New Expedia CEO Mark Okerstrom will make a $1 million annual base salary for his role as the company’s top executive, the same as his predecessor Dara Khosrowshahi. Expedia today disclosed financial packages for Okerstrom, as well as Alan Pickerill, who is filling Okerstrom’s old post of chief financial officer. In addition to his base salary, Okerstrom has the option to purchase 300,000 shares of Expedia stock at the current closing price of $142.13. The stock options would vest in 2021, should Expedia stock have an average closing price of $200 from September 2020 to September 2021 or March to September 2021. Pickerill, the new CFO and former head of investor relations, will be paid a $450,000 base salary. https://www.geekwire.com/2017/heres-much-expedia-ceo-mark-okerstrom-will-make-new-job/
When you see 987 million in profits, it doesn't seem that far fetched.
The article is a bit misleading. It's, actually 300k options guaranteed over 4 years, then another 300k options if he meets certain financial goals, plus another 25k options for more goals, plus he's eligible for cash bonuses every year. If he hits said goals, he can expect $90+ million over 4 years. Holy shit.
No one person is worth that much.
Wow... That's crazy