We use offers FT membership to read for free. By May 2020, the travel company had raised more than $3.2bn in funding with $1.2bn coming from the private equity groups Apollo Global Management and Silver Lake who were temporarily given seats on the board. But, like the ebb and flow of omicron, some countries put up restrictions, others change the rules, and the traveler thinks, "What does it mean to me, can I cancel, can I not?" Expedia Group plans to do at least three things to grow its Vrbo business in 2023. Short of finding someone else for the top job, Kern was persuaded to take over full time. Prior to these efforts, Ms. Clinton worked as an associate at McKinsey & Company, a consulting firm, from August 2003 to October 2006, and as an associate at Avenue Capital Group, an investment firm, from October 2006 to November 2009. It certainly takes a certain amount energy, but our bigger objectives have been around finally building the one technology platform that crosses all our brands and all our partner activities. Ms. Menendez Cambo has served as Deputy General Counsel of SoftBank Group International and General Counsel of the SoftBank Latin America Fund since May 1, 2019 and General Counsel of the SoftBank Opportunity Fund since July 2020. Peter served as Director at Expedia Group. Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. So, knock wood, that is in our heads and in our planning. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Mr. Diller held the positions of Chairman of the Board and Chief Executive Officer of IAC and its predecessors since August 1995 and ceased serving as Chief Executive Officer in November 2010. Short stories and posts about the daily news happenings across the travel industry. India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Musk donated around $1.95 billion in Tesla shares last year, Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, French tycoon Niel hikes stake in Millicom to 19.6%, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, Transcript : Expedia Group, Inc. Presents at 31st Annual Media, Internet & Telecom Conference, Feb-27-2023 04:20 PM, Transcript : Expedia Group, Inc., Q4 2022 Earnings Call, Feb 09, 2023, Transcript : Expedia Group, Inc., Q3 2022 Earnings Call, Nov 03, 2022, Transcript : Expedia Group, Inc. Presents at Goldman Sachs Communacopia + Technology Conference 2022, Sep-13-2022 10:00 AM. feel like they are making a difference, he explains. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. We had this moment where the U.S. opened, and now it's a little clumsy again. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. I think sometimes its possible leadership hasnt appropriately set out what success looks like and how a group should be organised to succeed. Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Now the company is emerging from the pandemic into an equally uncertain world. Mr. Kern has spent decades in leadership roles in public and private settings. 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. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. Airbnb had $4.8 billion. Financier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded. Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. That ability to fail and realise its not life threatening is an important life lesson. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. 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. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industrys worst crisis in decades. Domestic's awesome, but there have been winners and losers. (Expedia Group Photo) Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the . Mr. Kern owns over 1,585 units of Expedia Inc stock worth over $172,717 and over the last 18 years he sold EXPE stock worth over $0. personalising content and ads, providing social media features and to We're also pushing on the brand front. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Javascript is required for this site to display correctly. Her expertise lies in her ability to manage engineering teams and drive change. "I don't see [the metaverse] as a competitive threat . Peter Kern Vice Chairman and Chief Executive Officer 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. 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. Theres been a big underspend on travel and we and many people believe that will reverse itself. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart 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. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. His salary was around $850,000. Rathialso currently sits on the board of directors for PagerDuty. Mr. Kern holds a B.S. 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. Expedia Group Inc. named a new chief executive officer and finance chief and is raising about $3.2 billion to shore up its finances after virus lockdowns decimated the travel industry . Expedia, Inc., an Expedia Group company. Crystal Tse. Michael co-founded the National Latina/o Law Students Conference and is an advocate for the underrepresented, volunteering his personal time to advise those in need on immigration rights and social and racial justice issues. Expedia Group CEO Peter Kern. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. We're trying to play offense into what we think will be a recovery. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. 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 . But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. Expedia, Expedia Group, from Boston College and an M.B.A. from St. John Fisher College. 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?" . The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. Mr. Dolgen holds a B.S. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. Peter Kern of Expedia Group 2,218 views Jul 17, 2020 21 Dislike Share Save PhocusWire 1.42K subscribers #coronavirus The next guest on the New Reality With. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. One of the companys new values is Choose Fearlessly. 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. Beverlys core areas of focus include strategy development and sustainable growth, overseeing daily operational activities, and fostering BECUs culture of promoting the financial well-being of its members and communities. You can still enjoy your subscription until the end of your current billing period. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Prior to Expedia Group, Ms. Whalen served as EVP and CFO at Williams-Sonoma, Inc. for more than ten years, having progressed through positions of increasing responsibility in Williams-Sonomas finance organization since joining in 2001. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Mr. Kern holds a B.S. Copyright 2023 Northstar Travel Media, LLC. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. Access exclusive travel research, data insights, and surveys. Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. 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. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. As CEO of the fourth largest credit union in the United States, she is responsible for all aspects of leading an organization with more than 1.3 million members and $30.2 billion in assets. She is also an Art of Living Teacher and has a passion to help spread peace in the community. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Expedia CEO Peter Kern speaks to Yahoo Finance. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. What would you do if you were not a chief executive? But I wouldn't say, universally, we're as strong as we want. Mr. Kern has spent decades in leadership roles in public and private settings. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . No one wants to. If we chased every endpoint, we were going to make it too complex to build the core that we needed. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. 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. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. He serves on the boards of The Coca-Cola Company and MGM Resorts International. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Stay informed and spot emerging risks and opportunities with independent global reporting, expert Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. For non-personal use or to order multiple copies, please contact One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Jon Gieselman is the President of Expedia Brands, where he is focused on brand marketing, growth marketing and marketing technology services across all Expedia Group consumer brands. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. Oceania further cements itself as a cruise line for foodies, bestowing the honor of Vista godmother on the celebrity chef and Tourism officials and suppliers say that the impact of the crisis on vacationing visitors has been minimal, if not nonexistent. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. 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. Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. 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. 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. According to Peter Kern, the vice chairman and CEO, his . Mr. That includes $157 million in stock awards and $137 million in option awards. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. It used to be like a college basketball coach or football coach but now a sommelier would be better. Expedia CEO Peter Kern. Since July 2004, Mr. Dolgen has been a private investor. 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. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Beyond the office, Beverly is dedicated to giving back to her community, serving on the boards of Expedia Group, Accion, Sword Health, and the Harvard Business School African-American Alumni Association. Mr. Dolgen was a director of Ticketmaster from August 2008 through its merger with Live Nation, Inc. in January 2010 and thereafter a director of Live Nation, Inc. through June 2018. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Expedia, Inc., an Expedia Group company. 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. There are 6 older and 12 younger executives at Expedia Inc. 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. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. Peter Kern, CEO of Expedia Group. It was a precarious moment: Calls to the company's call. We think that generates a huge amount of opportunity for our B2C and B2B businesses. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. You may change or cancel your subscription or trial at any time online. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . I was very good at putting my own sons to sleep that way.. The next guest on the New Reality With. That's where we're trying to go. . 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. our Subscriber Agreement and by copyright law. 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. . So, for every loser, we have a winner or, hopefully, two winners. degree from the Wharton School at the University of Pennsylvania. 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 has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. 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Earlier in his career, Mr. Altman co-founded Loopt, Inc., a provider of mobile location-based services, and served as its Chief Executive Officer until it was acquired by Green Dot Corporation in March 2012, after which he held a number of senior executive positions at Green Dot, including Executive Vice President, Mobile Products and Technology, through December 2013, and served as a member of its Board of Directors from March 2013 through April 2016. Ms. Clinton has been a director of Expedia Group since March 2017. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. Do they come into my room and clean it, or do they wear masks at the hotel?" or Mr. Peter M. 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