With Waymo Settlement, Uber C.E.O. Makes His Mark - The New York Times: The actions helped lead to a compromise. On Friday, four days after the trial began and revealed some embarrassing testimony, Uber and Waymo announced they had settled the trade secrets dispute. Under the agreement, Waymo dropped the suit and will receive 0.34 percent of stock in Uber. Uber also said that it could have handled some past actions around driverless car tech differently.
The settlement signified something else, too: Uber is Mr. Khosrowshahi’s company now. Since stepping inside Uber’s doors last fall, the 48-year-old has made it clear he wants to put the company’s checkered past behind it as fast as possible. With the Waymo deal, he showed the many tactics that he plans to use to accomplish that — expressions of regret, accompanied by conciliation, compromise and efficiency. Call him the diplomat in chief.
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Mr. Khosrowshahi’s modus operandi is to clear the way for the big tasks ahead for Uber, said the people who were briefed on the matter. One of those tasks is taking the ride-hailing company public next year, in what is likely to be a blockbuster initial public offering. As a private company, Uber is valued at around $70 billion.
“My job as Uber’s C.E.O. is to set the course for the future of the company: innovating and growing responsibly, as well as acknowledging and correcting mistakes of the past,” Mr. Khosrowshahi said in a company blog post.
The settlement signified something else, too: Uber is Mr. Khosrowshahi’s company now. Since stepping inside Uber’s doors last fall, the 48-year-old has made it clear he wants to put the company’s checkered past behind it as fast as possible. With the Waymo deal, he showed the many tactics that he plans to use to accomplish that — expressions of regret, accompanied by conciliation, compromise and efficiency. Call him the diplomat in chief.
Continue reading the main story
RELATED COVERAGE
Uber and Waymo Settle Trade Secrets Suit Over Driverless Cars FEB. 9, 2018
Why Google’s Bosses Became ‘Unpumped’ About Uber FEB. 7, 2018
In Waymo-Uber Trial, Kalanick Recalls ‘Jam Sesh’ With Rival Engineer FEB. 6, 2018
Waymo v. Uber Trial Opens With a Battle of Sports Metaphors FEB. 5, 2018
Advertisement
Continue reading the main story
Mr. Khosrowshahi’s modus operandi is to clear the way for the big tasks ahead for Uber, said the people who were briefed on the matter. One of those tasks is taking the ride-hailing company public next year, in what is likely to be a blockbuster initial public offering. As a private company, Uber is valued at around $70 billion.
“My job as Uber’s C.E.O. is to set the course for the future of the company: innovating and growing responsibly, as well as acknowledging and correcting mistakes of the past,” Mr. Khosrowshahi said in a company blog post.