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Uber's chief operating officer and chief marketing officer are stepping down

By CNBC

Uber's chief operating officer and chief marketing officer are stepping down, the company said FridayRead full story

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  • Mark Douglas
    Mark DouglasproPresident & CEO at SteelHouse

    Absolute great move. You can’t run a company from a distance. You have to get your hands dirty to incorporate information from the team members who are closest to the customer.

  • Eric Artisan
    Eric ArtisanManaging Director at Artisan Venture

    Never a good time, sure. But also never a good sign. I’m not buying that this is happening now because the CEO has more time to focus on the day-to-day post IPO. I’m sure he wants his own people to help him run the day to day. Uber has a lot of potential and its time to capitalize on that.

  • This is a big red flag, and a sign of worst things to come. What's shocking is it's happening way too soon. Sad to say, this is more common across corporations than people know.

    So when a CEO is taking on the role of COO & CMO, in order to do their jobs better. Who is doing the job of the CEO?

    A CEO is not a GM, or Dir., or President, or Chairman, or even a Managing Partner. He is an Executive, with preassigned duties, and typically answers to many of the above mentioned.

    The fact that he believes

    This is a big red flag, and a sign of worst things to come. What's shocking is it's happening way too soon. Sad to say, this is more common across corporations than people know.

    So when a CEO is taking on the role of COO & CMO, in order to do their jobs better. Who is doing the job of the CEO?

    A CEO is not a GM, or Dir., or President, or Chairman, or even a Managing Partner. He is an Executive, with preassigned duties, and typically answers to many of the above mentioned.

    The fact that he believes he has more time now to focus his attention on these departments is proof that he is not only under qualified to run what is now become a global multinational company (not of his doing, for its selfgrown). Worst he is under performing and under delivering on all levels of it's management cycle.

    One of key factors to launching an IPO is having a reputable C-Level team capable of the task at hand and generating ROI back to the investors that placed their money in their hands.

    This can go sour real fast, real quick, the 1% drop is the first whiplash reaction from the market. And will continue if faith in management is not restored.

    Unless someone puts him in his place and rectifies the situation from above. An emergency share holders meeting should be in call.

    Extra time!!... I want to see his Job Description.

  • Weiyee IN
    Weiyee INChief Strategy Officer

    In which world does the CEO of a billion dollar public company have time? The email (if accurate and real) suggests that his efforts have been focused on the IPO to date? That should give us some indicator of his execution prowess. If he had thrown the COO under the bus for the execution of the IPO at least he would have been just an a**hole not demonstrating to the world how very clueless he is as a manager of both IPOs and investor expectations, much less insulting investors judgement. It will

    In which world does the CEO of a billion dollar public company have time? The email (if accurate and real) suggests that his efforts have been focused on the IPO to date? That should give us some indicator of his execution prowess. If he had thrown the COO under the bus for the execution of the IPO at least he would have been just an a**hole not demonstrating to the world how very clueless he is as a manager of both IPOs and investor expectations, much less insulting investors judgement. It will be interesting to see how they avert a free fall in the stock as the mis steps continue.

  • Victor Anthony
    Victor AnthonyInternet Equity Analyst at Aegis Capital

    Consolidation of power cosigned by the board. One risk is that CEOs who get too much into the weeds of their businesses often compromise thinking on a broader strategic level and miss out on big trends. Not entirely sure if he did this at Expedia but it is notable that Bookings.com’s (formerly Priceline) stock performed significantly better than Expedia, while he was at the helm. Plotting Expedia’s stock price against Bookings.com from the time Dara become CEO of Expedia in August 2005 to August

    Consolidation of power cosigned by the board. One risk is that CEOs who get too much into the weeds of their businesses often compromise thinking on a broader strategic level and miss out on big trends. Not entirely sure if he did this at Expedia but it is notable that Bookings.com’s (formerly Priceline) stock performed significantly better than Expedia, while he was at the helm. Plotting Expedia’s stock price against Bookings.com from the time Dara become CEO of Expedia in August 2005 to August 2017 when he departed for Uber, one will see a divergence that is striking. I have seen a trend to do away with the COO position over the years but the CMO removal is puzzling. Given their image issues, a dedicated C-Level marketing executive is warranted.   

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