I think the U.S. will stay a steadfast and strong market for us. His salary was around. I was very good at putting my own sons to sleep that way.. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. Expedia, Expedia Group, He serves on the boards of The Coca-Cola Company and MGM Resorts International. It was certainly not my idea or [Dillers] that it would be me, he notes. We think that generates a huge amount of opportunity for our B2C and B2B businesses. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. . Gieselman holds a B.A. 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. Expedia, Inc., an Expedia Group company. All other trademarks are property of their respective owners. But I wouldn't say, universally, we're as strong as we want. 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. Since July 2004, Mr. Dolgen has been a private investor. . Now the company is emerging from the pandemic into an equally uncertain world. The company's CEO Peter Kern explains. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. She most recently served as CTO for Verizon Media. 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. 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. 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 . When when places open . 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. 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. 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. 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. Peter served as Director at Expedia Group. offers FT membership to read for free. Staff were dealing with a torrent of anguished customer phone calls as they tried to cancel and get refunds for trips. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. You can see the complete history of Mr. Kern stock trades at the bottom of the page. All rights reserved. Part of his efforts to make Expedia more competitive has been to push decision making down the ranks and allow people to make their own choices. It used to be like a college basketball coach or football coach but now a sommelier would be better. 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. 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. 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. I think people are figuring out how to protect themselves and deal with their own risks. What will ChatGPT mean for the travel industry? We support credit card, debit card and PayPal payments. Mr. Kern holds a B.S. degree from the Wharton School at the University of Pennsylvania. What would you do if you were not a chief executive? Mr. Jacobson is a member of the Board of Directors of Charter Communications, Inc., Tribune Media Company, Oaktree Specialty Lending Corporation and Oaktree Strategic Income Corporation. Mr. Khosrowshahi worked at Allen & Company LLC from 1991 to 1998, where he served as Vice President from 1995 to 1998. 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. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. 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. 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. 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. "I'm famously good at putting babies to sleep. That its OK to make mistakes. 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. 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. . 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. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. 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. Everyone has bought enough stuff, he says. 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. If they don't need to talk to a person and they can get a quick, easy answer to their problem, they're happier. 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. CEO Peter Kern told an investor conference Monday that Vrbo would be the last of its . In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. Ms. Menendez Cambo holds a J.D. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Kern says his staff needed ongoing love. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. Mr. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. It also doesn't create waste and may help fight the climate crisis. Big-ticket items such as holidays look a risky bet. Continue reading your article witha WSJ subscription, Already a member? Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Expedia family of travel brands includes: Brand Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Egencia, trivago, HomeAway, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, Expedia Local Expert, CarRentals.com, Expedia CruiseShipCenters, Classic Vacations, Traveldoo, VacationRentals.com and SilverRail. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Expedia Group CEO, Peter Kern on stage at EXPLORE 22 (Photo: Business Wire) May 04, 2022 04:15 PM Eastern Daylight Time. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. 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. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. 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. 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. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. (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 . Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Booking.com looks to expand vacation rental, flight options, Magpie launches new tool for tour operators built on ChatGPT, WestJet to trial Zamna technology to accelerate passenger check-in, ITB Berlin returns in-person for first time since 2019, How travel pros can embrace new traveler expectations, What agencies need to know about future travel retailing, Travel agencies embrace a virtual future for B2B payments, The case for tours and activities as the "loyalty ancillary", VIDEO: Chargeback Gurus on tackling rising chargebacks in travel, Video: Meta on how travel brands can use Facebook, Instagram and WhatsApp, Video: Allianz Partners on tapping into consumer trends, Optimizing payments for online travel agents to boost their business, Kiwi.com prepares for growth in 2023 with new brand identity. As president of Expedia for Business, Ariane Gorin is responsible for Expedia Groups global B2B business covering an ecosystem of travel suppliers, organizations that advertise on the Expedia Group platform, and partners that are powered by Expedia Group technology. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. They want to. You can still enjoy your subscription until the end of your current billing period. Expedia, Expedia Group, Michael began his journey with Expedia Group in 2020 as Chief Inclusion and Diversity Officer. 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. Expedias rival Booking.com had higher profits and half the fixed cost base. Company is here to bring the world within reach for customers and partners around the globe. 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. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. All Rights Reserved. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. 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. 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.