Mike Isaac’s Super Pumped (p.389) reports that the public had learned that Uber’s board wanted Khosrowshahi as its next CEO — before he and the company had agreed on terms. As a result, Khosrowshahi was in a particularly strong position to negotiate high payment.
Isaac reports that if Khosrowshahi was able to take Uber public by the end of 2019 at a valuation of $120 billion, he would be paid more than $100 million. But when Uber went public, its IPO price was $45 per share, and it sank as low as $22 in both 2020 and 2022.