The U.S. government has increasingly taken aim at junk fees, charges levied by travel service providers that are considered unnecessary or excessive and not clearly communicated to travelers.
Airbnb Details Executive Compensation for New C-Suite Roles
10.12.2023 - 03:31 / skift.com / Brian Chesky / Dennis Schaal / Catherine Powell
Airbnb’s departing Global Head of Hosting Catherine Powell will receive her current base salary and her outstanding equity awards will continue to vest as she stays on in an advisory role through June 30, 2024.
This was included in a financial filing Friday that also covers compensation details for other recent C-Suite changes: Chief Financial Officer David Stephenson will become chief business officer, and Vice President of Finance Ellie Mertz will become CFO.
Airbnb CEO Brian Chesky announced the changes Monday and told employees the company is at an inflection point. He said Airbnb needs to drive growth beyond its core business, and noted international expansion.
Powell’s compensation package would include also include 12 months of her base salary in one lump sum payment, and a year’s worth of her COBRA premiums in single payment. In addition, her outstanding equity awards would vest and she would be able to exercise them as though she had been employed by the company through December 31, 2024.
Ellie Mertz, who is scheduled to become Airbnb CFO on March 1, will receive $600,000 as her annual base salary and would be in line for an annual bonus target of $450,000, or 75% of her base salary.
Mertz also received a grant of 16,160 restricted stock units, which vest over four years. At Airbnb’s closing stock price on December 4, they they would be worth $2.16 million, though actual value will depend on the future stock price.
Stephenson will remain CFO until March, but will assume his new role of chief business officer on January 1.
Airbnb granted Stephenson 4,040 restricted stock units, which vest over four years. The value of those shares on December 4 would be roughly $540,000.
The website maxtravelz.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Top Autors
Popular Topics
skift.com
23.12.2023 / 21:15
TSA Airport Security Self-Screening Lanes Could Be Part of the Future of Travel
With airport security lanes getting clogged in the U.S., UK and elsewhere, the Department of Homeland Security is slated to begin a series of tests of self-screening lanes at several airports, with Harry Reid International Airport in Las Vegas the first on tap in January.
skift.com
22.12.2023 / 00:39
How Our 2023 Megatrends Are Playing Out
What is the future of travel? Answering that is Skift’s editorial mission, and the release of our annual Megatrends is core to that mission.
skift.com
19.12.2023 / 22:32
Uber for Business Automates Receipt Uploading for Clients
Some business travelers whose employers are Uber for Business clients will no longer have to email or take screenshots of their Uber rides or Uber Eats receipts when submitting their expense reports, Uber said Tuesday.
cntraveler.com
15.12.2023 / 13:01
Ball Drop NYC: Where to Watch for New Year’s Eve 2024
On New Year’s Eve, 1 million people will gather in New York City’s Times Square to watch an 11,875-pound geodesic hunk of Waterford Crystal be slowly lowered onto the top of One Times Square. Iconic? Yes. Worth experiencing in person? Not necessarily.
skift.com
14.12.2023 / 16:00
Airbnb Settles Italian Tax Probe for $620 Million
Airbnb settled a tax dispute with Italy for around $620 million (576 million euros), the company said Wednesday.
skift.com
09.12.2023 / 14:21
Airbnb Seeks to Expand Its Local Host Clubs
Airbnb launched its Host Clubs in 2016, in part to help with local campaigns against regulatory clampdowns. Now, it is seeking to expand these clubs.
skift.com
08.12.2023 / 10:47
New York City Needs 'Affordable Tourism' to Reach Young Travelers
Young budget tourists are putting off trips to New York City. Maybe it’s because they are finding it harder to find affordable rooms.
skift.com
08.12.2023 / 10:47
Booking Focuses on U.S. Short-Term Rental Growth While Airbnb Looks Abroad
Booking Holdings Chief Financial Officer David Goulden said this week that the flagship Booking.com brand launched its short-term rental business as a supplement to hotels “15-plus years” ago, which is roughly around the time Airbnb got going in San Francisco.
skift.com
06.12.2023 / 23:56
Airbnb Pledges to Deliver On an Old Promise
As has been his habit about product changes, Airbnb CEO Brian Chesky tweeted about updates the company is making to this year’s summer release announced in May.
skift.com
06.12.2023 / 21:51
Airbnb's Shakes Up Finance Chief
Good morning from Skift. It’s Wednesday, December 6. Here’s what you need to know about the business of travel today.
skift.com
06.12.2023 / 04:35
Airbnb Takes Another Step to Keep Users From Straying Off-Platform
Airbnb recently reminded hosts that it plans to shutter its email alias feature September 30. The feature enables hosts and guests to email and share documents, such as PDFs of property guides, passports and other IDs from their regular emails accounts without having to log into Airbnb.