BUSINESS NEWS - Uber’s chief executive said on Monday that he was focused on “responsible growth” as he seeks to put an end to the take-no-prisoners culture he inherited on joining the pioneer of ride-hailing services last year.
The US company was now set on “going from growth-at-all-costs to responsible growth” and its plans include making a fresh start in Germany, where it previously faced legal battles, CEO Dara Khosrowshahi told a technology conference in Munich.
Khosrowshahi has pledged to make a clean break with past practices that resulted in a litany of regulatory problems, driver and consumer scandals, court cases and many accusations of Uber having a toxic work culture.
“Business is surprisingly good, (taking account of) everything that the company went through,” he said on stage at DLD Munich, an annual gathering for Europe and Silicon Valley’s tech elite.
“The part of the business that is not going particularly well is the profitability part,” he added wryly.
Khosrowshahi, who joined the San Francisco firm last August to replace co-founder Travis Kalanick after he was pushed out by the company’s board of directors, said Uber was now working with regulators in Germany.
