Uber announces new CEO

Can Uber spiff up ousted CEO Travis Kalanick to make him acceptable to a new leader?    
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If Khosrowshahi accepts the postion, as all indicators point he will, vacation rental industry observers will be watching closely to see how new leadership will trickle down to the vacation rental marketplace that is now facing significant opposition from its rental home suppliers and is in a fierce battle for market share with Airbnb.

Expedia, the popular travel company based in Bellevue Washington, has expanded to over 60 countries under his leadership.

Expedia Inc.'s stock (EXPE:OTC) was up 32 percent in the Trump bull market this year before the Uber news leaked.

Khosrowshahi stands to make as much as $127 million from unvested Expedia stock options at Monday's share price, according to company regulatory filings, a factor which no doubt featured in discussions over his compensation at Uber.

The ride-services company is still grappling with an overhaul of its workplace culture, a range of legal troubles and most recently a bitter board dispute.

If and when the appointment of Uber's next CEO is formerly announced by the company, Khosrowshahi has a hefty job on his hands to turn the company around and rebuild the reputation Uber had established when it was first founded in 2009. Wingz previously had $2.7 million in backing.

Whitman said she was approached again late on Friday, as Uber's directors continued to struggle over their CEO choices, according to The Financial Times. Khosrowshahi made a point of personally using Wingz, he said, while Expedia added a feature allowing travelers to book airport rides with Wingz. He has led the firm through a series of acquisitions including home rental site HomeAway and bookings sites Orbitz Worldwide and Travelocity.

It needs to be seen if Khosrowshahi can successfully take on the daunting task of mending Uber's image, rebuilding employee morale and create and sustain a profitable business. It is also reportedly facing a Department of Justice probe over a tool it built to help drivers dodge law enforcement.

Despite all its struggles, Uber continues to see strong growth in ride bookings, which doubled in the second quarter compared with the same time previous year.

Despite the distractions, Uber last week reported it generated $1.75 billion in adjusted net revenue in the second quarter of this year and its net loss narrowed.

"All the guys who invested earlier want to get some of their money out", Ramsey said. Board members are engaged in a very public fight, one that has spilled into the courts and influenced the CEO pick.



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