. All rights reserved. Co-Chief Executive Officer and Founder, Brex Inc. 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. How have company chiefs dealt with the coronavirus outbreak? Ms. Whalen began her career in public accounting with KPMG Peat Marwick. The latest news about online travel delivered weekly to your inbox. Mr. Diller served as the non-executive Chairman of the Board of Ticketmaster Entertainment, Inc. from 2008 to 2010, when it merged with Live Nation, Inc. to form Live Nation Entertainment, Inc. Mr. Diller served as the non-executive Chairman of the Board of Live Nation Entertainment, Inc. from January 2010 to October 2010 and was a member of its Board until January 2011. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. So, kudos to science and innovation and ingenuity. series is Peter Kern, CEO and. Im famously good at putting babies to sleep because of my grumbly voice, the Seattle-based travel boss says as we embark on a Zoom call to discuss his leadership strategies some 18 months later. from Boston College and an M.B.A. from St. John Fisher College. Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). Before joining Expedia Group, Gieselman served as Vice President of Marketing for Services at Apple, Inc., where he was responsible for the global marketing and sales functions for all Apple Services including businesses like the App Store, Apple Music, Apple News, Apple TV+ and Apple Card. No matter how smart you are you cant scale IQ points. 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. Michael began his career practicing law in New York and Mexico City within a variety of disciplines, including corporate transactions, civil litigation, intellectual property and employment law. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. 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. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. 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. Company is here to bring the world within reach for customers and partners around the globe. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. You have to create an environment where the team can deliver, he says. But Kern is bullish on peoples propensity to travel. Expedia, Inc., an Expedia Group company. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. . For cost savings, you can change your plan at any time online in the Settings & Account section. and a law degree from Pepperdine University. From August 2010 until 2017, Ms. Banerjee served in various roles at a predecessor of JBGS (JBG), including as a Principal in the Investments Group and a member of the Management Committee. Mr. Kern holds a B.S. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. 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. The next guest on the New Reality With. Discover Peter Kern's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. That includes $157 million in stock awards and $137 million in option awards. One of the companys new values is Choose Fearlessly. He said Expedia Group would make tech improvements to help Vrbo to take . From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. They want to. . All the data shows that. 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She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. degree from the Wharton School at the University of Pennsylvania. Expedia prepares for post-pandemic travel surge. Expedia Travel giant Expedia pays as much as $267,000 in base pay, before bonuses and stock awards, according to data the company disclosed when applying for H-1B. Kern says it was not about [taking] costs out because costs are evil and we want to make more money but arranging the group to be more efficient, adding if we do that the business will take care of itself. -- that's part of our bread and butter, and that's been fairly restricted. 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. . All Rights Reserved. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. . 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. Over the last 18 years, insiders at Expedia Inc have traded over $84,258,203 worth of Expedia Inc stock and bought 812,255 units worth $52,634,804 Prior to Gap,Rathiwas CIO for Enterprise Growth at American Express, where she managed end-to-end platform technology, infrastructure and operations for the suite of American Express pre-paid products. It was a precarious moment: Calls to the company's call. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off and has served as Vice Chairman of Expedia Group since June 2018. 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. Access exclusive travel research, data insights, and surveys. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Vrbo did great and continues to be super strong. The more you scale the more true that is, you cant be everywhere. Peter Kern is 52, he's been the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc since 2020. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. On average, Peter trades about 2,602 units every 74 days since 2005. 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?" But Europe will be the next-best market for us after the U.S., and after that, Latin America, then Asia-Pacific. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. Expedias rival Booking.com had higher profits and half the fixed cost base. feel like they are making a difference, he explains. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. It was certainly not my idea or [Dillers] that it would be me, he notes. Mr. Dzielak received his J.D. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. You may change or cancel your subscription or trial at any time online. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. No one wants to. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. One of his methods was sending out semi-regular videos from his wood-clad Seattle home. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . offers FT membership to read for free. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. On February 25, 2021, Expedia Group, Inc. (the "Company") entered into an Employment Agreement (the "Employment Agreement") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("Term"), after which Mr. Kern is expected to Gieselman served as a director of Expedia Group from December 2019 to May 2021. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Kerns total compensation in 2021 compared with $53.9 million for Booking Holdings Glenn Fogel, $7.67 million for Tripadvisors Steve Kaufer, and $132,000 for Airbnbs Brian Chesky. organisation commentary and analysis you can trust. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. 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