CEO Earns $43.5 M, as Uber Values 'Ideas Over Hierarchy,' Says IPO Filing

filing. Leadership under Khosrowshahi “has sought to reform our culture fundamentally,” said the company. It’s “creating and embracing new cultural norms, committing to diversity and inclusion, and rebuilding our relationships with employees, Drivers, consumers, cities, and regulators,” it said. The new Uber values “ideas over hierarchy.” Uber’s “category position” declined in “recent periods,” such as in 2017 when the company “was significantly impacted by adverse publicity events,” it said. Uber was rocked that year by sexual-harassment scandal and PR nightmares, including when former CEO Travis Kalanick was caught on camera yelling profanities at his own Uber driver, who had complained to his boss that Uber’s discount-pricing policies drove him into bankruptcy. An Advanced Technologies Group (ATG) within Uber is developing autonomous vehicles, delivery drones and “vertical takeoff Group and landing vehicles,” along with “other future innovations,” said the IPO document. Uber foresees “a long period of hybrid autonomy, in which autonomous vehicles will be deployed gradually against specific use cases while Drivers continue to serve most consumer demand,” said the filing. “Deciding which trip receives a vehicle driven by a Driver and which receives an autonomous vehicle, and deploying both in real time while maintaining liquidity in all situations, is a dynamic that we believe is imperative for the success of an autonomous vehicle future.”