CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing
6 years, 2 months ago

CEO of Uber Dara Khosrowshahi: We will ‘wait to get the facts’ on Khashoggi killing

CNN  

Laguna Beach, California CNN Business — Uber CEO Dara Khosrowshahi says he’s waiting for more information about the killing of journalist Jamal Khashoggi before taking any action over the Saudi government’s significant investment in the startup. Khosrowshahi was one of the first major CEOs to pull out of a high-profile Saudi business conference last month as the international outcry grew over the kingdom’s role in the killing of Khashoggi, a Washington Post columnist and critic of the Saudi government. And we’re anxious to learn more and then we’ll talk to our board and decide the best way forward.” Dara Khosrowshahi addressed Uber's relationship with the Saudi government on Tuesday. Bin Salman has described the killing publicly as “heinous.” Khosrowshahi said Tuesday that when he pulled out of the Saudi business conference in Riyadh last month, he “didn’t know the facts” about what had happened to Khashoggi but thought it was “inappropriate to attend” at the time.

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History of this topic

Ex-Colorado staffer pitched Saudi Arabia to be a $10M NIL pipeline
3 months, 3 weeks ago

Ex-Colorado staffer pitched Saudi Arabia to be a $10M NIL pipeline

New York Times  

A former member of the Colorado football staff took a trip without the team’s knowledge to Saudi Arabia in December in hopes of striking a $10 million deal between the country’s tourism arm and the collective that raises name, image and likeness funds for the university’s athletes. Reilly sent a presentation to his contact in Saudi Arabia that laid out …

Uber CEO Dara Khosrowshahi never wanted to join Uber, almost rejected the job offer
1 year, 11 months ago

Uber CEO Dara Khosrowshahi never wanted to join Uber, almost rejected the job offer

India Today  

Dara Khosrowshahi became the CEO of Uber back in 2017. During the interview, Khosrowshahi said that he never wanted to switch jobs as he was happy working as the CEO of Expedia for more than a decade. Catching up over drinks at a conference, Ek told Khosrowshahi that he suggested his name for the position of Uber CEO. Then when …

Uber to cut costs, slow down hiring, CEO Dara Khosrowshahi tells staff: Report
2 years, 8 months ago

Uber to cut costs, slow down hiring, CEO Dara Khosrowshahi tells staff: Report

Live Mint  

Ride-hailing company Uber Technologies will scale back hiring and reduce expenditure on its marketing and incentive activities, according to reports on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. Khosrowshahi said Uber's change in strategy was a necessary response to the "seismic shift" in investor sentiment, the report said. The ride hailing giant said last week its driver …

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy
3 years, 11 months ago

Saudi Arabia’s ‘Davos of the Desert’ awaits new US policy

Al Jazeera  

Saudi Arabia, the Arab world’s largest economy, is scheduled to hold its annual Future Investment Initiative amid the ongoing coronavirus pandemic and a new US administration said to be reluctant to cede to the kingdom’s strategic imperatives. There has never been a more important time to bring the greatest minds together to harness this opportunity to reimagine our world.” Vision …

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either
4 years, 11 months ago

Column: If the Khashoggi murder didn’t make Saudi money toxic, the Bezos hack won’t either

LA Times  

President Trump with Saudi Crown Prince Mohammed bin Salman at the White House. The technical experts hired by Bezos found enough to conclude “with medium to high confidence that Bezos’ iPhone X was compromised via malware sent from a WhatsApp account used by Saudi Crown Prince Mohamed bin Salman.” The malware prompted the phone to transmit an immense volume of …

Uber chief executive Dara Khosrowshahi laments US trade policy for lackluster IPO
5 years, 7 months ago

Uber chief executive Dara Khosrowshahi laments US trade policy for lackluster IPO

Live Mint  

Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company's initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price. The comments from Khosrowshahi continue the fallout from Uber's IPO, which was the most anticipated U.S. listing since Facebook Inc seven years ago but has struggled since going …

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up
5 years, 8 months ago

Uber CEO Dara Khosrowshahi, management team take IPO roadshow to New York as demand builds up

Firstpost  

Uber is set to price its $10 billion IPO on 9 May, seeking a valuation of up to $90 billion New York: Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant’s investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply. At a lunch …

Uber takes investor roadshow to New York as demand builds up before its IPO
5 years, 8 months ago

Uber takes investor roadshow to New York as demand builds up before its IPO

Firstpost  

Uber’s IPO is being led by Morgan Stanley, Goldman Sachs Group Inc and Bank of America Corp. Uber Technologies Inc CEO Dara Khosrowshahi and his top management team took the ride-hailing giant’s investor roadshow for its initial public offering to New York on Tuesday, as demand for its shares already exceeded supply. At a lunch presentation in the Mandarin Oriental …

Move on from Khashoggi, let’s do business: Saudis to Davos
5 years, 11 months ago

Move on from Khashoggi, let’s do business: Saudis to Davos

Live Mint  

Davos: If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major …

Move on from Jamal Khashoggi, let us do business: Saudis to Davos
5 years, 11 months ago

Move on from Jamal Khashoggi, let us do business: Saudis to Davos

India Today  

If you somehow missed the news about the killing of journalist Jamal Khashoggi by Saudi agents and the global outcry that ensued, you might think Saudi Arabia is the darling of the World Economic Forum in Davos. It has even managed to secure top Western businessmen for a panel debate on 'Next Steps for Saudi Arabia', where French oil major …

Jamal Khashoggi murder: Donald Trump under fire for defending Saudi crown prince; critics call it 'betrayal of American values'
6 years, 1 month ago

Jamal Khashoggi murder: Donald Trump under fire for defending Saudi crown prince; critics call it 'betrayal of American values'

