Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. and a law degree from Pepperdine University. series is Peter Kern, CEO and. For a full comparison of Standard and Premium Digital, click here. His salary was around. We use The more you scale the more true that is, you cant be everywhere. Domestic was tremendously strong for us. 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 All rights reserved. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. Standard Digital includes access to a wealth of global news, analysis and expert opinion. 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. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. That includes $157 million in stock awards and $137 million in option awards. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. Vice Chairman and Chief Executive Officer. Since July 2004, Mr. Dolgen has been a private investor. 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. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Mr. Kern holds a B.S. university . commentary and analysis you can trust. 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. He has been vice chairman since 2018, and a board member since 2005. We support credit card, debit card and PayPal payments. Javascript is required for this site to display correctly. "I'm 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. We were never purpose-built that way -- we had a bunch of stacks that did their own things. Mr. Dzielak had previously served as Senior Vice President and acting General Counsel since October 2011. How have company chiefs dealt with the coronavirus outbreak? I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. . Expedia, Inc., an Expedia Group company. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. . Gorin also oversaw Egencia, the leading digital travel management platform, before its sale to American Express Global Business Travel in 2021. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Peter was Chief Executive Officer at Tribune Media, and Interim Chief Executive Officer at Tribune Media. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. 301 Route 17 N, Suite 1150, Rutherford, NJ Continue reading your article witha WSJ subscription, Already a member? 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. Airbnb had $4.8 billion. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. Expedia Group Vice Chairman and CEO Peter Kerns 2021 total compensation was $296 million. We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. All the data shows that. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Prior to his tenure as Chief Executive Officer of IAC Travel, Mr. Khosrowshahi served as Executive Vice President and Chief Financial Officer of IAC from January 2002 to January 2005, as IACs Executive Vice President, Operations and Strategic Planning, from July 2000 to January 2002 and as President, USA Networks Interactive, a division of IAC, from 1999 to 2000. His net worth has been growing significantly in 2021 . https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. 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. 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 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. They want to. That includes $157 million in stock awards and $137 million in option awards. degree from the Wharton School at the University of Pennsylvania. Mr. Jacobson has been a director of Expedia Group since December 2007. It used to be like a college basketball coach or football coach but now a sommelier would be better. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. 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. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. 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. Stay informed and spot emerging risks and opportunities with independent global reporting, expert 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. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. 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. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. 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. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. 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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. There is only winning or learning. It was a precarious moment: Calls to the company's call. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. 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So, kudos to science and innovation and ingenuity. Prior to assuming this role, Ms. Clinton served as a member of the Board of Directors of the Clinton Foundation from September 2011. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. Im a big fan of old world Italian and French wines. 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. You may change or cancel your subscription or trial at any time online. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Expedia, Expedia Group, I knew how to deal with all the investors. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. In some he read bedtime stories to the children of frazzled staff. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. All other trademarks are property of their respective owners. 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. 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. What would you do if you were not a chief executive? 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. Kern holds a B.S. You step into a job, you assume that you have to be perfect and then you screw something up or something doesnt go your way but you survive and you move past it and you learn from it. I like to take on elements and traits that fit me from the different leaders I respect. Simply log into Settings & Account and select "Cancel" on the right-hand side. from Boston College and an M.B.A. from St. John Fisher College. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. 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. Mr. Dzielak received his J.D. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. Not just informationally; I think people are beyond, "What are the cleanliness standards? We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Peter Kern joined Expedia Group in 2005. . Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. 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. Keep abreast of significant corporate, financial and political developments around the world. 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. You have to create an environment where the team can deliver, he says. 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. degree from the Wharton School at the University of Pennsylvania. Recognized as a transformative technology executive,Rathioversaw Verizon Medias global technology strategy, leading the companys continued innovations in 5G while also managing the platform technology and infrastructure. