Stay humble — that was the most important advice that Uber CEO Dara Khosrowshahi’s mother ever gave him. Dara Khosrowshahi beat out the likes of Hewlett Packard Enterprises CEO Meg Whitman and outgoing GE CEO Jeff Immelt for the top spot at Uber. Dara Khosrowshahi has four children, a daughter, and a son from his first marriage. At a recent businesswomen summit, where he was joined by his mother Lili Khosrowshahi, Dara said that his humility comes from the struggles they faced while moving to US during the Iranian revolution. [8] In 1991, he graduated with a B.S. Khosrowshahi has a daughter, Chloe, and a son, Alex, from his first marriage. He got into a little controversy over a pedestrian being killed by one of Uber’s self-driving cars in 2018. [4], In 2001, IAC purchased Expedia, and in August 2005, Khosrowshahi became CEO of Expedia. One of Dara Khosrowshahi’s first tasks at Uber Technologies Inc. will be coming up with a new set of core principles. But that didn’t matter as Uber offered him $200 million for taking the CEO position. His $90 million stock was more than $180 million by then. His son, Behzad, runs DRI Capital, a pharmaceutical royalty firm, and his daughter, Golnar , founded Reservoir Media, a music licensing business. He is the chief executive officer of Uber and was previously the CEO of Expedia Group, which operated in online travel shopping. After earning his degree from Brown University … They are blessed with twin sons, named Hugo Gubrit, and Hayes Epic. [3], His uncle, Hassan Khosrowshahi, also fled Iran due to the Iranian Revolution and is now a billionaire. He was previously the CEO of Expedia and his 196,000 shares are worth $8million. Marketing is so important to our business, and our brand continues to be challenged. And twin sons from his second marriage with Sydney Shapiro who is an actress. Dara and his dislike of President Donald Trump’s immigration policy is no secret. [18], Khosrowshahi's main task was to clean up the image of a company that had become one of the most despised in the country, in part due to revelations about Uber's corporate culture. His name was Travis Kalanick. Dara Khosrowshahi, ... adding that his wife gives him a timepiece every year. As of 2020, his net worth is $450 million. [4] The couple has twin sons, Hayes Epic and Hugo Gubrit. Dara Khosrowshahi started attending an Ivy League private prep school along with his cousins and graduated from there in 1987. Before Expedia, Dara was also the CFO of IAC (InterActiveCorp), a holding company in the USA, for 7 years. After 7 years in 1998, he went to work in the USA as senior vice president of strategic planning and then the president. Period. [9][10], In 1991, Khosrowshahi joined Allen & Company, an investment bank, as an analyst. Even though Amazon started as an online book retailer, it soon expanded from that and is now one of the biggest tech companies in the world. [19], Khosrowshahi is an outspoken critic of the immigration policy of Donald Trump. Another cousin, Golnar, founded Reservoir Media in 2007 as a music publishing company. Dara wishes Uber to become more versatile and not just staying focused on a single field. He praised his wife for wearing a Slayer t-shirt to the wedding, which was held in Las Vegas. If Khosrowshahi accepts the offer, his … ON SEPTEMBER 5th Dara Khosrowshahi celebrated his first anniversary in the driver’s seat at Uber. However, when Immelt flubbed his presentation, Immelt's initial supporters threw their backing to Khosrowshahi. Save my name, email, and website in this browser for the next time I comment. [3][4] He is the youngest of the three children of Lili and Asghar (Gary) Khosrowshahi. [16]:321–324, He forfeited his un-vested stock options of Expedia, then worth $184 million, but Uber reportedly paid him over $200 million to take the CEO position. In an interview with Axios that aired Sunday on HBO, Uber CEO Dara Khosrowshahi appeared to downplay the Saudi government’s role in the murder of journalist Jamal Khashoggi, calling it … [20], In November 2019, Khosrowshahi caused controversy in an interview with Axios on HBO, when he compared the Assassination of Jamal Khashoggi to the death of Elaine Herzberg by an Uber self-driving car in 2018. Dara Khosrowshahi, chief executive of Expedia, would be the company's new leader if he chooses to accept the position, in a surprise ending to a contentious selection process that … Their company