At Expedia, Khosrowshahi became one of America’s best-paid executives. Uber compensated him for the $160mn in options he gave up on leaving Expedia with options tied to him boosting his new employer’s valuation to $120bn and staying for five years.

Uber was originally presented with the idea by a third party, per the report. It reportedly then reached out to advisers. One of the areas it was looking at was how to deal with the fact that CEO Dara Khosrowshahi is a non-executive director at Expedia,