Dara Khosrowshahi named new Chief Executive Officer (C.E.O) of Uber

With Uber facing a real mash up between brand image, finances and ethics, its former CEO Travis Kalanick stepped down following differences in his style of management as well as bungling ethics and management policies. Dara Khosrowshahi, 48, has joined Uber as it’s new Chief Executive Officer, and is the sole force driving Expedia from ground zero to the Galaxy.

Khosrowshahi has been CEO of Expedia for 12 years, which is based in Bellevue, Washington & Khosrowshahi himself has spent his tech career as part of the Seattle’s technology arena instead of that of the famed Silicon Valley. Since both regions are powerhouses in the tech industry, there’s also an obvious rivalry existing between them.

But first of all, let’s all see who Dara Khosrowshahi is and where he comes from? =)

Dara Khosrowshahi as a young boy

Dara Khosrowshahi was born on May 28, 1969, in Tehran, Iran to a prominent family that established the Alborz Investment Company, a diversified conglomerate dealing in pharmaceuticals, food, distribution, trading, packaging and services. Iranian Canadian billionaire Hassan Khosrowshahi is his relative. Dara’s family emigrated to the United States in 1978, prior to the Islamic Revolution of Iran which saw most of his family’s assets get illegally seized by the new Iranian government. He eventually settled with his family in Tarrytown, New York and graduated from the Hackley School at the age of 18 with a high school diploma. In 1991, he graduated with a B.A in electrical engineering from Brown University.

Dara Khosrowshahi recalls how he and his family had to emigrate: “Our family escaped Iran on the eve of the Iranian Revolution in 1978, when I was 9. We moved in with my uncle in Tarrytown. For the grown-ups, it was a difficult transition. The kids were able to party together, so it was fun.”

He also recalled about his father going back to Iran to care for his grandfather and returning back after a long time: “My father had to go back to Iran to take care of his father when I was 13 and was detained for six years before returning. My mom was raising three kids without a dad.”

Dara Khosrowshahi on extreme right, visiting London with his cousins in 1973

Dara Khosrowshahi began working as an Analyst at Allen & Company, an Investment bank and he left that in 1998 to work for one of his former clients Barry Diller, first at USA Networks and then at IAC as it’s Chief Financial Officer. It was in 2001 that IAC Travel acquired Expedia & in August 2005, Khosrowshahi was promoted as the CEO of Expedia. It was during his tenure that Expedia grew and expanded presence in more than 60 countries around the globe, Hotels.com, Hotwire online booking brands, and the travel community sites of TripAdvisor Media Network. In 2015, Expedia awarded him USD$ 90 million in stock options as a part of a long term employment agreement, where he stated that he would stay until 2020. Dara Khosrowshahi has had quite an impressive and respectable tenure at Expedia, growing revenues from USD$ 2.1 billion in 2005 to USD$ 8.7 billion in 2016, turning Expedia in one of the biggest online travel agencies in the U.S.A and owning sites like hotels.com, Orbitz, Trivago, HomeAway, Travelocity as well as other sites for vacation rentals, car rentals as well as other travel & vacation related sites as well.

The Economist revealed that during Khosrowshahi’s tenure, the gross value of Expedia’s hotel and travel booking related services multiplied more than 5 times and the pre tax earnings multiplied as well. In 2016, He was one of the highest paid CEO’s in the U.S.A, and is a board member from BET.com, Hotels.com, New York Times Company, Arthur Sulzberger Jr. and other companies as well. He has been praised by the New York Times company for his competitive tech based mindset and for his comprehensive digital & international experience coupled with his financial expertise. He has also been an outspoken critic of President Donald Trump’s anti immigrant policies and rhetoric.

Dara Khosrowshahi & his wife, Sydney Shapiro-Khosrowshahi in Las Vegas

He married Sydney Shapiro in 2012, in Las Vegas and is father to four children with her. In his words: “My wife and I got married on 12/12/12 in Las Vegas, and she was wearing a Slayer T-shirt. That tells you what kind of woman I’m lucky enough to be with. We have four kids.”

In June 2013, Ernst & Young recognized Dara Khosrowshahi as a Pacific Northwest Entrepreneur of the Year award recipient. He is among the U.S State Department’s List of Prominent Iranian Americans.

Dressed as Superhero Flash at an Expedia party, in 2014

Given the controversies, unethical practices and problems Uber is currently mired in, We are hopeful that Dara Khosrowshahi will turn the company around =)

All the best Dara!

 

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The future of Sydney: Rising societal & economic turmoil in Australia

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The Sydney Opera House & the Sydney Harbor Bridge at Dusk

Times are hard! and I do mean hard!

