“Big Uber Shareholders Rebel on CEO’s Huge Pay Package Amid… Layoffs”
May 14, 2020
“At Uber’s 2020 shareholders meeting on Monday, a group representing large Uber shareholders took issue with how much the ride-sharing giant is paying its CEO Dara Khosrowshahi while the company slashes thousands of jobs and its contractor drivers struggle to make ends meet…
Last week, ahead of releasing its first-quarter earnings, Uber announced a plan to lay off 3,700 full-time employees, or 14 percent of its workforce, as ride-sharing orders plummeted during the coronavirus quarantine. In a move to show his commitment to the company-wide cost reduction, Khosrowshahi said he would waive his salary for the rest of 2020…”