would be kind of nice would be definitely kind of nice and working on it we're come on it's on a serious note i am too we talk about on recruiting etc in order to build a diverse let in order to build a diverse team you've got to build a diverse slate and that takes time like it's not you can say it it actually takes time to find the talent out there and to find diverse down out there and if i'm gonna tell my eggs excellent i've got to do myself right and so it is taking time i don't know whether it will be a woman or a man but i'm gonna make damn sure i look at both yeah this particular company could use some women executives and so i agree and we can do it we'll make it out in the audience i hear hi sid wilson presidency yo for the hispanic association on corporate responsibility in washington dc you've had some some pretty high profile diverse hires tony west as general counsel you just hired bo young lee as your first chief diversity operated we chat raid.

yahoo china cfo hispanic association general counsel lee sid wilson washington tony west two thousand nineteen second
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:45 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"May travel dot com slash decode and use the promo code decode during checkout i'd also like to tell you about my other podcasts you embarrassed to ask every week we answer all of your questions about consumer tech in this week's tech news this week i talked to peter copquin and casey newton at the code conference do those in eighteen what did we talk about boys everything like what come on we talked about all the best speakers who said the most controversial thing border what curious cheryl sandburg offstage didn't really say and talking about what evans people's really like behind the scene people's new shirt people didn't like that shirt i thought it was great water okay all right in any case it was a great podcast and we talked about all the speakers of co two thousand eighteen which was really great conference which is just wrapping up we are recording this from rancho palos verdes by the beautiful sea you can find embarrassed to ask on apple podcast google play music or wherever you listen to podcasts that's too embarrassed to ask see you there all right last couple of questions and then we'll get to the audience suffering a lot of people feel that you're just going to carve up the world that you did you're getting rid of you got rid of china that you'll do that in other markets do you we we sold in southeast asia right we are in a position to win in every market that we're in and part of the reason why we sold in southeast asia's one we believe in grabbing anthony who runs that business but we wanted to have enough dry powder to win everywhere we're in that position india india middle east africa etc we are going to be i believe the winning player in those markets and we're gonna control our.

rancho palos verdes asia anthony peter copquin casey newton cheryl sandburg evans google southeast asia east africa
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

02:02 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"The infrastructure the transportation infrastructure of cities cannot keep up with that kind of growth so one is you got to be smarter which goes to sharing cars getting away from car ownership which is pull second is you need to build out alternative forms of transport nachos cars which is the bikes that were getting into and the third is just like residential has gone three dimensional skyscrapers and commercials gone three mansions you're going to have to build a third dimension in terms of transportation and elevate for us is the third dimension that we're taking a big bet on but it's a long term bet and we're doing it with a number of partners out there we're gonna take another break to thank sponsors who bring this show to you we'll return to this interview from the code conference after this today's show is brought to you by away travel they asked thousands of people how they pack why they travel in what bugs them most about their luggage then they made an affordable highquality suitcase that solves those problems choose from a variety of colors and four sizes including to carry on sizes each suitcases made with premium german polycarbonate that's unrivalled in strength and impact resistance but also lightweight there's a tsa approved combination lock built into the top of the bag and inside each one there's a removable washable laundry bag that keeps dirty clothes separate from clean and here's the really cool part i am always on my phone if it dies when i'm twittering when i'm traveling which is always than it is a huge hassle for all my giant fans on that media but both sizes of the awake carry on can charge cell phones tablets ereaders anything else that's powered by usb cord a single charge of the carry on my iphone five times so it's convenient and highly annoying to the twitter sphere get twenty dollars off this amazing suitcase which i use also in my son uses it go away travel dot com slash decode and use the promo code deco during checkout there's one hundred day trial period and shipping is free to the lower forty eight states we call it that that's an interesting way to discuss the united states of america one more time that's.

tsa united states twitter america one hundred day twenty dollars
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:58 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"Oh it's cetera into an into payment system so we want you to be able to like say should i take the bar should i take a bike should i take uber all of to be real time information all of it to be optimized for you and all the to be done with the push of about transfer tanny transportation totally friction less real is also growing business for you as an exploding business in a good way it's now at a six billion dollar bookings ron right growing over two hundred percents i think we are going to be the largest food delivery business in the world x china and it is it's taking advantage of our customer base it's taking advantage of our brand but also kind of create a startup within within the company that can use all of our local infrastructure in all the cities of that were in eats only two hundred and fifty cities on basis they got another three hundred and fifty to go in order to catch up to a rise this so that's a promising business these other ones are the ones you're looking for growth because you you all need to keep that family listen it's the way i think about growth is there's a core rides business which is still growing very very healthy what have you got that now overall the growth rate of her business this last quarter the revenue growth was sixty seven percent the rise business we haven't disclosed but you know it's gotta be at healthy rates in order for the overall business to be growing sixty seven percent on a revenue basis so you got the rides business eats the scaling we've got businesses like a freight that or going to be bigger businesses three to five years from now in this concept of uber as a platform for us something i think that's very very exciting kind of five to ten years from now what about self driving nobody thinks you're staying in selfdriving.

china selfdriving sixty seven percent six billion dollar five years ten years
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