was later nationalized. Khosrowshahi has two children from his first marriage; a son, Alex and a daughter, Chloe. The company was seized during the Iranian revolution in 1979 and his family was forced to leave the country to move to the US. [13] During his tenure as CEO of Expedia, "the gross value of its hotel and other travel bookings more than quadrupled and its pre-tax earnings more than doubled. [4] Ten years later, in 2015, Expedia gave him $90 million in stock options as part of a long-term employment agreement, conditioned on him staying with the company until 2020. On December 12, 2012, Khosrowshahi married Sydney Shapiro, a former preschool teacher and actress. "[13] Under Khosrowshahi, Expedia extended its presence to more than 60 countries and acquired Travelocity, Orbitz, and HomeAway. But, he fortified his contract to become the CEO of Uber in August 2017. This included Kalanick, even though Khosrowshahi had made clear that under his watch, Kalanick would have no role in Uber's daily operations; as he put it in one of his slides, "there cannot be two CEOs." His twin cousins Ali and Hadi Partovi are hotshot investors. Ending forced arbitration is a savvy first step. Dara Khosrowshahi also has one son (Alex) and one daughter (Chloe) from his previous marriage. [6], In 1978, just before the Iranian Revolution, his family was targeted for its wealth and his mother decided to leave everything behind and flee the country. He donated to several funds over the years, showing his support. [7] His family first fled to southern France. Dara broke the deal and joined Uber as CEO in 2017. Your email address will not be published. Warren Buffett, How The Billionaire Came To BE. Uber Technologies Inc. or Uber is a multinational ride-hailing company situated in America that operates in 63 countries. But destiny had something else planned. Dara Khosrowshahi is an Iranian-American businessman who was born on May 28, 1969. They thought it was a temporary solution and they would be able to go back to Iran if the revolution failed. Uber started as a ride-hailing app. Expedia tried to keep him with them until 2020 by giving him $90 million worth of stock as part of the deal. But Dara’s previous experiences and his stability made him the perfect choice as Uber was still pretty unstable and scandal-ridden. Home » Get to Know About Dara Khosrowshahi. [21][22], Khosrowshahi has two children from his first marriage; a son, Alex and a daughter, Chloe. Dara Khosrowshahi, Uber. [15] He was initially viewed as a "dark horse" candidate in case the initial frontrunners, GE's Jeff Immelt and Hewlett-Packard Enterprise's Meg Whitman, fell through. [4] In 1998, he left Allen & Company to work for one of his former clients at the bank, Barry Diller, first at Diller's USA Networks, where he held the positions of senior vice president for strategic planning and then president, and later as chief financial officer of IAC, another company controlled by Diller. He married Sydney on December 12, 2012 (12/12/12). Dara Khosrowshahi took over at Uber's helm in 2017. Dara Khosrowshahi had a problem. [14], In August 2017, Khosrowshahi became the CEO of Uber, succeeding founder Travis Kalanick. They have two sons Hugo Gubrit and Hayes Epic Khosrowshahi. His family was prominent in … Dara Khosrowshahi Khosrowshahi was brought in after Kalanick's departure to become CEO. “I saw him work with strong personalities and complex situations, and simplify to focus on what actually matters,” said Jeremy Liew, a venture capitalist who reported to Khosrowshahi at IAC/InterActiveCorp. Dara Khosrowshahi is Chief Executive Officer at Uber Technologies Inc. See Dara Khosrowshahi's compensation, career history, education, & memberships. He has his work cut out for him, including dealing with company scandals, low employee morale and increased competition from Lyft. He often expresses his opinion against the president via social media. He is also a member of the board of directors of BET.com, and Hotels.com,[citation needed] and previously served on the board of The New York Times Company. Also, his brother Kaveh Khosrowshahi is the managing director of Allen & Co. His brother Mehrad Khosrowshahi is a managing partner of the boutique consulting firm Confida Inc, and his cousin Amir Khosrowshahi is at Intel. [17] He also serves on Uber's board of directors. He married Sydney on December 12, 2012 (12/12/12). Dara was bound