Uber CLO Tony West Receives Eight-Figure Compensation for Second Year in a Row
2023 was a banner year for the company, which posted its first annual operating profit ever. West's pay was essentially flat compared with a year earlier.
March 18, 2024 at 05:38 PM
3 minute read
TransportationUber Chief Legal Officer Tony West received compensation totaling $10.4 million in 2023, a breakthrough year for the ride-hailing company, during which it reported its first annual operating profit ever and the stock appreciated more than 70%. West, 58, who's been the company's legal chief since November 2017, received virtually the same amount a year earlier, $10.6 million. In 2021, he'd received $7.4 million. The San Francisco-based company disclosed pay for top brass in a proxy statement filed with the Securities and Exchange Commission on Monday. West was the fourth-highest paid executive of the six listed. Leading the way was CEO Dara Khosrowshahi, who received $24.2 million, flat from a year earlier. In the proxy, Uber's compensation committee listed nine bullet points of achievements for West, including a landmark deal with New York Attorney General Letitia James announced in November that put to rest a three-year-old probe into allegations it misappropriated drivers' wages. Under the pact, Uber agreed to pay $290 million to drivers and begin providing sick days and other benefits. The compensation committee also noted West's bridge-building efforts, including that he "engaged globally with more than 100 regulators, attorney generals, policymakers, labor unions, and other government stakeholders to educate them on our business, encourage collaboration, build public-private partnerships and mitigate risks."
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