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Airlines
It's little surprise that the CEO of most America's most financially sound big airline, Ed Bastian of Delta, was also the highest paid. But how does he stack up to his peers?
Edward Russell | 2 years ago
News Blog
It's a holiday weekend in the U.S. so what better time to break up the monotony of barbecues and beach, and burrow into a Securities and Exchange Commission filing about the pending SPAC debut Tuesday of American Express Global Business Travel. Among the takeaways: The merger of Apollo Strategic Growth Capital and Amex GBT will…
Dennis Schaal | 2 years ago
Online Travel
Given the challenges that Tripadvisor faces to better monetize its assets and to craft a new strategy, the company needed to woo a new CEO with a decent compensation package, which it did.
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…
Booking Holdings was obviously not going to rescind the executive bonuses, and needs decent relations with both the Dutch government and its employees in the Netherlands, where Booking.com is headquartered. The company did the right thing, albeit under pressure.
Toby Sterling and Anthony Deutsch, Reuters | 3 years ago
Booking Holdings hired a new marketing chief in 2019 because it knew that its brand marketing in the U.S. was falling short, particularly against household name Expedia. Booking is pivoting to address shortcomings, realizing finally you can't keep kicking the can down the road with basically the same strategy.
Dennis Schaal, Skift | 4 years ago
Coronavirus
Government relief or not, if a substantial coronavirus recovery doesn't take shape by June, it's hard to believe that Booking Holdings won't execute substantial layoffs like everyone else. Perhaps the crisis, too, will spur new discussions about enormous pay gaps between CEOs and their workers.
When you consider Mark Okerstrom's performance, which will lead to a golden parachute substantially less than what might have been, he can take a bunch of blame — but not for everything. The integration of the Vrbo acquisition was clearly messed up, as was the reorganization. Conversely, he inherited a very tough competitive environment.
Seth Borko and Dennis Schaal, Skift | 4 years ago
Tourism
Amadeus’ Luis Maroto came out on top in 2018. His executive compensation is appropriate, given that the company is the most valuable European travel firm.
Patrick Whyte, Skift | 5 years ago
The CEOs of Booking Holdings, Expedia Group, and TripAdvisor all saw their total compensation fall in 2018, but only because 2017 was an exceptional year for each. Glenn Fogel of Booking and Mark Okerstrom of Expedia were each appointed as CEO in 2017, and Steve Kaufer of TripAdvisor received a long-term incentive award that was undoubtedly the envy of his peers.
Dennis Schaal, Skift | 5 years ago