with Expedia with an agreement to work as their CEO until 2020. This will benefit the investors in return, making the company gain a larger fund. [4][3] He praised his wife for wearing a Slayer t-shirt to the wedding, which was held in Las Vegas. Farzad Khosrowshahi, another one of Dara’s cousins, is the creator of Google Sheets. They were married in Las Vegas where his wife wore a T-shirt of a heavy metal band during their wedding. Before Uber, he acted as CEO of travel site Expedia. He was not the first choice of the then Uber CEO and founder, Travis Kalanick. [3] On December 12, 2012, Khosrowshahi married Sydney Shapiro, a former preschool teacher and actress. That, of course, was nothing new. [3][5] His family founded the Alborz Investment Company, a diversified conglomerate involved in pharmaceuticals, chemicals, food, distribution, packaging, trading, and services. Uber has selected Dara Khosrowshahi, chief executive officer of Expedia, as the company's next CEO.. Kalanick favored Jeffrey Immelt, the former CEO of General Electric. His mother Lili had to raise her children alone for those years without the support of his father. [13][4] In 2016, he donated to the Hillary Victory Fund, Washington Democratic Senator Patty Murray, and the Democratic National Committee. [3] They were planning to come back to Iran if the revolution failed, but when that didn't happen, they immigrated to the United States, moving in with one of his uncles in Tarrytown, New York. Hackley School, Tarrytown, N.Y., class of 1987. Dara wishes to model Uber after Amazon. Christophe Morin/IP3/Getty Images Venture firms. [11], In June 2013, he received a Pacific Northwest Entrepreneur of the Year award from Ernst & Young. [6], "BRIEF-New York Times says Dara Khosrowshahi to resign from co board in light of his new role as Uber CEO", "Evolution of a dealmaker: Expedia CEO Dara Khosrowshahi is PSBJ's Executive of the Year", "Expedia Chief Dara Khosrowshahi Will Be Uber's Next CEO. in Electrical Engineering. [7] His cousin Amir co-founded Nervana Systems, which was acquired by Intel in 2016 for $408 million. (Suggested read: Logan Green, Lyft … [7][4] In 1987, he graduated from the Hackley School, a private university-preparatory school in Tarrytown. Khosrowshahi was previously CEO of Expedia Group, a company that owns several travel fare aggregators. [5][4] In 1982, when Khosrowshahi was 13 years old, his father went to Iran to care for his grandfather. The Saudi government is an investor in Uber and has representation on its board of directors. Dara was only nine years old then. Dara Khosrowshahi is the former CEO of Expedia who took over Uber as CEO in 2017. He is the youngest of the three siblings. The couple has twin sons, Hayes Epic and Hugo Gubrit. Dara overcame a lot of hardships since he was a boy. But Dara Khosrowshahi believes that the new ventures he envisions for the company will create more earning opportunities for their associated drivers. The firm was one of the first … Several of the directors read the announcement as blackmail. He also donated to Utah Republican Senator Mike Lee, a supporter of libertarianism. After several deadlocked votes, Benchmark, a private equity firm that had helped lead the effort to push out Kalanick, promised to drop a lawsuit against Kalanick if it named Whitman as CEO. You also want to find out How Successful is Jeff Bezos? He joined IAC later on as the CFO. Now it’s also working as a food and grocery delivery service. He called them both "mistakes" that can "be forgiven". Dara is not the only tech genius in his family. His long history in tech made him a preferable choice for running Uber. As CEO, Khosrowshahi is leading the company into its long-awaited IPO on Friday. CEO Dara Khosrowshahi will not be paid for the rest of the year. Having experienced the hardships of a revolution at the age of 9, Dara sympathizes with refugees who are in crisis all around the world. Here's What We Know About Him", "Uber's C.E.O. When Mr. Khosrowshahi took over as chief executive of … She has been a former actress and preschool teacher. Dara is operating as the chief executive of Uber with over 22,000 employees working under him. Required fields are marked *. Dara Khosrowshahi, 48, was born in Iran in 1969, but his family emigrated to the United States when he was a child, after the Iranian Revolution. [1], Khosrowshahi is on the list of "Prominent Iranian-Americans" published