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

Dennis Schaal photo
Seth Borko and Dennis Schaal

Photo Credit: 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. Expedia Group / Adam Shane Productions

Skift Take

When you consider Mark Okerstrom's performance, which will lead to a golden parachute substantially less than what might have been, he can take a bunch of blame — but not for everything. The integration of the Vrbo acquisition was clearly messed up, as was the reorganization. Conversely, he inherited a very tough competitive environment.

Mark Okerstrom, the Expedia Group CEO who was forced out by the board in early December, is leaving with an exit package potentially worth around $11.8 million at the date of his resignation, December 4, according to a Skift Research estimate. That includes $1.75 million in cash, $5.73 million in restricted stock units, and nearly $4.3 million in stock options, Skift Research calculates. (See chart.) But it's important to note that Okerstrom still has plenty of skin in the game. He will likely be rooting for interim leaders Barry Diller, Pet

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