The CEO will be granted 1.75 million in stock options that he can buy for $33.65 a share that vest over four years, should the company's market capitalization reach $120 billion for 90 consecutive days, the company said. Plus the CEO will be instantly awarded 185,735 shares that are otherwise earmarked to be doled out over time as part of his performance-dependent shares.
This is backed up by our own back-of-the-envelope math based on when Softbank bought its 16% stake in Uber at about $33 a share. That share price valued the company at $48 billion. So if Uber can more than double that valuation, and the stock price doubles, those 1.75 shares would be worth over $117 million.
Then again he gave up over $180 million of stock options when he left Expedia to take the Uber job, Primack notes.
ReggieVaitz $100m they should give him a Nobel Prize because he would have pulled of the coup/con of the century!
Is there a more slimy snake than Dara
There’s a lot Uber has the real estate for in order to reach it’s desired $90 billion threshold..
heidijukes Invest in uber? You decide...🧐
Hahaha!!! Uber is worth nothing. They can pay him, but they can’t pay for reliable security on their apps and they can’t afford to refund when there are security breaches on those apps. If I had a penny for every complaint I’ve read online...
That's sick.
Carlosp91661 “The question is: how does Khosrowshahi convince investors that Uber is worth $120 billion today?” Answer: Lie
🙄⛈
techinsider Now there’s motive to “do whatever it takes”. ethics