00:00:00
You come to Uber, you're going to work
00:00:01
your ass off. And if you're not
00:00:03
performing, we're going to let you know.
00:00:04
>> But do you ever worry that they might
00:00:05
not be able to deal with the truth?
00:00:07
>> Then they can leave because the most
00:00:09
important skill in life is the skill of
00:00:11
working hard. And when you see the top
00:00:13
athletes, Ronaldo, Michael Jordan, of
00:00:15
course they're talented. But the thing
00:00:17
that's different about them is they work
00:00:20
their asses off. And that's a learned
00:00:22
skill. That's not something you're born
00:00:23
with. You may be smarter, more talented,
00:00:26
etc. But I'm not going to let anyone
00:00:28
outwardly. with that mentality.
00:00:29
>> When you joined Uber, Uber was losing 3
00:00:31
billion per year. Now it generates 8.5
00:00:33
billion in free cash flow every year.
00:00:35
But it seems that you were forged in
00:00:37
such a way that you were going to be
00:00:39
relentless.
00:00:39
>> Yeah. And it really started with being
00:00:41
born in Iran with the Islamic Revolution
00:00:43
in 1978. We were not safe there. And I
00:00:46
remember at one point we had these
00:00:48
revolutionary guards come into the
00:00:49
backyard and bullets went through our
00:00:51
living room. So my family came to the US
00:00:54
to rebuild their lives.
00:00:55
>> You were 8 9 years old.
00:00:57
>> Yeah. And it really destroyed my dad.
00:01:00
Sorry me.
00:01:04
It's tough for me to talk about it.
00:01:08
Second.
00:01:11
All right, let me try again. Seeing that
00:01:13
has put me on a road where I just wanted
00:01:15
to make my family proud. So I studied
00:01:18
bioelect electrical engineering and then
00:01:19
my first job was investment banking and
00:01:21
I got to see the process of big
00:01:23
companies being built and then I had the
00:01:25
opportunity to take over Expedia
00:01:26
>> and in your 12 years as CEO Expedia
00:01:28
sales increased from 2.1 billion to 8.8
00:01:31
8 billion and you were the highest paid
00:01:33
CEO of a US tech company
00:01:34
>> and I left it all behind to get over
00:01:36
>> and I want to get into practical company
00:01:38
building how you would get that company
00:01:39
to work hard and create a culture of
00:01:41
continuous improvement and all that
00:01:43
stuff but there's an alien that's
00:01:44
arrived amongst us which is AI now
00:01:46
driving I think is one of the biggest
00:01:48
employees in the world like as a
00:01:49
profession
00:01:50
>> I mean we've got 9 and a half million
00:01:51
drivers and couriers on our platform
00:01:53
>> those drivers careers that you have will
00:01:55
be out of work being honest about the
00:01:57
situation what do the 9 million people