D. Anthony “Tony” West, the best attorney at Uber Technologies Inc., noticed his overall compensation soar by a lot more than 40% in 2022 as he aided the experience-sharing large slash its lawful and regulatory payouts in fifty percent.
Uber disclosed in a proxy assertion Monday that West been given a fork out offer valued at additional than $10.6 million last calendar year, up from the $7.4 million he attained in 2021. West, employed by Uber in 2017, aided just take the San Francisco-based mostly enterprise general public in 2019. Uber made him a named government officer the following calendar year, one particular in which his complete payment strike $12.3 million.
An Uber spokesman confirmed that the business appeared internally to swap West’s previous No. 2 in authorized, Tammy Albarrán, who left final year to develop into the new major lawyer at Peloton Interactive Inc. Uber promoted deputy common counsel Kathleen “Katie” Waitzman to thrive Albarrán as the company’s main deputy general counsel. Waitzman has worked for Uber due to the fact 2015.
West’s full payment at Uber in 2022 involved $800,000 in foundation salary, extra than $2.3 million in non-fairness incentive prepare cash payment, and just about $7.5 million in inventory awards. The corporation credited West with reducing “legal and regulatory payouts against reserves by 47% in 2022.”
Uber, in its rationale for West’s remuneration, said he served reduce its outside the house counsel shell out past 12 months by 25% and assisted the business crack down on roughly $100 million in platform fraud losses while avoidance and recovery endeavours.
The firm also cited West’s function functioning with other senior executives in finishing strategic transactions and divestitures, these types of as the sale of Routematch, a application support Uber acquired in 2020, and the $376 million sale of a minority stake in Indian food shipping and delivery small business Zomato.
Uber mentioned it amplified West’s concentrate on bonus very last year—from $800,000 to $1.6 million— to ensure that it was “competitive with other prime authorized officers in our peer group and to account for the specially sophisticated and evolving legal and regulatory atmosphere in which we operate.”
West, who has “overall responsibility” for that company purpose, has become one of the most very well-known legislation division leaders of a US community company. The former Morrison & Foerster spouse expended six decades in the Obama administration’s Justice Section, and has been a critical determine in Uber’s interactions with politicians and regulators.
West told Bloomberg Legislation in 2020 that he doesn’t examine Uber with most likely his most well-known connection—his sister-in-regulation Vice President Kamala Harris. West also generally speaks out about corporate ethics and other authorized and compliance concerns, which performed a role in Uber recruiting him from the prime authorized occupation at PepsiCo Inc., which he joined in 2014.
At the time of his use, Uber was coping with the fallout from the ouster of co-founder and former CEO Travis Kalanick. West helped Uber navigate the turmoil stemming from that exit, and legal and regulatory hurdles that adopted.
The company scored a main authorized victory this month when an appellate court docket in California dominated that Uber and other gig financial system-focused organizations can classify their workers as independent contractors.