Dara Khosrowshahi has a huge potential payout riding on Uber’s post-IPO valuation hitting $120 billion and staying there for 90 consecutive days.
He’d also get that payout for selling the company for $120 billion.
A source tells us his incentive is worth $100 million or more.
Dara Khosrowshahi could have gotten a huge payday — totaling more than $100 million, according to a source — if Uber’s IPO valuation hit $120 billion after its IPO and stayed at that level for 90 consecutive days.
Even though Uber’s stock price is currently trading below its IPO price and the company is nowhere close to hitting that lofty figure — the market cap is currently at about $70 billion — he still has a chance to get an enormous grant of stock if he hits the 90-day, $120 billion valuation over the next several years, according to a disclosure in Uber’s S-1 documents.
The Uber CEO will also get the payout for selling the company for $120 billion, the disclosure says.
Read: Here’s who’s getting rich on Uber’s massive IPO
Although it had been much reported that Khosrowshahi was seeking the $120 billion valuation, Uber pretty much publicly confirmed the figure in the …read more
Source:: Businessinsider – Finance