Monday, August 2


CEO pay, Executive compensation, ride-hailing, Tech Insider, Transportation, Uber

Uber CEO: CEOs are paid too much

Uber CEO Dara Khosrowshahi thinks his fellow C-suiters are overpaid, he told The New York Times. He made around $12 million in 2020 and more than $42 million in 2019, when you include stock bonuses. CEO pay rose sharply in 2020, with several executives raking in paydays in excess of $100 million. See more stories on Insider's business page. Uber's top dog Dara Khosrowshahi thinks his fellow CEOs are overpaid, he said in an interview with The New York Times. "I think if you define fairness by'fair market value,' then CEOs are paid fairly," he said. "I think if you define fairness by how you think society should value people, then ...
ride-hailing, Tech Insider, transport, Transportation, Uber, Uber Drivers

Uber glitch is charging some drivers for rides, rather than paying them. One driver lost $50 on a single journey — so they quit the app.

Uber drivers are being charged, rather than paid, for rides because of a glitch in the app. One driver was charged $2.20 for a 16-minute journey. Another lost $50 on a single ride. Both were later reimbursed but said they quit the app because of the experience. See more stories on Insider's business page. Some Uber drivers have effectively paid to drive their passengers around because a glitch in the app left them out of pocket after completing rides.One driver in Illinois said he lost $2.20 on a 13.5-mile journey. The driver, who spoke to Insider on the condition of anonymity, said he had stopped driving for Uber and ...
Lyft, ride-hailing, San Francisco, Sexual Assault, Tech Insider, Transportation, Uber

Uber and Lyft face up to 1,000 lawsuits claiming drivers sexually assaulted or harassed passengers, sometimes when the passengers were asleep

A California law firm plans to file up to 1,000 sexual assault lawsuits against Uber and Lyft, KPIX reported. Lawyers from Levin Simes Abrams said some cases involve reports of drivers assaulting sleeping women. The firm has called for mandatory surveillance cameras in cars to deter assaults. LoadingSomething is loading. ...