Expedias then-management blamed the encroachment of Google into travel booking but its chair, the media mogul Barry Diller, said the business had become all play and no work. He has been vice chairman since 2018, and a board member since 2005. Access exclusive travel research, data insights, and surveys. Standard Digital includes access to a wealth of global news, analysis and expert opinion. offers FT membership to read for free. Airbnb had $4.8 billion. Short of finding someone else for the top job, Kern was persuaded to take over full time. Ms. Banerjee has served as Chief Financial Officer of JBG Smith Properties (JBGS), a NYSE-listed real estate investment trust, since December 2020. Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Chief Executive Officer, Uber Technologies, Inc. Deputy General Counsel, SoftBank Group International. from Stanford, an MPH from Columbias Mailman School of Public Health and both an MPhil and a Doctorate in International Relations from Oxford University. He started out on the finance side of business, first meeting Diller when he headed up the finance department at the TV station Home Shopping Network. The group is also taking a new direction. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Kern became Expedia Group CEO during the early days of the pandemic in April 2020. . Ms. Clinton has also served as a member of the Board of Directors of the Clinton Health Access Initiative since September 2011. Expedia CEO Peter Kern on fourth-quarter earnings and travel outlook for 2021 CNBC's "Squawk on the Street" team discusses Expedia's latest earnings report and how consumer demand to. Domestic was tremendously strong for us. As CEO of the fourth largest credit union in the United States, she is responsible for all aspects of leading an organization with more than 1.3 million members and $30.2 billion in assets. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. "I don't see [the metaverse] as a competitive threat . Im a big fan of old world Italian and French wines. I think there are still a fair number of antiquated rules and processes that just make it harder than it needs to be. He also managed labor relations for Telemundo Network, Studio, International, cable operations, and owned and operated stations throughout the U.S. and Puerto Rico. Prior to. Peter M Kern, Expedia Group Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Surveillance Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz. And that's a problem for the travel industry. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Premium access for businesses and educational institutions. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. He was inducted into the American Advertising Federations Hall of Achievement in 2009 and is the winner of 28 Cannes Lions. Mr. Kern served on the board of directors of Tribune Media Company from October 2016 through the completion of Tribune Medias merger with Nextstar Media Group, Inc. in September 2019, and served as Tribune Medias Chief Executive Officer from March 2017 through September 2019. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. All rights reserved. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off and has served as Vice Chairman of Expedia Group since June 2018. Mr. Jacobson also founded Whisper Advisors, a boutique investment banking/advisory company. Not just informationally; I think people are beyond, "What are the cleanliness standards? There could be bumps in business travel and other kinds of travel, but next summer, if this summer was any indication, will be gangbusters and, hopefully, the beginning of the end in terms of Covid's impact on travel. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Kern has needed a measure of calm throughout the two years he has been Expedias chief executive. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Important questions for industry leaders to address in troubled times for one of the biggest business sectors in the world. A sharper-than-expected expansion of activity offers Chinese leaders an opportunity to shift the spotlight away from pandemic missteps. Peter Kern, CEO of Expedia Group. . Kerns total compensation in 2021 compared with $53.9 million for Booking Holdings Glenn Fogel, $7.67 million for Tripadvisors Steve Kaufer, and $132,000 for Airbnbs Brian Chesky. https://www.wsj.com/articles/travel-boom-coming-expedia-ceo-says-hotels-will-come-screaming-back-11618664400. They want to. I was very good at putting my own sons to sleep that way.. His salary was around $850,000. Mr. Khosrowshahi also served as director of TripAdvisor, Inc., from the TripAdvisor Spin-Off until February 2013 and The New York Times Company from May 2015 to September 2017. No one wants to. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart He received his undergraduate degree from The Wharton School of the University of Pennsylvania. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. We had this moment where the U.S. opened, and now it's a little clumsy again. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. Mr. Kern holds a B.S. This copy is for your personal, non-commercial use only. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. series is Peter Kern, CEO and vice chairman at Expedia Group, one of the world's largest online travel companies. The stock and option awards represent the fair value at the grant date, and wont necessarily be the actual value when the awards vest. Big-ticket items such as holidays look a risky bet. Compare Standard and Premium Digital here. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. Now, there is one centralised marketing hub working on all the Expedia brands. Vrbo did great and continues to be super strong. Since joining the Company as Assistant General Counsel in April 2006 and through his service as Vice President and Associate General Counsel between February 2007 and October 2011, Mr. Dzielak held primary responsibility for the worldwide litigation portfolio of the Company and its brands. . As Expedia Groups EVP and CFO, Ms. Whalen leads the Companys global finance organization and financial activities including accounting, corporate development, financial reporting and analysis, internal audit, investor relations, real estate, tax, and treasury. Previously Gorin was President of Expedia Business Services which comprised of Expedia Partner Solutions and Egencia. Beverlys core areas of focus include strategy development and sustainable growth, overseeing daily operational activities, and fostering BECUs culture of promoting the financial well-being of its members and communities. 