With reports of a recession looming around, with manufacturing nearing ground zero, tons of immigrants coming in and household debt per household rising sharply, the future of Australia and the future of Sydney in particular is at risk!

Despite the fact that the economy of New South Wales makes 33% of Australia’s GDP, having a population of approximately 7.7 million people, a large and growing domestic market and a highly developed & mature infrastructure, the Australian dollar has almost no value. In short, take it this way: You can get a sizeable McDonald’s meal in the U.S.A for almost USD$ 5 but in Australia, AUD$5 gives you a much smaller meal =(. Secondly, the value of commodity exports from Australia don’t mean much because not only have worldwide commodity prices plummeted to ground zero and basement levels but also, the financial value of commodities does NOT touch that of manufactured goods. SInce Australians have to import everything! virtually everything! high import taxes mess up the Australian wallet =(.

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The Sydney Opera House and Central Business District at night

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Night time view of Sydney’s street

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Bronte Beach in Sydney

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George Street, Sydney

New Year celebrations at Sydney Harbor

 

How far will services exports help sustain the Australian economy? Practically speaking, Manufacturing needs to return back to Australia!
South Australia once proudly boasted the assembly and production lines of Holden (which has now been sold to PSA Peugot-Citroen of France). During the 2008 Global Financial Crisis, thousands of industrial workers in Adelaide got laid off, with half of them training to become healthcare and sanitation workers while others got absorbed in the booming mining sector. From 2009 til 2011, the Australian Dollar was the world’s most expensive dollar, followed by the US Dollar. However, onward from 2012, the Australian Dollar plunged in value, thereby shooting the Australian inflation upwards.

What’s worse is that the Australian manufacturing sector dwindled due to the pro commodity prices of Kevin Rudd and Malcolm Turnbull governments. Tony Abbott has become even worse, winking at a pensioner who had to work as a phone sex worker to make her ends meet! =( I mean, is this the end of Australia as we know it? Asians are collective but given their ‘Anti White’ sentiments and the criminal attitude of the Arab Australians (Lebanese in particular) and Auburn becoming practically a slum, the future of Sydney now lies hanging by a thread. And if this isn’t resolved any sooner then ‘Bye Bye Australia’ is coming.

Tony Abbott’s sister is lesbian, yet he is homophobic. He treats asylum seekers as 5th grade citizens, called Canada ‘Canadia’ and does not believe in climate change. And yet, he has destroyed Australia’s manufacturing sector!

THe entertainment industry is in shambles. Netflix isn’t available in Australia, Good TV shows only air on paid TV (not present in most Australian households) whereas it is aired late on free-to-air TV months after it is aired in the U.S.A. Even if many foreign brands are present, prices for their products are still exorbitant!

Chris Hemsworth, Liam Hemsworth, Phoebe Tonkin, Claire Holt, Jai Courtney and Maia Mitchell have all relocated to the U.S.A. Question is, for how long will Sydney and Australia rely on New Zealanders and Eurasians from Asia?

Sexual assaults are on the rise in campuses of many Australian universities, Sydney in particular. And every one out of five students, mostly female, have endured sexual assaults and abuse on University campuses in Australia, and the Universities themselves cover the incidents up! You don’t believe me?! read the following news article!

Nassem Raad has shown no remorse for destroying dozens of graves at Rookwood cemetery. He has avoided jail and it is evident that Australia’s justice and judiciary are flawed!

How the hell did Nassem Raad, a deranged welfare dependent Arab Australian escape punishment and showed no remorse for destroying children’s graves in a Sydney cemetery? How dare that Arabian son of a bi**h!!!! How dare A**holes like him are allowed to live in Australia, be dependent on social security and are given citizenship of Australia as well!!!! Well, F**k it!! F**k Australia!!! I’d rather move to the U.S.A!!

 

Read the following!!:

http://www.news.com.au/national/nassem-raad-who-vandalised-kids-graves-in-rookwood-cemetary-sydney-avoids-jail/news-story/ba0e0475fa9d12d576113599fa973d54

 

Nassem Raad avoids jail despite showing no remorse over vandalising 70 graves. Picture: Seven News

The Arab Muslim f*** Nassem Raad has avoided jail, ordered to pay just AUD$ 63,450 in damages and denies his acts!! Fucking disgraceful!!

We have had it with the liberal hippies sitting in Canberra!! We Australians have had it!! Our own women are being raped, molested & sexually assaulted on University campuses!! We are continuously wasting our money on gambling!! We have no manufacturing, no decent jobs, no housing and our stupid government keeps on accepting refugees & immigrants who refuse to integrate!!!! Arab Australians are becoming terrorists by following Al Qaeda and ISIS!!!! Lebanese Australians rioted in 2005, and in the year 2000, Lebanese Australians raped innocent White Australian women!! what kind of fucking misogyny is that?! What the fuck is going on in Sydney?!!