Firstpost  

The murder of Jamal Khashoggi, a one-time insider-turned critic of Crown Prince Mohammed bin Salman and a resident of the US, in the Saudi consulate in Turkey has spurred a wave of international anger against Saudi Arabia Washington: US President Donald Trump has defended his decision not to hold Saudi rulers accountable in the brutal killing of dissident journalist Jamal …

Saudi Arabia faces fight for investment after Khashoggi killing
6 years, 1 month ago

Saudi Arabia faces fight for investment after Khashoggi killing

CNN  

Dubai CNN Business — Saudi Arabia’s young crown prince had a vision for his kingdom: a country with a diversified economy, a booming tourism and entertainment industry and a budding tech hub with some of the world’s biggest names. ‘Maybe he did, maybe he didn’t’ But he also left open the possibility that bin Salman may have been involved, as …

Under Jamal Khashoggi shadow, Saudis put best face on business summit
6 years, 2 months ago

Under Jamal Khashoggi shadow, Saudis put best face on business summit

Live Mint  

Riyadh/Dubai: Global business leaders may have stayed away, but Saudi Arabia’s flagship investment conference started on Tuesday with a crowd. Another changed the topic to talk about the conference’s agenda.thirdMAds A surprise appearance was made by Saudi Arabia’s main foreign antagonist in the Khashoggi affair: Turkish President Recep Tayyip Erdogan, whose speech scorning the kingdom’s version of events was briefly …

Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing
6 years, 2 months ago

Saudi Arabia's investment conference draw deals worth $50 billion despite boycotts over Jamal Khashogi's killing

Firstpost  

A number of Western politicians and global business chiefs stayed away from Saudi Arabia’s premier investment event over the Khashoggi case. Riyadh: Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great - more people more money”. The …

Washington Post publisher calls Saudi announcement on Khashoggi a ‘coverup’
6 years, 2 months ago

Washington Post publisher calls Saudi announcement on Khashoggi a ‘coverup’

CNN  

New York CNN — The Washington Post says Saudi Arabia’s announcement about the death of contributing columnist Jamal Khashoggi is not an explanation at all, but a “coverup.” And the Post is putting even more pressure on President Trump, the US Congress and other countries to hold the Saudis accountable. “President Trump, Congress and leaders of the civilized world should …

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation
6 years, 2 months ago

As business leaders begin to shun Saudi Arabia over Jamal Khashoggi disappearance, big blow to oil-rich country's economic reputation

Firstpost  

The disappearance of Saudi journalist Jamal Khashoggi last seen entering the kingdom’s consulate in Istanbul has shaken businesses’ confidence in the country as a place to do business, with potential consequences for billions of dollars in investments into and out of the country. “Foreign investment is a main pillar of Vision 2030,” said Sebastian Sons, an expert on Saudi Arabia …

Saudis admit Khashoggi is dead. What are Trump’s options?
6 years, 2 months ago

Saudis admit Khashoggi is dead. What are Trump’s options?

CNN  

Washington CNN — Jamal Khashoggi’s murder at the hands of a Saudi Arabian government team means President Donald Trump now faces a question: what to do about it. White House spokeswoman Sarah Sanders said the US “acknowledges the announcement from the Kingdom of Saudi Arabia” and will “closely follow the international investigations into this tragic incident.” The crown prince spoke …

PR and politics: ‘Davos of the Desert’ sees mass cancellations
6 years, 2 months ago

PR and politics: ‘Davos of the Desert’ sees mass cancellations

Al Jazeera  

Hailed as the start of Saudi’s economic reform, the Future Investment Initiative is now tainted by the Khashoggi case. — CNN Communications October 12, 2018 But Luciano Zaccara, research coordinator at Qatar University’s Gulf Studies Center, said it remains to be seen if the cancellations will have any long-term effect and if companies are not just pulling out for public …

‘Davos in the Desert’ faces more cancellations over Khashoggi
6 years, 3 months ago

‘Davos in the Desert’ faces more cancellations over Khashoggi

Al Jazeera  

Executives of US private equity firms and credit card company Mastercard are the latest to withdraw from Saudi forum. The political fallout of the disappearance and possible death of Saudi writer Jamal Khashoggi has continued to reverberate around the world, casting a cloud on a major investment conference aimed at promoting Saudi Crown Prince Mohammed bin Salman‘s plans for the …

JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’
6 years, 3 months ago

JPMorgan CEO and Ford chairman pull out of Saudi Arabia’s ‘Davos in the desert’

CNN  

New York CNN Business — A growing number of top business leaders are pulling out of a high-profile Saudi investment conference following the disappearance of journalist Jamal Khashoggi. A JPMorgan Chase spokesperson said late Sunday that the bank’s CEO, Jamie Dimon, won’t attend the conference later this month as previously planned. The Saudi business conference, officially titled the Future Investment …

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.
6 years, 3 months ago

Saudi Arabia’s money was a boon to Silicon Valley. Now it’s a headache.

CNN  

CNN Business — For years, Saudi Arabia has been one of the unofficial banks for the tech industry. Uber received a staggering $3.5 billion in funding from Saudi Arabia’s Public Investment Fund in 2016 and added the Public Investment Fund’s managing director to its board, where he still serves today. The statements highlight the new challenge much of the tech …

Uber CEO Dara Khosrowshahi pulls out of Saudi conference after Jamal Khashoggi’s disappearance
6 years, 3 months ago

Uber CEO Dara Khosrowshahi pulls out of Saudi conference after Jamal Khashoggi’s disappearance

CNN  

Hong Kong CNN Business — Uber CEO Dara Khosrowshahi has become the latest top business leader to distance himself from the Saudi government as it faces mounting questions over its role in the disappearance of journalist Jamal Khashoggi. “What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change the ability of …

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