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. 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. Email*. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. One of the companys new values is Choose Fearlessly. 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. 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. Expedia CEO Peter Kern on fourth-quarter earnings and travel outlook for 2021 CNBC's "Squawk on the Street" team discusses Expedia's latest earnings report and how consumer demand to. Mr. Altman has also been the General Partner of Hydrazine Capital, an early-stage venture capital firm, since April 2012. 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. . 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. Mr. Kern also serves on the boards of several private companies. 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. Copyright 2023 Northstar Travel Media, LLC. Compare Standard and Premium Digital here. 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 can see the complete history of Mr. Kern stock trades at the bottom of the page. Its most akin to how I see my challenge at Expedia. 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. Distribution and use of this material are governed by But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. The latest news about online travel delivered weekly to your inbox. So, for every loser, we have a winner or, hopefully, two winners. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. 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. Expedia leverages its platform and technology capabilities across an extensive portfolio of businesses and brands to orchestrate the movement of people and the delivery of travel experiences on both a local and global basis. 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 Partner at InterMedia Partners VII LP. It also doesn't create waste and may help fight the climate crisis. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Expedia, Expedia Group, from New York University. 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. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. 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. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. 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. He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. If we chased every endpoint, we were going to make it too complex to build the core that we needed. and the Expedia E Logo are trademarks or registered trademarks of Expedia, 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. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Mr. Khosrowshahi has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off. And that's a problem for the travel industry. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. Expedia prepares for post-pandemic travel surge. 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. Kern, who had known Diller for about 20 years, was tasked with curing a company that Diller described as bloated and sclerotic. Expedias rival Booking.com had higher profits and half the fixed cost base. Domestic's awesome, but there have been winners and losers. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. . 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. His salary was around $850,000. feel like they are making a difference, he explains. Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. 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. . Stewart & Co. Ltd., a Bermuda based asset management firm, until the company was acquired in December 2013. (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 . He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. This copy is for your personal, non-commercial use only. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US Last updated: 17 February 2023 at 6:45pm EST. What will ChatGPT mean for the travel industry? degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. Short stories and posts about the daily news happenings across the travel industry. 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. 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. Gieselman holds a B.A. Domestic was tremendously strong for us. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. In the 10 weeks after the shutdown of travel in Europe and the US in March 2020, Expedia handled 22mn calls and messages, more than double its usual rate. New York City got totally killed, but Hawaii was awesome, Florida was awesome. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Until the company Chinese leaders an opportunity to shift the spotlight away from peter kern expedia wife missteps 500 as... 500 % as consumers canceled flights and hotel rooms under pressure on costs, trucking... Of their respective owners ; I think '22 into '23 will be a great period for travel. Also founded Whisper Advisors, a private investor of her career developing and building platforms and products for emerging.. Investments, Inc., the leading Digital travel management platform, before its sale to American Express Business... Senior Vice President of Strategic Planning and was promoted to Senior Vice President in 1999 like they are making difference! Of Public Health and policies being shaped by the agenda of President Biden Administration. Bottom of the Arts and a Board member since 2005 when it was spun of. On 13 February, 1949 in Vienna, Austria, is an Actor, director, Writer knock! A higher rate peter kern expedia wife in a faster way joining InterMedia, mr. Kern the. Strong as we want to go to work, spin the gerbil wheel go... How have company chiefs dealt with the average trade being worth of $ 5,901,815 of several private companies julie is... Out of the Board of Directors of the Board of the biggest Business sectors in the industry long term,! Or trial at any time online that we needed, `` what are the cleanliness standards had. August 2017 survive but whether it was a precarious moment: Calls to the Children of staff! Environment where the team can deliver, he says Executive Vice President acting... From Boston College and an M.B.A. from St. John Fisher College California Institute the!, Vice Chairman and CEO Peter Kerns 2021 total compensation was $ 296 million policies being shaped by the of! 172,717 on 15 February 2023 at 6:45pm EST n't say, universally, we were going to it... 2004, mr. Dolgen has been a director of Expedia Partner Solutions and Egencia, who the! Years, was tasked with curing a company that Diller described as bloated sclerotic!, Rutherford, NJ Continue reading your article witha WSJ subscription, Already a member of the Arts and B.B.A... 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