Seriously!! Australians!! Stand up and give a fuck for all this!! Stand up and stop this from happening!! #SaveSydney and #SaveAustralia, else its too late!!

My view on Renault-Nissan and Dongfeng partnering to build electric cars for China (Via TechCrunch)

I’ve never liked China that much, regardless of situation.

Written by Darrell Etherington:

Another major automaker is setting up a dedicated joint venture to build EVs for the growing demand in China, joining Ford and Volkswagen: This time, it’s Nissan-Renault, which will work with China’s Dongfeng Motor, an automaker it partnered with last year to open its first factory in China.

Automakers from outside China basically need a local dancing partner in order to make and sell vehicles in the country, without incurring huge import taxes that would basically render their operations unsustainable. Previously, automakers were limited to setting up two joint ventures with Chinese partners to produce cars in-country, but Beijing has allowed the creation of a third joint venture – provided it’s dedicated entirely to EVs.

Renault-Nissan’s new partnership with Dongfeng is called eGT New Energy Automotive Company, and it’ll be split between Nissan with 25 percent ownership, Renault with another 25, and Dongfeng with the remaining 50, according to Reuters. The first vehicle from the JV will be a new electric vehicle based on one of Renault-Nissan’s subcompact crossover SUV platform designs.

Automakers are racing to build out their EV construction and sales capacity in China thanks to strong incentives put in place by the Chinese government for the market. China is also enforcing strict quotas on overall vehicle sales, requiring that a full 8 percent of any automaker sales in the country be either pure electric or plug-in hybrid by 2018, with incremental increases in that percentage every year after that.

This could end up helping with electrification abroad, too, since it’ll help automakers reconfigure their operations to focus on developing EV tech and electric-specific vehicle designs.

My View:

Electric specific sounds futuristic, but let us reflect on the old days, especially the days of our schooling when we were told about CFC’s and their deadly effects on the Ozone layer as well as the carbon footprints from fossil fuels. Carbon footprints will be everywhere, whether we drive a car with fossil fuel, whether we use an LED TV or whether we drive a hybrid Toyota Prius.

Carbon footprints from fossil fuels contain carbon that is beneficial for the earth’s atmosphere and for the ozone layer as well. Carbon footprints from modern devices produce carbon that is not beneficial at all, and in fact can harm the atmosphere in serious ways. Of course, the world is advancing but these advances will render humans unemployed, hungry, desperate and destitute. Should we advance in technology? Let’s keep the new machines as simply drawing board concepts!

People’s Republic of China however, is in need of electric vehicles, given the fact that the level of pollution in the country is way out of bounds and way beyond normal levels. Another problem is that, the Chinese have recently discovered their new found wealth and that will cause a lot of problems. From ugly women rebranding their looks to women remaining single and independent, the mindset of the Chinese is clearly cloudy, murky and damaged. With the Communist Party of China remaining holed up in power, it is likely that China will turn into the world’s largest dump.

Via TechCrunch: Food startup Deliveroo raises $275M as Uber eats into its European market

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Deliveroo, a popular on-demand restaurant food delivery startup in Europe, has raised another $275 million in funding, a Series E investment that we have heard from sources values the company at around $1 billion. This latest round is led by new investor, Bridgepoint, previous investors DST Global and General Catalyst, and also had participation from existing investor Greenoaks Capital.

Deliveroo says the investment will go into growing its service in both new and existing markets, where it’s now live in 84 cities. It’s also going to keep investing in its new initiatives. These include a new B2B remote kitchen service, RooBox, which gives restaurants access to delivery-only kitchens in key locations. Other new services have included an expansion into alcohol delivery.

Deliveroo, who is not confirming its valuation, has now raised $475 million to date.

This latest funding comes at a time when the startup is facing a lot of heat from others who are also targeting the higher, foodie end of the prepared food market (typical Deliveroo restaurants include artisanal pizza and burger joints, trendy Middle Eastern delis, and hipster donut bakeries).

Rivals include Uber, which has stormed into Europe with Uber Eats; as well as others like Delivery Hero and Just Eat, and now, it seems, Amazon too (whose own food delivery project in Europe is currently codenamed “Hot Wheels”).

The intense competition in the market has led to a distinctly sink-or-swim climate, with other hopefuls like Take It Easy closing down last week after failing to raise money.

