Jamal Khashoggi

The paradox of shareholder capitalism

An illustration of a man walking on stairs.
Illustration: Sarah Grillo/Axios

How much power do shareholders have over companies? Judging by Uber CEO Dara Khosrowshahi's comments to "Axios on HBO" this week, it must be quite a lot.

Catch up quick: Khosrowshahi praised Yasir Al-Rumayyan, who sits on Uber's board and is a close friend of Saudi Crown Prince Mohammed bin Salman. "He's been a very constructive board member," Khosrowshahi said, "and I personally have valued his input greatly."

Uber CEO apologizes to employees for Khashoggi comments

Dara Khosrowshahi
Photo: Riccardo Savi/Getty Images for Concordia Summit

Uber CEO Dara Khosrowshahi apologized to employees Tuesday after his interview with "Axios on HBO" garnered immense criticism over his suggestion that the murder of journalist Jamal Khashoggi was "a mistake" by the Saudi government, the Washington Post reports.

The big picture: After the interview, during which Khosrowshahi compared Khashoggi's murder to the death of a woman in a self-driving Uber accident, he called Axios' Dan Primack to express regret for the language he used. He later provided an official statement disavowing the comments and apologized on Twitter, but not before the interview sparked the hashtag #BoycottUber.