Articles tagged “mark okerstrom”

Expedia’s Payout to Its Ousted CEO Could Be Nearly $12 Million

Expedia’s Payout to Its Ousted CEO Could Be Nearly $12 Million

Seth Borko and Dennis Schaal, Skift

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.

4 weeks ago

What Barry Diller Told Anxious Expedia Workers About the Future

What Barry Diller Told Anxious Expedia Workers About the Future

Dennis Schaal, Skift

Expedia Group Chairman Barry Diller flew to Seattle to rally the troops. His message to all the employees around the world was, in essence, the sun will rise tomorrow at the travel giant. Impatient investors aren't quite as sure.

1 month ago

Who Will Be Expedia’s New CEO?

Who Will Be Expedia’s New CEO?

Dennis Schaal, Skift

Facing intense competition and a company in disarray, the Expedia Group board and senior executive Barry Diller have no time to dillydally. No one can forecast what the online travel market will look like in the next five years, but Diller et al need to find a couple of top executives who can quickly figure out Expedia's path forward.

1 month ago

The Rise and Fall of Mark Okerstrom as Expedia CEO

The Rise and Fall of Mark Okerstrom as Expedia CEO

Sean O'Neill, Skift

Mark Okerstrom’s time as CEO of Expedia Group ended abruptly Wednesday after merely two years. Here’s a recap of Okerstrom’s tenure and why controlling investor Barry Diller felt Okerstrom failed to keep an eye on the ball.

2 months ago

Expedia CEO Is Unfazed by Airbnb’s Growing Vacation Rental Lead

Expedia CEO Is Unfazed by Airbnb’s Growing Vacation Rental Lead

Sean O'Neill, Skift

Mark Okerstrom, the chief of Expedia Group, has high hopes for his recently rebranded homesharing unit Vrbo. But as competition intensifies in the segment, we're wondering if we'll be describing Vrbo (pronounced "VER-boh") using active verbs or passive ones.

4 months ago

Skift Global Forum Preview: Expedia CEO Plays the Long Game in Short-Term Rentals

Skift Global Forum Preview: Expedia CEO Plays the Long Game in Short-Term Rentals

Dennis Schaal, Skift

Is Airbnb going to eat Expedia's lunch? The brand name Vrbo, really? Expedia CEO Mark Okerstrom faces some real challenges as the online travel agency pecking order will likely be disrupted in coming years.

4 months ago