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FT News Briefing

McKinsey’s China problem

Feb 29, 2024
10:09
Snipd AI
Uber CEO getting $136mn in stock options, India boosting military capabilities, McKinsey's China controversy drawing ire from US lawmakers
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Podcast summary created with Snipd AI

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.

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