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Technology and the Internet

Uber’s latest pickup: Morgan Stanley

Morgan Stanley headquarters, near Times Square, in New York.
Morgan Stanley headquarters, near Times Square, in New York.
(Richard Drew / Associated Press)
By Sarah Parvini
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Morgan Stanley employees can add a new job perk to their list: The global financial services firm is one of the first major companies to reimburse staff who use Uber.

“Employees expressed their strong affinity for the convenience Uber offers them in their personal lives and wanted that flexibility for their business travel needs as well,” Jeff Brodsky, Morgan Stanley’s human resources chief, said in a statement.

Thursday’s move to include Uber in its corporate travel policy makes the New York-based company among the first firms to pay for the ridesharing service. Deutsche Bank and Barclays also reimburse employees for the service.

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Uber, which launched in 2009, operates in 45 countries and 220 cities. In June, the San Francisco company raised $1.2 billion in venture capital, valuing the company at $17 billion.

Follow me on Twitter: @ParviniParlance

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Technology and the Internet
Sarah Parvini

Sarah Parvini was a reporter at the Los Angeles Times from 2014 to 2024. She most recently covered the video game industry and previously wrote about California’s diverse communities, with a focus on the state’s shifting demographics. She was part of the team that won the 2016 Pulitzer Prize for its coverage of the San Bernardino terrorist attack, as well as a member of the investigative unit that uncovered scandals at USC’s medical school. The child of immigrants, she speaks fluent Persian and conversational Spanish.

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