by the Embassy of the United States, Tehran. Dara Khosrowshahi (Persian: دارا خسروشاهی, Persian pronunciation: [dɑː'ɾɑː xosɾo'ʃɑːhiː]; born May 28, 1969) is an Iranian-American businessman and the chief executive officer of Uber. “He has a strong moral compass.” Khosrowshahi was shaped by his escape from Iran as a boy, just before the chaos of the 1979 revolution. [12], In 2016, he was one of the highest paid CEOs in the United States. He came with his family to the US as a 9-year-old refugee. Early investor Benchmark Capital has a stake worth $6.8 billion. And twin sons from his second marriage with Sydney Shapiro who is an actress. in Electrical and Electronics Engineering from Brown University, where he was a member of the social fraternity Sigma Chi. They lived in Tarrytown, New York. His uncle Hassan Khosrowshahi is a renowned businessman, investor, and philanthropist who fled to Canada during the revolution. "[16]:330–331, In May 2019, Khosrowshahi led Uber in its initial public offering, which he addressed with employees in a company-wide letter. His parents Lili and Asghar Khosrowshahi have three sons. Chief executive officer, Expedia Inc. from . In 2005, Dara became the CEO of Expedia which was bought by IAC in 2001. For most of his teenage years, his father … It has been a productive year, but he still has an … Uber CEO Dara Khosrowshahi. He got married to Sydney Shapiro on December 12, 2012. He believes Trump’s decision to ban immigrants, especially of Muslim nations to be a mistake. His salary was set for $1million in 2019 with a possible bonus of $2million. Hopefully, Uber will be able to reach new heights under the leadership of this talented and businessman. Dara Khosrowshahi gets behind the wheel at Uber today. At all of his public appearances after taking over, Khosrowshahi stressed the message, "We do the right thing. Dara had to stay away from his father for 6 years when he was 13 as his father went back to Iran to look after Dara’s grandfather and wasn’t allowed to leave the country. When Dara was 13, his father returned to Iran to take care of his ailing … Right after graduation, Dara joined Allen & Company (which is an investment bank) as an analyst in 1991. He grew up in Tarrytown, New York with his mother and brothers. He is also related to Darian Shirazi, the founder of Radius and the first intern hired by Facebook. His family lived with an uncle of his in Tarrytown. Dara Khosrowshahi. He replaced Kalanick's once-inviolable 14 values, which contained such items as "super pumped" and "always be hustlin'," with eight values focusing on "customer obsession." CEO Dara Khosrowshahi is trying to make Uber seem trustworthy. Education. Mr. Harford, the exiting COO, has been shielded from the public spotlight after he was the subject of an internal review over what some employees described as racially insensitive remarks by the operating chief last year, Bloomberg reported. Pick, Dara Khosrowshahi, Steps into Brighter Spotlight", "Uber's CEO Comes From What May Be the World's Most Techie Family", "The amazing life of Uber's new CEO Dara Khosrowshahi – from refugee to tech superstar", "Spinoff of Expedia Comes at Tough Time for Its Sector", "Dara Khosrowshahi: Executive Profile & Biography", "Here's One CEO Who Probably Justified His $94 Million Payday", "New Uber CEO Dara Khosrowshahi: What you need to know", "Uber picks Dara Khosrowshahi as its new boss", "6 things to know about Uber's CEO pick Dara Khosrowshahi", "Uber officially announces Dara Khosrowshahi will be its new CEO", "Uber's New CEO May Get at Least $200 Million to Exit Expedia", "Read Uber CEO Dara Khosrowshahi's Letter to Employees on IPO Day", "Uber CEO calls slaying of Jamal Khashoggi 'a mistake' and compares it to a self-driving car crash", "Uber CEO calls Jamal Khashoggi murder 'serious mistake, Uber gave CEO Dara Khosrowshahi $45 million in total pay last year, but it paid its COO even more, Legality of ridesharing companies by jurisdiction, https://en.wikipedia.org/w/index.php?title=Dara_Khosrowshahi&oldid=992116317, Brown University School of Engineering alumni, Pages containing links to subscription-only content, Short description is different from Wikidata, Articles containing Persian-language text, Articles with unsourced statements from January 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 3 December 2020, at 16:08. 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