Dara Khosrowshahi has come a long way since being forced to flee his home at the age of nine, and now he’s laughing all the way to the bank. That’s because the now 46-year-old Iranian American, who has been the chief executive of Expedia since 2005, just raked in a whopping $125 million.
There is one catch - in order to bank part ($1.4m) of his package, he must grow Expedia’s stock price to $223 by September 2020, up from $152 currently. This is considered a fairly modest growth, though the online travel market is currently a challenging one.
Since he has been at the helm of the company Mr Khosrowshahi has spearheaded enormous growth that has seen Expedia become one of the world’s largest online travel companies. It now operates more than 150 travel booking sites in more than 70 countries, including the brands Expedia, Hotels.com, Orbitz Worldwide, Hotwire, Travelocity and Wotif Group.
“Dara Khosrowshahi has been a transformational CEO,” said Expedia spokeswoman Sarah Gavin. “His leadership has elevated the company into a global leader in the online-travel market, and he continues to guide the organisation 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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