In May 2021, Ugwu and 2,500 other drivers launched the Drivers Cooperative, a ridesharing company that lets them keep 85 percent of their fares and share in any annual profits. It has no investor shareholders or executive compensation. By comparison, Uber’s chief executive earned $64 million in 2019-2020, hundreds of times more than a typical driver’s salary of about $30,000 per year, according to an independent analysis.
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