Investor suit against former Uber CEO moved to arbitration

Dara Khosrowshahi is in at Uber.    
   Scott Olson  Getty

The appointment of Khosrowshahi, who described himself as "a fighter", comes as Uber is trying to recover from a series of crises that culminated in the ouster of its former CEO Travis Kalanick in June.

Dara Khosrowshahi, the chief executive hired to restore confidence in the troubled taxi hailing company Uber, could not be more different to the man he replaces.

Between getting caught on video berating a driver, his deputy obtaining a rape victim's medical...

Interestingly, it was just this Sunday that Immelt had made it amply clear that he is not in the race anymore.

"We're really fortunate to gain a leader with Dara's experience, talent and vision", the letter to employees reads.

Khosrowshahi has consistently scored well at website Glass Door, where executives and companies are anonymously rated by employees past and present, suggesting he might able to parent workers without alienating them. Whitman recently stepped off the board of directors of HP Inc which fuelled rumours that she might make the move to Uber. His background also includes a stint with IAC, a conglomerate that oversees websites and apps like Tinder.

India's "Guru of Bling" gets 20-year jail sentence for rape
Thousands of his supporters are believed to be inside the compound although many left following a tense stand-off with soldiers. Modi said Sunday it was "natural to be worried" as the violence even briefly reached the capital New Delhi .

The battle over Uber - the world's most valuable privately held company, at $68.5 billion - is being closely watched in Silicon Valley and beyond.

Benchmark, the motion said, has "benefited spectacularly" from its involvement in Uber, with its stake ballooning to $8.4 billion from $27 million under Mr. Kalanick's leadership. Throughout the year, Uber has hobbled along from scandal to scandal, mostly from self-inflicted wounds. The Department of Justice is separately pursuing a criminal investigation into Uber's use of a software tool known as "Greyball", which employees allegedly used to evade law-enforcement officials. Waymo accuses Uber of using stolen trade secrets to bolster its own autonomous vehicle ambitions.

Kalanick remains a member of the board and is a significant shareholder in Uber, which has raised concerns among investors that he will continue to control decisions after resigning.

With Khosrowshahi, Uber gains a strong voice against policies set out by USA president Donald Trump.

Khosrowshahi, 48, is an Iranian immigrant who came to the United States with his parents in 1978 during the Iranian Revolution. The inquiry was reported earlier Tuesday by the Wall Street Journal.

"He's adult enough to face the cultural issues at Uber, and he's not stodgy or from a legacy technology company", said Henry Harteveldt, a travel industry analyst at Atmosphere Research who has followed Khosrowshahi's career at Expedia.

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