Uber offers Expedia CEO Dara Khosrowshahi to become its new leader
Main page News, Bitcoin, uber, Expedia

Expedia's (NASDAQ: EXPE) CEO Dara Khosrowshahi has been chosen by the Uber Technologies Inc.’s board of directors to run the tech startup after Travis Kalanick resigned in late June, The Wall Street Journal reports.

Under Khosrowshahi’s lead, Expedia started accepting Bitcoin (Bitcoin). He is also a personal investor in Bitcoin startup 21 Inc.

Khosrowshahi, an Iranian-American, 48, has been CEO of Expedia for 12 years and is broadly credited with positioning the company as a leading player in its field, under his leadership the company extended its global presence to more than 60 countries.

Shares of online travel company Expedia Inc. EXPE, -3.83% tumbled 4.5% in early trade Monday.

If Khosrowshahi decides to take the offer of the $68 mil worth tech star-up he will have an incredibly tough job steering the ride-hailing company back to stability, after months of scandal with allegations of sexism and sexual harassment, depleted executive ranks and a lawsuit by Google parent Alphabet Inc.

Before Uber officially announces Mr. Khosrowshahi as CEO, he will still have to negotiate his contract.

In 2015, Mr. Khosrowshahi was one of the most highly compensated chief executives in the S&P 500, receiving a pay package valued as much as $94.6 million in mostly long-term stock options designed to get him to stay for several years.

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