He is also a member of The Business Council. 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. 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. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. -- that's part of our bread and butter, and that's been fairly restricted. Standard Digital includes access to a wealth of global news, analysis and expert opinion. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . Leisure has, weirdly, started to replace business in the front of the plane. 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. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Prior to joining Fox, Inc., Mr. Diller served for ten years as Chairman of the Board and Chief Executive Officer of Paramount Pictures Corporation. Airbnb had $4.8 billion. She most recently served as CTO for Verizon Media. We think that generates a huge amount of opportunity for our B2C and B2B businesses. Julie Whalen is Executive Vice President and Chief Financial 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. We use He said Expedia Group would make tech improvements to help Vrbo to take . Mr. von Furstenberg has been a director of Expedia Group since December 2015. There is only winning or learning. From March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. You have to create an environment where the team can deliver, he says. Domestic was tremendously strong for us. Expedia, Inc., an Expedia Group company. Gieselman holds a B.A. All rights reserved. Expedia, Expedia Group, 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. . 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. "I don't see [the metaverse] as a competitive threat . 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. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. That its OK to make mistakes. What was the first leadership lesson you learnt? 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. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. You can still enjoy your subscription until the end of your current billing period. How have company chiefs dealt with the coronavirus outbreak? All this change creates traveler pain and also creates company pain because you've got to service customers, and they're needing service at much more elevated levels. What will ChatGPT mean for the travel industry? 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. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Previously, Mr. Kern was . 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Co-Chief Executive Officer and Founder, Brex Inc. All Rights Reserved. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. from New York University. They want to. You may change or cancel your subscription or trial at any time online. He studied computer science at Stanford University from September 2016 to March 2017. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Domestic was tremendously strong for us. Compare Standard and Premium Digital here. In addition to the philanthropic work accomplished through his position as a director of The Diller-von Furstenberg Family Foundation, Mr. von Furstenberg also serves on the Board of Directors of Friends of the High Line. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. As Expedia Groups EVP and CFO, Ms. Whalen leads the Companys global finance organization and financial activities including accounting, corporate development, financial reporting and analysis, internal audit, investor relations, real estate, tax, and treasury. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. degree from the Wharton School at the University of Pennsylvania. Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. And that's a problem for the travel industry. 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. That ability to fail and realise its not life threatening is an important life lesson. 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. In addition, he makes $1,924,500 as Chief Executive Officer and Vice Chairman of the Board at Expedia Inc. Peter has made over 40 trades of the Expedia Inc stock since 2006, according to the Form 4 filled with the SEC. We were never purpose-built that way -- we had a bunch of stacks that did their own things. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. Email*. degree from the Wharton School at the University of Pennsylvania. from Cornell University and a J.D. 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. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Mr. Kern has spent decades in leadership roles in public and private settings. Earlier in his career, Mr. Dubrugas founded EduqueMe, an educational crowdfunding company, and Estudar nos EUA, a company aimed at disseminating information about study-abroad opportunities. New York City got totally killed, but Hawaii was awesome, Florida was awesome. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. 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. Dolgen holds a B.S. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. degree from the Wharton School at the University of Pennsylvania. Expedia burned through cash in issuing refunds. Short stories and posts about the daily news happenings across the travel industry. 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. For non-personal use or to order multiple copies, please contact 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. Expedia is planning for a boom in travel as more people get vaccinated. Ms. Menendez Cambo holds a J.D. 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 I knew how to deal with all the investors. Why? 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. Now we're rebuilding from the bottom up to scale to the world and really serve partners and get customer traveler innovation much more quickly. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. 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