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Los Angeles Times
Los Angeles Times
Business
Sarah Parvini

BRIEF: Uber's latest pickup: Morgan Stanley

Nov. 06--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.

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.

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