The policy change on collecting rider location data comes shortly after Uber picked Dara Khosrowshahi, chief executive of travel booking website Expedia, to take over as Uber's chief executive. Ultimately, the board decided on the third candidate, Khosrowshahi.
Benchmark, which holds a 13 percent stake in Uber, sued Kalanick Aug. 10, saying he misled the firm about his performance as chief executive and the reasons behind his request to expand the company's board from eight to 11 seats. Khosrowshahi wasn't the company's first pick-nor, possibly, its second: former General Electric CEO Jeffrey Immelt and Meg Whitman, the chief exec of Hewlett Packard, were both in the running, as well, according to the Times. He joined from Expedia which, according to a statement from Uber's board, "he built into one of the world's leading travel and technology companies".
Khosrowshahi's ascent to the top spot at Uber is also equally surprising given that there were other names doing the rounds. "That's something that Expedia is familiar with and something that Uber has perfected and will continue to flawless over its lifetime".
As a company that has more than 12,000 employees, a $70-billion valuation, and a looming expectation to go public sooner rather than later, Uber needs a leader with vast management experience who can help the company correct its course and prepare for an IPO, business experts said.
Okerstrom was seemingly the heir apparent but it's a bit of a surprise that the Expedia board didn't select an interim CEO and conduct a search of internal and external candidates.
Khosrowshahi's reported appointment ends Uber's hunt to replace the company's controversial co-founder and former chief executive, Travis Kalanick, who was pressured to resign in June. Khosrowshahi has also sat on the board of the New York Times since 2015.
On his ideas to turnaround Uber's culture, he said, "This company has to change". Kalanick faced criticism after numerous scandals took place over the last few months involving claims of systemic sexism and harassment in the workplace. "Indeed, nearly every article I have read today now expects Whitman to be gone by the end of the year". As the court recognized, this is a bilateral dispute between Benchmark and Travis Kalanick. He was off the Uber board within hours, and it became the unfortunate Uber meme for a while. Bloomberg sources told the publication that he is on the shortlist too.
Uber said it was doing so "to improve pickups, drop-offs, customer service, and to enhance safety". She left as a result of this acquisition, receiving a $186 million payout in the process, and now is reportedly looking for her next role at a company as the CEO.