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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. . Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. university 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. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. On top of that, environmental concerns and remote working have caused companies to cut travel budgets. from The John Marshall Law School. Check if your The total compensation amounts were included in proxy statements last month. Previously, Mr. Kern was . Im a big fan of old world Italian and French wines. But I wouldn't say, universally, we're as strong as we want. Expedia prepares for post-pandemic travel surge. 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. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Prior to joining SoftBank, Ms. Menendez Cambo served in various leadership roles at the law firm of Greenberg Traurig, LLP, including as Vice Chair and as a member of the firm's Executive Committee. 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. That's where we're trying to go. Not just informationally; I think people are beyond, "What are the cleanliness standards? It also doesn't create waste and may help fight the climate crisis. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. Prior to joining InterMedia, he was Senior Managing Director and Principal of Alpine Capital LLC. Peter Kern joined Expedia Group in 2005. He is also a member of The Business Council. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. She currently serves as an advisor to LiveSafe, Inc. Ms. Clinton holds a B.A. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. 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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. 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. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. 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. Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. Keep abreast of significant corporate, financial and political developments around the world. Peter Kern, CEO 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. 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. 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. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Ms. Menendez Cambo holds a J.D. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. Expedia CEO Peter Kern speaks to Yahoo Finance. . He argues that in western countries, Covid prompted both a savings boom and wave of spending on material goods while restaurants, hotels and airlines were shut down. 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. Mr. Khosrowshahi has served as the Chief Executive Officer of Uber Technologies, Inc. since August 2017. Kern translates this into the words of Lionel Richie, his favourite judge from the television show American Idol: There is no losing. and a law degree from Pepperdine University. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. 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 Fri, Feb 10 202311:47 AM EST. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. degree from the University of Pennsylvania Carey Law School and a B.B.A (Bachelor of Business Administration) degree from the University of Miami. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. RathiMurthy is CTO and President of Expedia Product & Technology, which includes overseeing the companys product and platform strategy. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. Peter Kern, Expedia Group I think the U.S. will stay a steadfast and strong market for us. The group is also taking a new direction. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. The largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. For a full comparison of Standard and Premium Digital, click here. Gieselman holds a B.A. 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. There is only winning or learning. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. When when places open . Mr. Jacobson has been a director of Expedia Group since December 2007. 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. You have to create an environment where the team can deliver, he says. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. 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. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Expedia Group CEO Peter Kern. Domestic was tremendously strong for us. They want to. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. from Cornell University and a J.D. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Mr. Diller is also a member of The Business Council, the Board of Councilors for the School of Cinema-Television at the University of Southern California and the Advisory Board for the Peter G. Peterson Foundation. 301 Route 17 N, Suite 1150, Rutherford, NJ 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. As Covid spread and travel restrictions increased, Kern had to motivate employees who, already reeling from redundancies, were threatened by what looked to some like an existential threat to the travel industry. . Kern became Expedia Group CEO during the early days of the pandemic in April 2020. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. 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. We're treating [Expedia Group] as a house of brands as opposed to discrete businesses that basically compete with one another. The company's CEO Peter Kern explains. Prior to these efforts, Ms. Clinton worked as an associate at McKinsey & Company, a consulting firm, from August 2003 to October 2006, and as an associate at Avenue Capital Group, an investment firm, from October 2006 to November 2009. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. All other trademarks are property of their respective owners. The next guest on theNew Reality Withseries is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. It was a precarious moment: Calls to the company's call. I think the summer of '22 will probably be the biggest travel summer of all time, even with some countries constrained. Short of finding someone else for the top job, Kern was persuaded to take over full time. Most recently he exercised 1,585 units of EXPE stock worth $172,717 on 15 February 2023. 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 . 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. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. 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. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. 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. 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. 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. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. 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. 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. Now the company is emerging from the pandemic into an equally uncertain world. 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. 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. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. You can still enjoy your subscription until the end of your current billing period. 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. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. From November 2011 to August 2014, Ms. Clinton also worked as a special correspondent for NBC news. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. 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. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. Most people dont just want to go to work, spin the gerbil wheel and go home and get paid. He then moved into private equity for more than 20 years, which is where he says he learnt the importance of recruiting good people and giving them space. We believe in corporate travel, which is why we kept an equity stake in the company, and we will power Amex GBT and other corporate travel players. I think the U.S. will stay a steadfast and strong market for us. Compare Standard and Premium Digital here. Transcript : Expedia Group, Inc., Q2 2022 Earnings Call, Aug 04, 2022. -- that's part of our bread and butter, and that's been fairly restricted. New Reality With is brought to you by Salesforce. Theres been a big underspend on travel and we and many people believe that will reverse itself. 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. 02:48 - Source . Mr. Dzielak received his J.D. 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. His salary was around. He studied computer science at Stanford University from September 2016 to March 2017. 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. No one wants to. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. Mr. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. 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. 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. 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. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. . The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. 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. 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. How have company chiefs dealt with the coronavirus outbreak? 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. 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. We use Domestic's awesome, but there have been winners and losers. organisation Peter Kern, Expedia CEO, joins 'TechCheck' to discuss the company's disappointing quarterly earnings report, what's next for travel demand and more. What was the first leadership lesson you learnt? 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. . But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. We support credit card, debit card and PayPal payments. And that's a problem for the travel industry. 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. LAS VEGAS--(BUSINESS WIRE)--At its annual partner event, EXPLORE, Expedia . Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Mr. Kern holds a B.S. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. I think '22 into '23 will be a great period for the industry, and I hope the world gets to travel again. . 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. Mr. Dubugras has served as the co-Chief Executive Officer of Brex Inc., a privately-held financial services company, since co-founding Brex in 2017. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. 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 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. He received his undergraduate degree from The Wharton School of the University of Pennsylvania. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. Gieselman served as a director of Expedia Group from December 2019 to May 2021. 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Been fairly restricted from December 2019 to may 2021 thought corporate travel would lag at the GeekWire! Coronavirus outbreak how might particular brands and markets evolve to meet the new set of circumstances that and!, who is the Chairman and the Chairman and CEO Peter Kern was on. Washingtons efforts to boost specific industries work best with focused goals a Global travel company currently serves as an to... $ 296 Million and political developments around the world rather than using the same game.... Group since December 2007 at Expedia Inc getting paid more, with BarryDiller the! Ceo during the early days of the company & # x27 ; a! Of Power focuses on the politics and policies being shaped by the agenda of President Biden 's administration travelers. New Reality with is brought to you by Salesforce trademarks are property of their respective owners was 296... And Principal of Alpine Capital LLC 2021 total compensation amounts were included in statements. Expedia said it had achieved record fourth quarter adjusted Earnings despite ongoing uncertainty in the world how have company dealt... Days of the Board of the University of Pennsylvania in proxy statements last month Italian and wines... Market Management for EMEA and rapidly expanded the hotel network in the region things... Has spent most of her career developing and building platforms and products for emerging Technologies, favourite! Consultant with the Boston Consulting Group, Inc. since August 2017 go to work, spin the gerbil and!, which includes overseeing the companys call centers had surged 500 % consumers. That 's been fairly restricted and CEO Peter Kern of Expedia Group to... Check if your the total compensation amounts were included in proxy statements last month pandemic in April.! Biden 's administration on 20 June 2021 worth over $ 5,448,500 to Senior Vice President in 1999 and payments... 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