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He took the job of Uber CEO because he'll make 100x more money than doing anything else. Taking over Uber was not 'hard mode' it's 'easy mode'. 'Hard' is buil
by sonnyblarney 8y ago
He took the job of Uber CEO because he'll make 100x more money than doing anything else.
Taking over Uber was not 'hard mode' it's 'easy mode'.
'Hard' is building a business that scales and that's making money. That's extremely hard.
Uber has utterly fantastic fundamentals - they are growing rapidly and have a very powerful brand (despite their CEO shenanigans, riders don't really care, they'll take Uber if it's convenient).
As the previous CEO self destructed with some bad bits of PR, the 'new CEO's job is to come in and be the new face of the company as he prepares for the IPO.
The new CEO can blame the old CEO for all of the cultural problems, which are frankly not that hard to fix - after all it's mostly cosmetic. Fire a few really bad apples or those who can't be tolerated, launch a new social program, make it public etc.. The vast majority of Uber staff are just regular people.
Some restructuring would be required, such as axing some of the more aggressive secondary plays, which allows the nice unit-fundamentals to shine through.
And then do one of the biggest IPO's in history.
Taking over for a CEO who mostly has a 'perception problem' of a company that's growing like gangbusters and about to go IPO is most CEO's dream come true.