Lyft CEO David Risher has a turnaround plan for the company and Minneapolis s new wage minimums are not part of it

Get the Full StoryA year into the job, the rideshare CEO shares how he turned the company cash-flow positive and why he may pull out from Minneapolis.

When Lyft CEO David Risher took the helm of the rideshare company from cofounders Logan Green and John Zimmer a year ago, his mandate was clear: create a sustainable business by getting the perennial second-place rideshare company to stop bleeding money. The former Microsoft and Amazon executive laid off more than a quarter of the company s workforce last April and exited ancillary business lines, such as car rentals. That s helped Lyft lower the prices of its rides, so they re in line with Uber s. It s all part of what Risher calls his key strategy: customer obsession drives profitable growth.

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