BONUS EPISODE: Lyft CEO Says Company Not For Sale
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 28 March 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Lyft’s incoming CEO David Risher says the struggling ride-hailing company isn’t for sale. Listen to the full interview here, as Lyft CEO David Risher speaks with Bloomberg's Ed Ludlow.
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Transcript
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:23.7 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | Let's start chronologically. When did Logan and John come to you and say hey we have this idea |
| 0:35.6 | Would you like to lead our company? It was first of all I characterize it as a crazy idea |
| 0:41.2 | But we'll come back. Why is it crazy because it's outside of your your CV what you've done in the past? |
| 0:46.0 | In a sense but in another sense it isn't. |
| 0:47.9 | You know I was at Amazon focused on the customer I was at Microsoft |
| 0:51.2 | focused on competing I built a nonprofit that gets 20 million kids |
| 0:54.3 | reading with very limited resources. |
| 0:55.9 | Might to do quite a lot with very little. |
| 0:57.6 | That's the idea yeah but they did they approach the board actually at the end of last year |
| 1:01.2 | saying it was time for them to think about the next thing |
| 1:03.4 | with your name or just generally speaking at the end of last year that's right that's right |
| 1:07.1 | and then the board created a search committee as they do they hired a search firm as they do |
| 1:10.4 | they saw hundreds of people dozens of strong candidates in the end. |
| 1:13.2 | Right. They came to me and said maybe you're the guy. |
| 1:15.2 | Okay so when they came to you, what was it that they wanted you to do? What was their kind of big pitch |
| 1:20.1 | around why lift would be better under your leadership. |
| 1:23.0 | You know, I think they are really proud of what they've created and for good reason. |
... |
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