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

Then-CEO Mark Okerstrom of Expedia Group at the company’s Explore ’19 partner conference at the Venetian hotel in Las Vegas November 14, 2019. Okerstrom resigned a couple of weeks later. Adam Shane Productions / Expedia Group Skift Take: When you consider Mark Okerstrom’s performance, which will lead to a golden parachute substantially less than what … [Read more…]

What Barry Diller Told Anxious Expedia Workers About the Future

Barry Diller, shown here in an earlier photo, addressed Expedia workers at the Seattle headquarters on Dec. 19, 2019. JD Lascia / Flickr Skift Take: 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 … [Read more…]

Who Will Be Expedia’s New CEO?

Expedia Group senior executive Barry Diller is searching for a CEO to replace Mark Okerstrom. Diller is shown November 14, 2019 at the company’s partner conference in Las Vegas. Adam Shane Productions / Expedia Group Skift Take: Facing intense competition and a company in disarray, the Expedia Group board and senior executive Barry Diller have … [Read more…]

The Rise and Fall of Mark Okerstrom as Expedia CEO

A September 2017 photo by Expedia Group CEO Mark Okerstrom at a charity event with some workers who support the travel company’s more than 20 brands. Mark Okerstrom’s time as CEO of Expedia Group, which ended abruptly Wednesday after merely two years. Here’s a recap of Okerstrom’s tenure. Expedia Group Skift Take: Mark Okerstrom’s time … [Read more…]

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

Shown here is a photo of Mark Okerstrom Expedia Group CEO and President speaking on-Stage at Skift Global Forum in New York on Thursday. Skift Skift Take: 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 … [Read more…]

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

Mark Okerstrom, the CEO of Expedia Group, believes his company has lots of tools to be a winner in accommodations. Adam Shane Productions / Expedia Group Skift Take: 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 … [Read more…]