Sep 14, 2017

Why some employees critical of Uber are staying

Eric Risberg / AP

Since Uber's avalanche of explosive allegations and controversies began earlier this year, one of the biggest questions has been: Why aren't more employees running out the door? Some executives and employees have certainly left, but many remain and continue to root for Uber's success.

Follow the money: For some employees, especially those who joined early enough, there's huge financial upside. And, until recently, walking away would have likely meant forfeiting equity.

  • "How do you ask people to easily give up 95% of their potential wealth and retirement?" an investor (not in Uber) recently asked.
  • Some employees who have chosen to stick around, despite being deeply critical of Uber's leadership, nevertheless would prefer to see their years of hard work ultimately pay out, two tell Axios.

Renewed hope: Uber's new CEO also changes the math. While over a thousand employees petitioned for ex-CEO Travis Kalanick's return after he was forced to resign in June, many were glad to see him go. New boss Dara Khosrowshahi has said that he foresees an IPO in 18 to 24 months, giving clearer expectations than Kalanick's preference for delaying the event.

Other reasons:

One young female engineer has told Axios that she genuinely enjoys working with her team and her current projects, which she finds meaningful, despite the toxic culture that past leadership enabled.

Go deeper

What we know: Deadly Storm Dennis whips at England, Wales and Ireland

Photo: OLI SCARFF/AFP via Getty Images.

At least two deaths are being attributed to Storm Dennis on Monday as it continues to strike at parts of England, Wales and Ireland, per AccuWeather.

The big picture: Dennis is the second-strongest nontropical storm ever recorded in the North Atlantic Ocean. Its hurricane-force winds and heavy rains have caused widespread flooding across the United Kingdom. The army has been deployed in the U.K. to help with flood relief.

Go deeperArrow13 mins ago - Science

Coronavirus cases rise as 14 American evacuees infected

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

14 Americans evacuated from the Diamond Princess cruise ship tested positive for the novel coronavirus before being flown in a "specialist containment" on a plane repatriating U.S. citizens back home, the U.S. government said early Monday.

The big picture: COVID-19 has now killed at least 1,775 people and infected more than 70,000 others. Most cases and all but five of the deaths have occurred in mainland China.

Go deeperArrowUpdated 2 hours ago - Health

The cost of going after Bloomberg

Illustration: Eniola Odetunde/Axios

Here's the growing dilemma for 2020 Democrats vying for a one-on-one showdown with frontrunner Bernie Sanders: Do they have the guts — and the money — to first stop Mike Bloomberg?

Why it matters: Joe Biden, Pete Buttigieg, Amy Klobuchar and Elizabeth Warren all must weigh the costs of punching Bloomberg where he looks most vulnerable: stop-and-frisk, charges of sexism, billionaire entitlement. The more zealous the attacks, the greater the risk he turns his campaign ATM against them.