02:18 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"Because then now i'm like i think i'll just walk or i think i'll just it's not quite as like wow it's like no taking one of those scooters those things are not scooters bikes so i do think tom tom this has come up right you just by you but one of those bike we bought jump john which debunks and a very very important push for us is to innovate to lower costs in other words not just take the rates down in order to lower cost but actually use innovation to lower the cost of getting from point a to be an examples of our pool again and we we have launched a new product which is go express pool where he meets certain point you meet at a certain point you may wait so you may walk a block or to make it dropped off a block of two from where you're going it allows us to match much much more efficiently and allows the the ride to take less turns right so the ride itself becomes much more efficient and then we are thinking about alternative forms of transport if you look at jump out the average length of a trip at jump is two point six miles that is thirty to forty percent of trips in san francisco or two point six miles or less jump is much much cheaper than taking baracks and some extent is like hey let's cannibalize ourselves let's create a cheaper form of transportation from from a to b and for you to come to her and uber not just being about about cars and uber not being about what the best solution for us is but really being about the best bikes scooters bikes perhaps scooters i want to give the bus network on i want to get the bar or the metro etcetera onto brousseau anyway for you to get from point a b you want to start your own bart no no no we we want to we're not going to go vertical ever just like amazon sells their party goods we are going to also offer third party transportation services so we want to kind of be the amazon for transportation and we want to offer the bar as a an alternative is a company called musabe that is is connecting metro.

san francisco amazon musabe tom tom forty percent
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:56 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"Wli too is we are going to work on earnings and maximizing earnings as long as it doesn't fundamentally hurt the price of the product and that's tough so for example pool is a product and were investing hundreds of millions of dollars in pool in order to get to people into a car those people can pay much much lower rate and the driver doesn't have to take the brunt of brunt of that and then we are also looking at benefits you know there's this as you think about the gig economy and independent workers etcetera there's this independent workers a second class citizen that all of a sudden doesn't get access to benefits healthcare etc just because they've chosen to work for themselves versus outsource their career to to accompany i think we think about the future of work work is going to be much less about a company then it is going to be about the work itself and so part of what i wanna do we want to do is to think about the independent workers not bullying a second classes and can we economically build out benefits packages and insurance so that this this can be a safer way of living while the same time being your own dishes four drivers starting to get rougher rougher listen it's i think that the competition for drivers is a bigger competition with economic context because at connie's getting better and as you know unemployment rate is at an all time low so we have to compete against the connie for drivers it's not necessarily us versus lifted cetera it's our sourcing just more drivers to come onto the platform and we have to make them more attractive because there alternatives are becoming more attractive still saying that the core business i noticed it just in san francisco prices going up quite a bit like a.

Wli connie san francisco
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

02:00 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"This is something i fundamentally disagree okay all right the face of uber is the person sitting in the front seat mostly guys i actually would like to have more women sitting in the front seat as well 'cause it's a great form of employment you know you can you can be your on boston you don't need to work fulltime that is the face of uber right it's it's we build a delightful app you can get in and get up but ultimately the time that you spend with our service is really the time that you spend with our driver partners so we have launched actually one of the first product when was that we made is launching a new driver app it was built in concert with the drivers we actually consulted them they were involved in in building out the app and we're introducing a lot of features that there's a lot of still disgruntlement they don't feel like they're paid enough that they're getting i get email every day so we have three million driver partners around the world and there are some that are disgruntled all of them i think wanna make more money but fundamentally they get to be their own bosses and they get to work on their own terms in general if the driver earnings are going up and we have increased time and distance in certain places and we've let them if they feel the push bull of the system not giving them need the obviously don't have benefits and other things that well listen in europe we rolled out a an insurance feature with axa where the driver partners actually do get benefits if they have accidents they have insurance they got maternity paternity benefits etc so we are actually we have to build a great service and i think one of the fundamental growth blockers that we have or are we going to be able to have enough driver partners recruit enough driver partners longterm so one is we're working on the product very very active.

boston europe axa
"ceo dara khosrowshahi" Discussed on Recode Decode

Recode Decode

01:41 min | 3 years ago

"ceo dara khosrowshahi" Discussed on Recode Decode

"I said thank you for my job yeah you did he did which was really lovely we liked that because you like to go maniacs so you got your job you didn't think it was part of a really strange process having covered it and stuff like that you didn't think you got the job correct no it was it was one of the most bizarre processes out there and it was kind of a known third party right and which i think you swore to figure out who did i sell it was a man who was not a white man who was a person of i don't i don't know what you but in any case they were figuring out but you're you're persian you said it was not someone was they gave me all kinds of clues but i couldn't figure it out but i had different parts of you and stuff like that but i did figure you out true then eventually but you didn't think you had the job no it was i mean i was competing with these headliners legends of business immelt make men and i was just a guy in seattle who's running expedia in my own nests there and and you know the one of the vantage that that i had was i love my job i love what i was doing at expedia and at first it was a bit of a lark and mike i'm happy where i am doing great i actually talk with daniel eck was the next person that you have on our member conversation over drinks with daniel and daniels like since when is life about being happy like this is about doing something great like this is an important company in your life.

seattle expedia daniel eck immelt mike i