Uber Legal Chief Is Stepping Down as New CEO Sets Agenda -

Uber Legal Chief Is Stepping Down as New CEO Sets Agenda

Credit: skift.com

  • Sep 13 2017 19:00About: 2 months ago
  • 4 views

Bloomberg

Salle Yoo, Uber Technologies Inc.’s chief legal officer, is expected to leave the ride-hailing company, two people familiar with the matter said. New Uber CEO Dara Khosrowshahi seems to be cleaning house. Bloomberg



Skift Take: Before it can focus on becoming profitable, Uber needs to solve its legal problems. Clearly, its current approach hasn't been working and new leadership is necessary.

— Andrew Sheivachman

Dara Khosrowshahi, the new chief executive officer at Uber Technologies Inc., laid out an initial set of plans during a staff meeting Tuesday to get the troubled ride-hailing company back on course. He said his top priority was hiring a chief financial officer who can help the company balance its need to control spending with continued growth, said two people who listened to the presentation.

Khosrowshahi is also seeking a replacement for Uber’s longtime legal head though the topic didn’t come up at the meeting, said the people, who asked not to be identified discussing internal matters. Hours later, Chief Legal Officer Salle Yoo sent an email to employees, saying she would step down after helping Khosrowshahi find her successor.

Yoo has been in charge of Uber’s legal efforts for about five years. Although she was mostly successful in helping the company navigate tricky regulatory quandaries, the San Francisco company now faces a legal nightmare. The issues include federal probes into potential foreign bribes and the use of software to thwart law enforcement stings, as well as lawsuits alleging mistreatment of drivers, mishandling of a rape victim’s medical records in India, trade-secrets theft and illicit efforts to sniff out information from competitors.

The announcement of Yoo’s departure was precipitated by a report Tuesday in technology website The Information, she said in the email obtained by Bloomberg. Yoo suggested she would take time off before going to work on a new venture. “Please know that I am enormously proud of the work that we have accomplished together,” she wrote.

Yoo’s exit wasn’t a surprise to insiders, who have grown concerned as Uber’s legal woes pile up. Joseph Spiegler, the global head of compliance who was tasked with ensuring Uber follows the law, also resigned recently. But Yoo’s position is a particularly vital role Khosrowshahi needs to fill, among many others. Executive turnover has been extensive this year, with the losses of the company’s president, two board members, and the heads of business, engineering, finance, policy, product and self-driving cars.

Khosrowshahi, the former Expedia Inc. CEO who took over Uber last week, told employees Tuesday he’s not convinced the company needs a chief operating officer, said a person who attended the meeting. His predecessor, Travis Kalanick, had said he needed to find someone for that role to provide leadership help. Khosrowshahi, 48, reaffirmed that he wanted the board to bring on an independent chairman.

While financial discipline is a big objective for the new CEO, he said he doesn’t want it to come at the expense of market share. That’s easier said than done. Uber lost $645 million in the second quarter, even as its main U.S. competitor Lyft Inc. managed to add customers. Khosrowshahi said the path to regaining market share would be by improving the company’s reputation.

©2017 Bloomberg L.P.

This article was written by Eric Newcomer from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.



Follow Us on Twitter

Before focus becoming profitable Uber needs solve legal problems. Clearly current approach hasnt been working leadership necessary. -Andrew Sheivachman

Related stories with Uber Legal Chief Is Stepping Down as New CEO Sets Agenda

Jessi Zazu, Singer For Those Darlins, Has Died At 28 -World News
Jessi Zazu, Singer For Those Darlins, Has Died At 28 2 months ago
A forceful voice in the Nashville rock scene, Zazu made her battle against cervical cancer public last December.
Sam Brownback, governor of Kansas, heads for the exit  -World News
Sam Brownback, governor of Kansas, heads for the exit 2 months ago
GOVERNORS of Kansas tend to love their job and rarely leave it early. Kathleen Sebelius, a Democrat, dithered before agreeing to leave the governor’s mansion after Barack Obama asked her to lead the introduction of the Affordable Care Act as Secretary o
THINGS TO DO IN SAN FRANCISCO -World News
THINGS TO DO IN SAN FRANCISCO 2 months ago
Stretched across 7 miles, San Francisco is packed with activities that would please foodies, outdoorsy types and curious wanderers of all ages. Some of the San Francisco attractions include – the Golden Gate Bridge, Alcatraz... The post THINGS TO DO IN
2024 Olympics Officially Headed to Paris, 2028 Los Angeles -World News
2024 Olympics Officially Headed to Paris, 2028 Los Angeles 2 months ago
This is the first time the Olympic committee has named two host cities at the same time.
Strictly Come Dancing 2017: Simon Rimmer takes DRASTIC action after gruelling training -World News
Strictly Come Dancing 2017: Simon Rimmer takes DRASTIC action after gruelling training 2 months ago
STRICTLY COME DANCING contestant Simon Rimmer has revealed the extreme measures he has resorted to after gruelling training sessions.
Strictly Come Dancing 2017 SHAKE-UP: BBC confirm MASSIVE change to leave stars worried  -World News
Strictly Come Dancing 2017 SHAKE-UP: BBC confirm MASSIVE change to leave stars worried 2 months ago
STRICTLY COME DANCING bosses have confirmed they’ll be turning the first live show on its head when the series kicks off later this month.
Unshackled: Best Ways To Break A Car Lease -World News
Unshackled: Best Ways To Break A Car Lease 2 months ago
Leasing a car has its advantages over buying and financing one, but it’s far more difficult and costly to get out of the contract if you no longer want, or can afford, the vehicle.
Peekaboo Beans (TSXV:BEAN) CEO Expects Revenue to Double Next Year -World News
Peekaboo Beans (TSXV:BEAN) CEO Expects Revenue to Double Next Year 2 months ago
In this interview with SmallCapPower, Peekaboo Beans Inc. (TSXV:BEAN) CEO Traci Costa talks about the Peekaboo Beans line of high-quality, ethically manufactured children’s clothing that is made for play. Ms. Costa expects revenue of $4 million in 2017,
Alan Cumming Talks Us Weekly's Stylish New Yorkers Party on 'Live With Kelly and Ryan': Watch! -World News
Alan Cumming Talks Us Weekly's Stylish New Yorkers Party on 'Live With Kelly and Ryan': Watch! 2 months ago
The morning after! Alan Cumming made his way to Live with Kelly and Ryan on Wednesday, September 13, just hours after attending Us Weekly's Stylish New Yorkers Party at the Jane Ballroom at The Jane Hotel in NYC.The Battle of the Sexes actor, 52, was
Heidi Klum Is All Smiles As She Prepares for Halloween 2017 -World News
Heidi Klum Is All Smiles As She Prepares for Halloween 2017 2 months ago
This article originally appeared on www.usmagazine.com: Heidi Klum Is All Smiles As She Prepares for Halloween 2017
Can't keep changing fuel prices on knee-jerk basis: Pradhan -World News
Can't keep changing fuel prices on knee-jerk basis: Pradhan 2 months ago
Petroleum minister Dharmendra Pradhan today said that thegovernment will not ask state-run companies to absorb the price rise in petroland diesel and will stick to market driven pricing system. He added thatshifting to GST regime will be only way to have
Stephanie Davis continues to 'flirt' with Ricky Rayment as fans warn him to 'look after our girl' -World News
Stephanie Davis continues to 'flirt' with Ricky Rayment as fans warn him to 'look after our girl' 2 months ago
The former CBB star and ex-TOWIE star are doing nothing to stop rumours they're together