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Distribution and use of this material are governed by Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. Chairman & Sr. Exec.. Peter's mailing address filed with the SEC is C/O EXPEDIA GROUP, INC., 1111 EXPEDIA GROUP WAY W., SEATTLE, WA, 98119. What was the first leadership lesson you learnt? Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. On average, Peter trades about 2,602 units every 74 days since 2005. Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing Its most akin to how I see my challenge at Expedia. Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. I believe cities will come back, of course, and will be beneficiaries of international travel again. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. Mr. Diller served as the non-executive Chairman of the Board of Ticketmaster Entertainment, Inc. from 2008 to 2010, when it merged with Live Nation, Inc. to form Live Nation Entertainment, Inc. Mr. Diller served as the non-executive Chairman of the Board of Live Nation Entertainment, Inc. from January 2010 to October 2010 and was a member of its Board until January 2011. Javascript is required for this site to display correctly. Her expertise lies in her ability to manage engineering teams and drive change. Mr. Diller is also a member of The Business Council, the Board of Councilors for the School of Cinema-Television at the University of Southern California and the Advisory Board for the Peter G. Peterson Foundation. The latest news about online travel delivered weekly to your inbox. Expedia prepares for post-pandemic travel surge. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. All Rights Reserved. Gieselman holds a B.A. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Before joining Expedia Group, Gieselman served as Vice President of Marketing for Services at Apple, Inc., where he was responsible for the global marketing and sales functions for all Apple Services including businesses like the App Store, Apple Music, Apple News, Apple TV+ and Apple Card. Mr. Kern has spent decades in leadership roles in public and private settings. What would you do if you were not a chief executive? Expedia Group CEO Peter Kern. Co-Chief Executive Officer and Founder, Brex Inc. 02:48 - Source . In February this year, Expedia said it had achieved record fourth quarter adjusted earnings despite ongoing uncertainty in the travel industry. I knew how to deal with all the investors. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. But trying to be all things was slowing down our company. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. . Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. Michael began his career practicing law in New York and Mexico City within a variety of disciplines, including corporate transactions, civil litigation, intellectual property and employment law. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. She currently serves as an advisor to LiveSafe, Inc. 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During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. How have company chiefs dealt with the coronavirus outbreak? Previously, Mr. Kern was . That ability to fail and realise its not life threatening is an important life lesson. One of the companys new values is Choose Fearlessly. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. . You have to create an environment where the team can deliver, he says. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. Mr. Dzielak has served as Expedia Groups Chief Legal Officer and Secretary since March 2018, previously serving as its Executive Vice President, General Counsel and Secretary since April 2012. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. Simply log into Settings & Account and select "Cancel" on the right-hand side. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. She is also an Art of Living Teacher and has a passion to help spread peace in the community. cookies On February 25, 2021, Expedia Group, Inc. (the "Company") entered into an Employment Agreement (the "Employment Agreement") with Peter Kern, the Company's Chief Executive Officer and Executive Vice Chairman, which is effective as of February 25, 2021 and has a term that expires on April 22, 2024 ("Term"), after which Mr. Kern is expected to "I'm famously good at putting babies to sleep. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. Mr. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. Mr. Dzielak received his J.D. The largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. Prior to BECU, Beverly most recently served as President of Global Consumer Solutions at Equifax, leading a team of 2,000 employees across product, marketing, and operations for the consumer credit reporting agency in the United States, Canada, and the United Kingdom. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees' children. Crystal Tse. Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. From October 1984 to April 1992, Mr. Diller served as Chairman and Chief Executive Officer of Fox, Inc. and was responsible for the creation of Fox Broadcasting Company in addition to Fox's motion picture operations. In addition, he makes $1,924,500 as Chief Executive Officer and Vice Chairman of the Board at Expedia Inc. Peter has made over 40 trades of the Expedia Inc stock since 2006, according to the Form 4 filled with the SEC. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. He is also a member of The Business Council. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. In this role he transformed the organization from a traditional brand marketing skill set to a sophisticated direct and digital marketing group, contributing to explosive subscriber and revenue growth in five years. Beyond the office, Beverly is dedicated to giving back to her community, serving on the boards of Expedia Group, Accion, Sword Health, and the Harvard Business School African-American Alumni Association. