The Uber board offered Expedia CEO Dara Khosrowshahi the new role on Sunday. And according to Bloomberg data, they would have had to pay him a lot of money to..
The Uber board offered Expedia CEO Dara Khosrowshahi the new role on Sunday. And according to Bloomberg data, they would have had to pay him a lot of money to woo him.
Khosrowshahi, who has been at the helm of Expedia since 2005, had almost $185 million in unvested stock options when the offer was made Sunday. He probably wouldn’ t forgo that kind of money unless Uber could offer him more.
Executives are usually given a salary, with much of the compensation tied up in stock awards. This is designed to motivate them to grow the company’s value and to stay in the job.
With a $68 billion valuation, Uber can afford a significant compensation package. When Uber bought Otto, it was enough to net founder Anthony Levandowski $250 million.
Since Uber is a private company, it won’ t need to disclose Khosrowshahi’s salary and equity stake.
According to the New York Times, Charter Communications CEO Thomas Rutledge was the highest paid CEO last year, with $98 million awarded for just 2016. CBS’ Les Moonves followed with $68.6 million and Madison Square Garden CEO David O’ Connor took home $54 million.
Khosrowshahi received nearly $95 million in pay in 2015, making him one of the most highly paid leaders in corporate America. The vast majority of that sum came from a package of stock options that the online travel company gave him in March of 2015 and that was expected to vest over several years.
His pay wasn’ t always so rich, however. In 2014, Khosrowshahi’s compensation at Expedia totaled $9.6 million. Last year, he took home $2.4 million in salary and bonus compensation.
