The CEO and at least four other execs received equity awards that will not vest until Uber reaches that threshold, Uber said on Thursday
New York — Uber’s top bosses have a lot riding on the company reaching a $120bn market value.
Khosrowshahi, for example, held stock options worth about $184m when he left Expedia in 2017 to take over the ride-hailing firm, some of which he had to forfeit. Companies commonly grant new awards to externally hired executives to make them whole, on top of their regular compensation packages. In pitches in 2018 to win an underwriting spot on Uber’s initial public offering, bankers for both Morgan Stanley and Goldman Sachs said that the business could be valued at about $120bn, people familiar with the matter said at the time. Uber is currently aiming for a valuation of as much as $100bn, the Wall Street Journal reported Wednesday, after its smaller rival, Lyft, fell 15% since it went public last month.
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