Expedia chief earned $125 million during 2015 financial year
the chief executive of travel giant Expedia INC, has earned a whopping $125 million in compensation during 2015 financial year.
Khosrowshahi, who is 46 years old Iranian American, had joined the Washington-based company in 2005. His total compensation of $125 million was disclosed in the annual report released by the company for the 2015 financial year. Most of the compensation is from 2.7 million stock options with a combined value of $109 million with a period of five-and-a-half years.
In order to be able to claim the stock options, he has to meet a condition of growing Expedia's stock price to $223 by September 2020 from $152 at present. This growth rate is considered a modest growth for the time period but some say that the global tourism industry is facing pressure in the current market situation.
Since joining the company, Mr Khosrowshahi has brought enormous growth to the travel giant, He has led the company to become the one of the largest online travel companies in the world. the company now operates more than 150 travel booking sites in more than 70 countries and its brands include Expedia, Hotels.com, Orbitz Worldwide, Hotwire, Travelocity and Wotif Group.
Sarah Gavin, a company spokeswoman said, "Dara Khosrowshahi has been a transformational CEO. His leadership has elevated the company into a global leader in the online-travel market, and he continues to guide the organization along a growth trajectory that provides extraordinary value to investors and suppliers, as well as to customers and employees and the wider travel marketplace."
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