{"id":201096,"date":"2021-03-13T02:52:00","date_gmt":"2021-03-12T23:52:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uber-ceo-other-execs-saw-pay-cuts-in-2020-but-still-raked-in-millions\/"},"modified":"2021-03-13T02:52:00","modified_gmt":"2021-03-12T23:52:00","slug":"uber-ceo-other-execs-saw-pay-cuts-in-2020-but-still-raked-in-millions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uber-ceo-other-execs-saw-pay-cuts-in-2020-but-still-raked-in-millions\/","title":{"rendered":"#\n  Uber CEO, other execs saw pay cuts in 2020 but still raked in millions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40c4860ab9f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40c4860ab9f\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uber-ceo-other-execs-saw-pay-cuts-in-2020-but-still-raked-in-millions\/#Levi_Sumagaysay\" >Levi Sumagaysay<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Uber CEO, other execs saw pay cuts in 2020 but still raked in millions<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\">\n<\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000198301\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       As the coronavirus pandemic ravaged the ride-hailing industry, Uber Technologies Inc. executives took reduced salaries but still reaped millions in bonuses in 2020.<\/p>\n<p> Uber<br \/>\n        UBER,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211348248\/composite\" class=\"positive\">+2.37%<\/bg-quote><br \/>\n       Chief Executive Dara Khosrowshahi\u2019s compensation last year was $12.2 million, a 71% decrease from the previous year, according to the company proxy released Friday. The CEO-to-employee pay ratio, disclosed as required by law, was 123 to 1, with the annual <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>n pay for Uber employees working out to $99,382. <\/p>\n<div class=\"paywall\">\n       That ratio does not take into account the millions of drivers or others the company does not consider employees. Uber drivers, like other gig workers in the U.S., relied on emergency government assistance like pandemic unemployment insurance when they saw a drastic drop in demand for their services last year as the pandemic hindered <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> and overall mobility. (Under Proposition 22, which California voters <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved in November, the state\u2019s gig workers are not considered employees, so they do not qualify for state unemployment insurance.) <\/p>\n<p>In 2019, Khosrowshahi\u2019s total compensation was $42.4 million. But in May of last year, as the company laid off more than 6,000 employees, or 25% of its workforce, and closed or consolidated dozens of offices, he agreed to waive his base salary for the rest of the year. His base salary, which was supposed to be $1 million, totaled $336,598. The rest of his compensation was from $9.5 million in stock awards, a $1.56 million bonus and other costs, including security. <\/p>\n<p>The CEO, who is a high-profile target of protesting drivers and other workers, was provided with security staff, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> equipment and services at his home that were meant to duplicate the security he would\u2019ve been provided at the company\u2019s headquarters, according to the proxy. The \u201cother\u201d compensation that included security for him totaled $848,707.<\/p>\n<p>Chief Financial Officer Nelson Chai\u2019s total 2020 compensation was $11.64 million, while that of Jill Hazelbaker, senior vice president of marketing and public affairs, was $12.61 million. Tony West, chief legal officer, took home $12.3 million, while Nikki Krishnamurthy, chief people officer, had $5.18 million in compensation. The compensation for former Chief Technology Officer Thuan Pham, who left the company last May, was $5.49 million.  <\/p>\n<p>The San Francisco company\u2019s executives bonuses were smaller than in 2019, but Uber\u2019s board determined that the executives were \u201ccalled upon to provide strong and unwavering leadership throughout the COVID-19 crisis\u201d and assessed cash bonuses at a 78% level of achievement of performance targets. Because of that, Khosrowshahi\u2019s target incentive of $2 million was reduced to $1.56 million. Reduced bonuses for Chai, Hazelbaker, West and Krishnamurthy \u2014 whose other bonuses were paid in stock \u2014 were $624,000, $487,500, $624,000 and $429,000, respectively. <\/p>\n<p>According to the proxy, Uber will hold its 2021 shareholder meeting May 10.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Levi Sumagaysay\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Levi_Sumagaysay\"><\/span>Levi Sumagaysay<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3069DE4A722%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Uber CEO, other execs saw pay cuts in 2020 but still raked in millions &#8221; As the coronavirus pandemic ravaged the ride-hailing industry, Uber Technologies Inc. executives took reduced salaries but still reaped millions in bonuses in 2020. Uber UBER, +2.37% Chief Executive Dara Khosrowshahi\u2019s compensation last year was $12.2 million, a 71% decrease&#8230;<\/p>\n","protected":false},"author":1,"featured_media":201097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-201096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/201096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=201096"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/201096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/201097"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=201096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=201096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=201096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}