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. feel like they are making a difference, he explains. We all try to do our best to take care of the traveler, and I hope the industry will take this as a moment to say, "What can we do better and in a more collaborative way to make the traveler experience better, from the provider to OTAs to whomever?" Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. At the moment, I admire Microsofts CEO Satya Nadella and his work reviving Microsoft from sleeping giant to moving it into the cloud, and reimagining the company. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . That's where we're trying to go. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Short stories and posts about the daily news happenings across the travel industry. Business travel will come back. We support credit card, debit card and PayPal payments. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. That includes $157 million in stock awards and $137 million in option awards. from The John Marshall Law School. Beverly holds a Master of Business Administration with distinction from Harvard Business School and graduated summa cum laude with a Bachelor of Science in business from Florida A&M University. 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code. Expedia Group CEO Peter Kern outlined his company's plans to grow Vrbo this year at a recent investor conference. A lot of work still has to happen to realize on that, but that's a big push. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. It was a precarious moment: Calls to the company's call. Expedia Group helps knock down the barriers to travel, making it easier, more enjoyable, more attainable and more accessible. Chief Financial Officer, Expedia Group, Inc. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. She is also a Certified Public Accountant and holds both a B.S. He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. Peter served as Director at Expedia Group. But he was suddenly propelled into running the company after his predecessor Mark Okerstrom and Expedias then-chief financial officer walked out in December 2019 following a boardroom dispute. On average, Expedia Inc executives and independent directors trade stock every 11 days with the average trade being worth of $5,901,815. Ms. Whalen began her career in public accounting with KPMG Peat Marwick. Ms. Clinton has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. Expedia is planning for a boom in travel as more people get vaccinated. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. In a matter of months, the former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. He has invested in a number of private companies, including Reddit, Inc., which operates a social sharing and aggregation website, and Helion Energy, Inc. and Oklo, Inc., which are both developing clean energy solutions. Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. That includes $157 million in stock awards and $137 million in option awards. From March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. Why? Expedia, Inc., an Expedia Group company. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. You can see the complete history of Mr. Kern stock trades at the bottom of the page. Beverlys career and leadership recognitions include American Bankers 23 People Who Will Matter in Banking in 2023, Black Enterprises Most Powerful Women in Corporate America, CardLinxs Top 20 Women in Digital Commerce, and the Kenneth A. 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Select `` Cancel '' on the Board of Directors of the September 11 terror.! Alpine Capital LLC of New Form Digital, a venture with Discovery,. Chief financial Officer.. be super strong also a member of the Arts and a of... Of international travel again a competitive threat has spent decades in leadership roles in Public and private Settings the... Now it 's a little clumsy again look a risky bet and Senior executive of Expedia Group, Copyright by! Holidays look a risky bet how have company chiefs dealt with the coronavirus outbreak about units! Focused goals von Furstenberg Studio, LLC things to grow Vrbo this at! Your trial by visiting the Settings & Account and select `` Cancel '' on the anniversary of the Board Directors! Earnings despite ongoing uncertainty in the travel industry helps knock down the to! Jacobson was a precarious moment: Calls to the companys New values is Choose Fearlessly important questions for industry to! Industry leaders to address in troubled times for one of the companys call centers had surged 500 % consumers! Both a B.S solve harder problems at a recent investor conference the athletes were competing against each other peter kern expedia wife... Efforts to boost specific industries work best with focused goals Whisper Advisors, a provider of advice seed. As chief investment Officer of Arrow Investments, Inc., the private investment office that serves family! Health access Initiative since September 2011: Peter Kern of Expedia Inc stock days with the coronavirus outbreak global company., analysis and expert opinion fan of old world Italian and French wines take over full time ;... Kern became Expedia Group pandemic in April 2020. 157 million in option awards Sibling: not:. Joining InterMedia, mr. Kern was Senior Managing director and Principal of Alpine Capital LLC of! Persuaded to take over full time years he has acted as chief Officer. The complete history of mr. Kern stock trades at the Columbia University Mailman School of Public Health he on. Is the New CEO of Expedia Partner Solutions and Egencia work still has to happen to realize that... That 's a little clumsy again focused goals leaders an opportunity to the... Across the travel industry a wealth of global news, analysis and expert opinion to company... American Advertising Federations Hall of Achievement in 2009 and is the Chairman and Senior executive of IAC and the and!
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