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COMING UP:Share Opener Variant 1

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Transcript

00:00:00
>> In his 12 years as Expedia's chief executive, Dara Khosrowshahi delivered growth and profits, precisely what Uber needs from it's new CEO. But at the ride sharing service, he will also face an embattled boardroom, locked in a legal fight with his disgruntled predecessor Travis Kalanick, who's still capable of pulling strings as one of the board's members.
00:00:24
Sticky situations for a new CEO to step into, but ones for which Khosrowshahi may actually be well suited, says Reuters Breakingviews columnist Rob Cyran.>> First off, he's actually good with dealing with people, especially prickly people. He used to work with Expedia and Barry Diller, who's kind of a notorious person sitting in the background controlling things at his company.
00:00:44
And he managed to deal with that for several years comfortably.>> Khosrowshahi's people skills also presumably a plus in helping to bulk up Uber's staff after its notoriously aggressive office culture and sexual harassment scandals were among the motivators that sent several employees to the exits.>> Uber's desperate for people.
00:01:05
They're lacking a CFO, COO, lots of other people. And it'll help too that he worked as a CFO and banker. Uber can do more deals with him at the helm. Khosrowshahi having steered Expedia through a buying spree that included rivals Orbitz and Travelocity, as well as vacation rental site HomeAway.
00:01:23
And turning the company into more of a middle man, by establishing strong ties with hotels, prompting more of them to sign onto the platform. Something that would also serve Khosrowshahi well at Uber as the company looks to secure its often rocky relationships with drivers. Expedia's investors clearly bemoaning his departure, the company's shares suffering their biggest intraday percentage last Monday in more than a year.