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?" New York City got totally killed, but Hawaii was awesome, Florida was awesome. What was the first leadership lesson you learnt? The most active insiders traders include Group, Inc. 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 . In February 2020, Kern oversaw 3,000 redundancies about 12 per cent of Expedias headcount and streamlined the sprawling group, which had accumulated an array of brands including Trivago and Hotels.com. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Airbnb had $4.8 billion. 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. Ms. Menendez Cambo holds a J.D. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Mr. Kern has spent decades in leadership roles in public and private settings. from The John Marshall Law School. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. It was certainly not my idea or [Dillers] that it would be me, he notes. Kern says his staff needed ongoing love. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Premium access for businesses and educational institutions. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. All the data shows that. 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. Mr. Kern has spent decades in leadership roles in public and private settings. South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors Not just informationally; I think people are beyond, "What are the cleanliness standards? Kern became Expedia Group CEO during the early days of the pandemic in April 2020. Simply log into Settings & Account and select "Cancel" on the right-hand side. The latest news about online travel delivered weekly to your inbox. In this role, he leads the people and culture strategy for the company, including attracting and retaining talent, creating an inclusive and diverse workplace, and continuously improving the employee experience. 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. I think people are figuring out how to protect themselves and deal with their own risks. Before joining JBG, Ms. Banerjee worked at the Blackstone Group, focusing primarily on hotel, office, and senior living acquisitions, and at Citigroup in its investment banking division. He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. 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. Check if your 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. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. We're also pushing on the brand front. "I don't see [the metaverse] as a competitive threat . To weather the downturn, it scrambled to .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}raise about $4 billion in capital last spring. There is only winning or learning. 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. Peter Kern, CEO of 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. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. 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. While at Williams-Sonoma, Ms. Whalen built deep financial expertise while driving meaningful shareholder returns and success in a global retail environment across multiple brands and channels. That its OK to make mistakes. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. The group is also taking a new direction. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. 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. Ms. Clinton has been a director of Expedia Group since March 2017. 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. This copy is for your personal, non-commercial use only. 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. Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. All Rights Reserved. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 301 Route 17 N, Suite 1150, Rutherford, NJ 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. That ability to fail and realise its not life threatening is an important life lesson. 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. Mr. Dolgen is a director emeritus of Expedia Group, having served as a director of the company from the IAC/Expedia Group Spin-Off through June 2019. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. No matter how smart you are you cant scale IQ points. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. Email*. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. Expedia prepares for post-pandemic travel surge. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Rathialso currently sits on the board of directors for PagerDuty. 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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. Before joining Fox, Mr. Diller served for 10 years as the Chairman and Chief Executive of Paramount Pictures Corporation. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. 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. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. offers FT membership to read for free. In a matter of months, the former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. His salary was around $850,000. You have to create an environment where the team can deliver. Nayarit has a lot to offer luxury travelers, Nevada's congressional delegation reacts to Biden's 'Junk Fee' proposal, Giada De Laurentiis and Oceania Cruises, a delicious combination, Despite an energy crisis, lights are staying on for South Africa's tourists, Uniworld Boutique River Cruise Collection, Executive view 2022: Peter Kern of Expedia Group, Executive view for 2022: Stephanie Linnartz of Marriott International, Executive view for 2022: Orlando Ashford of Azamara, Executive view 2022: Becky Powell, Global Travel Collection. 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. Expedia CEO Peter Kern speaks to Yahoo Finance. Gieselman holds a B.A. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE . He said Expedia Group would make tech improvements to help Vrbo to take . 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. We're trying to play offense into what we think will be a recovery. Peter Kern joined Expedia Group in 2005. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. Why? From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Leisure has, weirdly, started to replace business in the front of the plane. 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. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. Stay informed and spot emerging risks and opportunities with independent global reporting, expert You can see the complete history of Mr. Kern stock trades at the bottom of the page. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Since July 2004, Mr. Dolgen has been a private investor. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. from Boston College and an M.B.A. from St. John Fisher College. 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. 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. We support credit card, debit card and PayPal payments. 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. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. cookies 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. What would you do if you were not a chief executive? Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. 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. His salary was around. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. Expedia burned through cash in issuing refunds. 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. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. personalising content and ads, providing social media features and to Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. 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. Gato Investments LP, managed by InterMedia Advisors, LLC completed the acquisition of remaining stake in Hemisphere Media Group, Inc. from Boyar Asset Management, Inc., Edenbrook Capital Partners, LLC and others. 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. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. 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. Mr. Khosrowshahi served as the Chief Executive Officer of IAC Travel, a division of IAC, from January 2005 to the IAC/Expedia Group Spin-Off date. What will ChatGPT mean for the travel industry? All rights reserved. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. 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. We use And that's a problem for the travel industry. 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