Uber CEO getting $136mn in stock options, India boosting military capabilities, McKinsey's China controversy drawing ire from US lawmakers
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Quick takeaways
McKinsey's advisory role in China contributed to US tensions.
Adani's partnership with Elbit signals India's defense industry progress.
Deep dives
Uber CEO's Generous Stock Options Reward for High Valuation
Uber's CEO, Dara Khaoz Rishahi, received $136 million in stock options as a reward for the company hitting a $120 billion valuation. Initially, Uber struggled with significant losses after its IPO, but Khaoz Rishahi managed to boost the share price by around 150% through cost-cutting and new revenue sources. This move aligns Khaoz Rishahi's compensation with top tech CEOs like Amazon's Andy Jassy and Alphabet's Sundar Pichai.
Adani-Elbit Partnership Marks India's Defense Industry Progress
Adani's partnership with Israeli military producer Elbit in creating India's first military surveillance drone showcases progress in India's defense industry. Over the years, India has heavily relied on arms imports and faced challenges in developing an indigenous arms industry. Prime Minister Narendra Modi's push for private sector involvement in defense has started bearing fruit and aims to enhance the country's military production capabilities by attracting foreign and domestic investments.
Uber chief executive Dara Khosrowshahi has received about $136mn in stock options after hitting a performance target, and Adani is working to push India’s military capabilities. Plus, the FT’s Stephen Foley explains why McKinsey is drawing ire from US lawmakers.