Uber CEO Shielded from Stock Drop by Options Repricing

"The exercise price of Mr. Khosrowshahi’s options was lowered to $33.65 per share by the company early last year, eight months after they were issued at $41.65. Such repricings have become rare at public companies due to fierce opposition from investor advisory firms and other investor groups. The repricing, which was disclosed in a regulatory filing but hasn’t previously been reported, could cause some investors to view Uber’s board more skeptically, said an investor group."