Sky News reported news of Deliveroo’s round earlier today, and we have confirmed the details with Deliveroo directly.

“After seeing strong growth in the markets we launched in November, our new focus is to drive further innovation in food delivery,” founder and CEO Will Shu said in a statement. “In particular, I’m excited about exploring completely new ways to solve the hardest problems restaurants face when offering delivery. RooBox is the first illustration of this approach, and innovations like these are at the heart of our mission. We’re proud and honoured to have the support of Bridgepoint, DST Global and General Catalyst in this endeavour.”

We had been hearing about Deliveroo’s attempts to raise this round for months now, and it came with several other interesting details.

For one, this round has been taking some time to close –nine months, by one person’s estimate — as the size and terms have fluctuated. We also understand from multiple sources that the company had hired Morgan Stanley either to help arrange financing for this deal, or potentially to find a buyer for the company. Among those that were approached as potential buyers or partners: Uber, Delivery Hero, Amazon, Just Eat and Takeaway.com. Those talks have not come to anything at this point.

Deliveroo, however, has been growing. It says that since its last round of funding ($100 million in November 2015), it has grown 400 percent and “reached profitability in a number of its established markets,” which would include London. It has also added 29 new cities and 9,000 new restaurant partners to its footprint in the last eight months.

And if we’re in a sink-or-swim climate at the moment, for now competitors are just happy to see Deliveroo seal the deal, since rising tides will help lift all (remaining) boats. “It’s good news that they managed to finally close,” another food delivery founder told me. “I think everyone was nervous it would be one of Europe’s largest failures… It would have effected the whole industry.”

Notably, Uber opted to partner up and sell off its operation in China to arch rival Didi Chuxing after it proved too costly to compete against it. Whether that might be a precedent for other geographies and categories beyond basic transport remains to be seen.

For now, there has been a lot of competition between Deliveroo and Uber Eats in markets like London, not just to secure restaurants for delivery and to find loyal customers, but to pick up drivers to complete orders.

Anecdotally, drivers who we have interviewed who have made the leap to Uber from Deliveroo tell us the pay is better — meaning Uber’s competing by sacrificing margin to gain market share.

Confusingly (or serendipitously?), the green-lettered black delivery boxes for Uber Eats and Deliveroo look nearly identical.

Deliveroo says that since its Series D, it has added 6,500 new riders to its network.

Via Techcrunch: Amazon launches Prime Air, its own dedicated cargo planes to speed delivery

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A Boein 767 of Prime Air in the hangar of Seattle-Tacoma International Airport.

 

Drone delivery or self-driving trucks may not be here any time soon for Amazon.com.

But the e-commerce juggernaut plans to launch its first ever branded cargo plane, the Amazon One, at Seattle’s SeaFair Air Show on Friday.

The plane is a a Boeing 767-300 operated by Atlas Air, an existing provider of air cargo services for Amazon.com.

In a press statement ahead of the event, the company’s senior vice president of worldwide operations, Dave Clarke, outlined plans for a more expansive “air transportation network.” The company will lease 40 planes in total from Atlas Air and another partner, ATSG, for its Prime Air cargo operations in the next two years, he revealed.

The move is part of a broad effort to speed delivery for ever-demanding customers.

A time lapse video of the plane being painted is up for Amazon superfans who want to catch a glimpse before it flies in the airshow in Seattle.

On the ground, Amazon.com has also launched initiatives aimed at making delivery times as fast as possible for its Prime and other customers.

Among other things, these efforts include the addition of 4,000 trailers to its fleet of delivery trucks; the launch of Flex, a mobile app to let vetted freelance drivers start using their own vehicles to make Amazon.com deliveries; and the use of robotics and other technology to speed packing and sorting at its facilities.

Copying and Pasting needs Creativity. Blunders of Olpers explained

 

The article is not aimed at berating graduates of any University, be it Institute of Business Administration (I.B.A), Lahore University of Management Sciences (L.U.M.S), University of Karachi (U.o.K or K.U), Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), Karachi School for Business & Leadership (K.S.B.L), Bahria University (Islamabad and Karachi), Mohammad Ali Jinnah University (M.A.J.U, Karachi & Islamabad), University of Central Punjab, University of Peshawar, Institute of Management Sciences (I.M.S), Karachi Institute of Technology & Entrepreneurship (K.I.T.E), IQRA University, University of Management & Technology (U.M.T), Greenwich University or any other Foreign University but rather points out at mistakes made in making print ads. Copying and pasting is a norm but that doesn’t mean one must harm his/her creativity just to feed his/her mouth. Is this trend acceptable since the West and the middle east including Latin America, Oceania, East and South East Asia and Africa are being tough on it. if anyone feels berated, it is purely coincidental and not targeted.

