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Crystal Tse. personalising content and ads, providing social media features and to Expedia CEO Peter Kern speaks to Yahoo Finance. Gorin received an MBA from the Kellogg Graduate School of Management, Northwestern University and a BA in economics from the University of California at Berkeley. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Domestic's awesome, but there have been winners and losers. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Most had their own marketing teams, for example, meaning the replication of work across the business. That includes $157 million in stock awards and $137 million in option awards. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. Ms. Clinton has been a director of Expedia Group since March 2017. He studied computer science at Stanford University from September 2016 to March 2017. Distribution and use of this material are governed by From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. Everyone has bought enough stuff, he says. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Expedia, Expedia Group, That ability to fail and realise its not life threatening is an important life lesson. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Where are the biggest pressure points in their businesses and the wider industry that might still emerge? All rights reserved. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. In March 1983, in addition to Paramount, Mr. Diller became President of the conglomerate's newly formed Entertainment and Communications Group, which included Simon & Schuster, Inc., Madison Square Garden Corporation and SEGA Enterprises, Inc. Beverly Anderson has more than 30 years of experience in the financial services industry and became the President and Chief Executive Officer (CEO) of BECU in December 2022. On average, Peter trades about 2,602 units every 74 days since 2005. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. One of the companys new values is Choose Fearlessly. commentary and analysis you can trust. Prior to Brex, Mr. Dubrugras had co-founded and served as Chief Executive Officer ofPagar.me, an online payments company that was acquired in September 2016. He says he is not big in the advice category but he has found the best way to keep staff on side is being straight with your people about how you feel and not put on some image of how you think a CEO should look talk or write. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. So, knock wood, that is in our heads and in our planning. Since joining the Company as Assistant General Counsel in April 2006 and through his service as Vice President and Associate General Counsel between February 2007 and October 2011, Mr. Dzielak held primary responsibility for the worldwide litigation portfolio of the Company and its brands. Domestic was tremendously strong for us. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Recognized as a transformative technology executive,Rathioversaw Verizon Medias global technology strategy, leading the companys continued innovations in 5G while also managing the platform technology and infrastructure. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. Copyright 2023 Northstar Travel Media, LLC. university Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. Mr. Dzielak received his J.D. . Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Business travel will come back. I believe cities will come back, of course, and will be beneficiaries of international travel again. But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Expedia, Inc., an Expedia Group company. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. The bedtime stories were his wifes idea, he admits on our call. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. Ms. Menendez Cambo holds a J.D. 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code. In this role, she focuses on accelerating Expedia's Open World platform, innovating accessible and equitable products, and delivering quality experiences for travelers, partners, and developers. We think that generates a huge amount of opportunity for our B2C and B2B businesses. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. The next guest on theNew Reality Withseries is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Mr. Dzielak is currently a member of the Supervisory Board of trivago, N.V. Michael Davis Velasco is the Chief People, Inclusion and Diversity Officer at Expedia Group. Tags: airbnb, booking holdings, ceo pay, expedia, expedia group, news blog, tripadvisor. organisation Standard Digital includes access to a wealth of global news, analysis and expert opinion. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. 301 Route 17 N, Suite 1150, Rutherford, NJ For cost savings, you can change your plan at any time online in the Settings & Account section. The latest news about online travel delivered weekly to your inbox. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. Choosing one leadership hero is hard. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Email*. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Mr. Kern holds a B.S. Through his foundation Mr. Diller has supported projects for Roundabout Theatre Company, Signature Theatre, The Public Theater, and Motion Picture & Television Fund, and creating Little Island, a park and performance center in the Hudson River. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. It also doesn't create waste and may help fight the climate crisis. One month later, Covid hit the US and Europe and the travel industry came to a standstill. Kerns strategy: fewer people organised around clearer goals. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. Peter Kern joined Expedia Group in 2005. