Expedia Group Vice Chairman and CEO Peter Kern’s 2021 total compensation was $296 million.
That includes $157 million in stock awards and $137 million in option awards. His salary was around $850,000. The stock and option awards represent the fair value at the grant date, and won’t necessarily be the actual value when the awards vest.
Kern’s total compensation in 2021 compared with $53.9 million for Booking Holdings’ Glenn Fogel, $7.67 million for Tripadvisor’s Steve Kaufer, and $132,000 for Airbnb’s Brian Chesky.
Chesky had a nice pay day — on paper like Kern’s — for 2020, namely $120 million, and Kaufer’s total compensation announced in 2013 was $39 million.
Kern became Expedia Group CEO during the early days of the pandemic in April 2020. He has been vice chairman since 2018, and a board member since 2005.
When it comes to the ratio of the CEO’s salary to median employee compensation, excluding the CEO’s compensation, at each company, Expedia’s was 2,897 to 1; Booking’s was 931 to 1; Tripadvisor’s was 76 to 1; and Airbnb’s was .65 to 1.
The total compensation amounts were included in proxy statements last month.
Online Travel CEO Compensation 2021
|Peter Kern||Expedia||$296,000,000||2,897 to 1|
|Glenn Fogel||Booking Holdings||$53,900,000||931 to 1|
|Stephen Kaufer||Tripadvisor||$7,670,000||76 to 1|
|Brian Chesky||Airbnb||$132,000||.65 to 1|