Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
February 12, 2021: On Wednesday, Uber stock fell above 3% after the bell as the company delivers mixed fourth-quarter results of its earnings, as its ride-hailing business recovers slowly and its delivery business booms.
The company is still losing about $1 billion a quarter on a GAAP basis.
Overall, it lost $968 million on a GAAP basis during the quarter, an improvement from a year ago when losses amounted to $1.1 billion.
In the whole of 2020, Uber’s net loss is about $6.77 billion, which is around a 20% improvement from a staggering $8.51 billion loss in the year 2019.
While delivery is still far away in bookings, in terms of revenue, Uber’s core ride-hailing business has surpassed delivery slightly for the first time since the Covid-19 pandemic started.
On Wednesday, CEO Dara Khosrowshahi said on earnings call that Uber sees “many opportunities” in the mobility segment as different regions recover from the pandemic.
Last year in August, Uber acquired a marketplace tech company, Autocab, that connects riders with local taxi operators. Khosrowshahi suggested as travel and commuting begin to increase, taxis will be in demand, and it can benefit.
At the beginning of this month, the company shared the plans to acquire alcohol delivery app Drizly which was on demand, which the company plans to integrate into Uber Eats, its food-delivery service. The deal was valued at $1.1 billion in stock and cash combined, uber said in a statement.
On Wednesday, the company said that restaurants on Uber Eat exceeded 600,000 in the fourth quarter, with Union Square Hospitality Group establishments, Chipotle locations in the U.K., Wings Etc.
CEO of Uber, Dara Khosrowshahi, talked up the company’s membership and advertising businesses in the last quarter. She said in select U.S. cities, and Uber saw glimmers of recovery from the pandemic.
Uber Pass and Uber Eats Pass had at that time racked up more than 1 million paying members. The company now has more than 5 million members, according to the company’s fourth-quarter note to investors.
On Wednesday, Khosrowshahi said that as it gets a higher percentage of customers who pay for memberships over time, he expects the market cost to decrease.
The company is still early in the development of Eats Pass and will focus on “improving restaurant selection” to win new customers and members, he noted.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
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At seventeen, Professor Richard Rose stepped into a world few adults dare to navigate: the world of children fractured by trauma. He wasn’t a clinician then, nor a scholar. He was simply a young man with a heart tuned to the quiet ache of others.
Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.
Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.
Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.
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