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Uber CEO’s Pay Faces Investor Backlash at First Post-IPO Meeting (1)

April 29, 2020, 3:59 PM; Updated: April 29, 2020, 6:49 PM

Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is facing pushback over his $42.4 million pay package at the ride-hailing firm’s first annual meeting as a public company, with two top advisers coming out in opposition.

Investor advisory firm Institutional Shareholder Services Inc. urged shareholders to vote against Khosrowshahi’s 2019 pay package in a report published late Tuesday. ISS raised concerns over Khosrowshahi’s award for signing on as CEO, his travel allowance, and executive bonuses.

Adviser Glass, Lewis & Co. also recommended voting against pay packages for Uber’s CEO and other top executives, calling them “quite generous and potentially excessive” ...

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