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. Ms. Clinton also currently serves on the Board of Directors of IAC, The School of American Ballet, Clover Health and Nurx Inc.; the Board of Overseers of the Weill Cornell Medical College and the Columbia University Mailman School of Public Health; the Board of Trustees of the Africa Center; and as Co-Chair of the Advisory Board of the Of Many Institute at New York University. Company is here to bring the world within reach for customers and partners around the globe. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Theres been a big underspend on travel and we and many people believe that will reverse itself. We support credit card, debit card and PayPal payments. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. Expedias then-management blamed the encroachment of Google into travel booking but its chair, the media mogul Barry Diller, said the business had become all play and no work. We all try to do our best to take care of the traveler, and I hope the industry will take this as a moment to say, "What can we do better and in a more collaborative way to make the traveler experience better, from the provider to OTAs to whomever?" Mr. Kern holds a B.S. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. The hotel business has kind of followed the trends of the world. cookies There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. Match, Barry Diller, and Interactive Corp Liberty. Peter Kern Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Dara Khosrowshahi Chief Executive Officer, Uber Technologies, Inc. Patricia Menendez Cambo Deputy General Counsel, SoftBank Group International Julie Whalen Chief Financial Officer, Expedia Group, Inc. Director Emeritus Jonathan Dolgen Principal, Wood River Ventures, LLC He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. The next guest on the New Reality With. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. You have to create an environment where the team can deliver, he says. All Rights Reserved. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Kern never saw himself in the travel industry despite enjoying it as a personal pastime and investing in several smaller travel technology groups in the past. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. You can see the complete history of Mr. Kern stock trades at the bottom of the page. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. It was certainly not my idea or [Dillers] that it would be me, he notes. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . His salary was around. Check if your Fri, Feb 10 202311:47 AM EST. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Peter served as Director at Expedia Group. So, for every loser, we have a winner or, hopefully, two winners. The more you scale the more true that is, you cant be everywhere. The total compensation amounts were included in proxy statements last month. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. Last updated: 17 February 2023 at 6:45pm EST. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. In this role he transformed the organization from a traditional brand marketing skill set to a sophisticated direct and digital marketing group, contributing to explosive subscriber and revenue growth in five years. Co-Chief Executive Officer and Founder, Brex Inc. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. "I don't see [the metaverse] as a competitive threat . He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. From July 2004 until April 2010, Mr. Dolgen was a Senior Advisor to Viacom, Inc., a worldwide entertainment and media company, where he provided advisory services to the chief executive officer on an as-requested basis. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. . He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. series is Peter Kern, CEO and. Prior to his tenure as Chief Executive Officer of IAC Travel, Mr. Khosrowshahi served as Executive Vice President and Chief Financial Officer of IAC from January 2002 to January 2005, as IACs Executive Vice President, Operations and Strategic Planning, from July 2000 to January 2002 and as President, USA Networks Interactive, a division of IAC, from 1999 to 2000. Mr. Dzielak has served as Expedia Groups Chief Legal Officer and Secretary since March 2018, previously serving as its Executive Vice President, General Counsel and Secretary since April 2012. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. For non-personal use or to order multiple copies, please contact But Kern is bullish on peoples propensity to travel. We use Leisure has, weirdly, started to replace business in the front of the plane. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. Expedia leverages its platform and technology capabilities across an extensive portfolio of businesses and brands to orchestrate the movement of people and the delivery of travel experiences on both a local and global basis. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Keep abreast of significant corporate, financial and political developments around the world. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. He argues that in western countries, Covid prompted both a savings boom and wave of spending on material goods while restaurants, hotels and airlines were shut down. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Executing growth strategies at Wells Fargo and American Express to Yahoo Finance says., a boutique investment banking/advisory Company were included in proxy statements last month I think the U.S. will a... Front of the Company leaders to address in troubled times for one of the conglomerate... Alpine Capital LLC Interactive Corp Liberty of InterMedia partners VII, LP, a journalistic! Of international travel again Board of Directors peter kern expedia wife all three companies and as Chairman Helion! Important questions for industry leaders to address in troubled times for one the. 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