JWT, who serves Engro Corporation's Food and Beverages sector.

JWT, who serves Engro Corporation’s Food and Beverages sector.

 

New and old logos of Olpers

New and old logos of Olpers

 

 

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If Olpers wanted to make a milkshake, why did it copy a copyrighted image and stole credit for such as well

 

The above picture highlights it. It’s absurd, Engro corporation always hires graduates from Institute of Business Administration (I.B.A) and Lahore University of Management Sciences (L.U.M.S) and yet they fail to produce (Same is done by JWT Pakistan).

I must ask, why hire a bunch of elite “Burger kids” when those “Burger” kids are least capable of producing, eat imported food bought by their Daddies filthy rich wallets, Mommies smoking sheesha in expensive German SUV’s and over sized villas constructed in Defence Housing Authority (D.H.A) and Clifton (Both in Karachi) and from D.H.A in Lahore and Islamabad as well? whats the use? what about those hard working middle class kids from other good and reputed universities who work part time to pay their dues and end up eating dust? is this the Pakistan we wanted? is this the labor market we all want? Of course not!!!!

Lets face it, the middle class in Pakistan is being oppressed. I mean LUMS and IBA do have good and responsible graduates but are they given space? most of them are abroad cursing Pakistan’s feudal society and patriarchal cum feudal social, societal and business systems. This current trend of copy pasting is so high among these so called confused stupid Brown American born/raised Pakistani desis who flaunt arrogance of wealth and fake Pakistani spirit with an American, Canadian and?or British passports. I must ask, are these asswipes even worthy of the North American?European?Middle Eastern market when they come here and mess up our already messed up market? are these buffoons any good? look at the amount of copy pasting and stupid nonsense Urdu sentences they are using. their market research is also very very poor, sorry to say and it is worse than what IBA/LUMS/IoBM/UoK/SZABIST/MAJU/KSBL produces because these universities are very serious and sincere in such matters as well as their students.

 

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JWT and Olpers need to be sued for infringement of copy writing. Using stock images is not only a turn off but a stupid practice as well

 

Even if the copy pasting thing is a norm, a practice running since decades. but don’t you think people need to be creative when copying?

There is a famous saying in Urdu: “Naqal ke liey Aqal bhi Chaahiyey.” meaning for cheating, you need to be clever (obviously using the mind lol 😀 ). But then again, where’s the creativity in the minds of these kids on whom their parents spent billions, even trillions! where is the spark in their mind? are they lazy? (probably). where in God’s name are we headed?

Shutterstock images will always be stock, but they are best utilized by small and medium enterprises (SME’s) to grab sales and profits in desperation. Secondly, Well established firms should refrain from such because they should rather produce their own images instead of copying images from shutter stock and social networks. Developing countries have no copyright protection laws but since the West is very active, given the current trend of copy pasting hardly and one from the east will be able to work in the west. Reason: It’s not terrorism, it’s the current trend of copying and pasting without any creativity, bluntly copying and pasting. this will harm our already once established creative industry which will not only hurt our impression but will send standards plummeting down to the basement.

 

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Links to the mentioned images are as under:

https://www.facebook.com/l.php?u=https%3A%2F%2Fdashingdish.com%2Frecipe%2Fstrawberry-shortcake-protein-overnight-oatmeal%2F&h=BAQEfz65D

https://www.facebook.com/l.php?u=https%3A%2F%2Fdashingdish.com%2Frecipe%2Fstrawberry-shortcake-protein-overnight-oatmeal%2F&h=BAQEfz65D

http://www.facebook.com/l.php?u=http%3A%2F%2Fmyschaoreo.tumblr.com%2Fpost%2F73092141562%2Flight-leak-steam&h=iAQER0RkO

https://www.facebook.com/l.php?u=https%3A%2F%2Fwww.flickr.com%2Fphotos%2Fhoneyandjam%2F12240991345%2F&h=bAQEfo_pL

 

Let us all ask ourselves, copying and pasting without any creativity and worse part is using copyrighted stock image and using a stolen image for print ad purpose in media. Will we be spared? no. The Middle east has even tougher copyright laws! and since their managers are much more educated than ours, we can easily get our asses kicked. its depressing, way beyond depressing. Many are not admitting this mistake and call the West hypocrites when in fact we South Asians are becoming more hypocritical day after day, sadly :(. we need to control this trend, we don’t want freeloaders, we should honest, sincere, educated and creative people to save our industry hence we all will be using Indian ad hoardings.

May God save Pakistan! (Aameen)