Uber’s ‘moral compass’ under Travis Kalanick was off: CEO Khosrowshahi

Adam Galica | CNBC

Dara Khosrowshahi, CEO of Uber speaking at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018.

Khosrowshahi, formerly CEO at online travel company Expedia, replaced Kalanick as CEO in August.

“In the end, the CEO of the company has to take responsibility. I think a lot of the press coverage is difficult for him. And that’s totally understandable,” Khosrowshahi said. “Travis has been there for me when I’ve needed advice as a board member. It’s a difficult time him. It’s a difficult time for the company. But we have to look past that. … My job is to move the company forward.”

Last week, SoftBank completed its long-awaited investment in Uber, giving Kalanick a $1.4 billion payday. The investment also ushered in rules that limit Kalanick’s influence, which is seen as a victory for Khosrowshahi, who has worked to consolidate power at a private company that was rife with infighting when he arrived. Kalanick’s fortune on paper is estimated at $4.8 billion, according to Forbes’ billionaire list.

“The SoftBank investment also came with certain governance changes that we needed to make as a company, such as getting rid of the high-vote shares — really going to one-share, one-vote for everybody at Uber so everyone has an equal voice,” Khosrowshahi told CNBC Tuesday. “We think those kinds of governance reforms are incredibly important as we drive the company forward to be a public company, hopefully in 2019.”

Earlier Tuesday, Khosrowshahi spoke at a Davos panel discussion, saying Uber is working on delivering better service for users around the world.

Kalanick did not immediately respond to a CNBC request for comment.