Dara Khosrowshahi The Top Paid CEO
Dara Khosrowshahi is the President and Chief Executive Officer at Expedia, Inc. since 2005. Expedia Inc. which operates more than 150 travel booking sites in more than 70 countries worldwide across its portfolio of online travel brands. The average CEOs at America’s largest companies earned a median of $10.8 million each. Khosrowshahi’s pay spiked to $94.6 million the highest among the 341 companies as we seen.
In 2014, Dara Khosrowshahi’s $9.6 million pay was 89 times that of his workers, according to Glass door. Although there’s no data regarding how much the median pay for employees at Expedia is now, using worker pay from 2014 as a marker, Dara Khosrowshahi’s pay now is likely about 4,756 times that of his workers. Khosrowshahi’s 2015 earnings were made up of a $1 million salary, $2.8 million bonus, and $90.8 million in stock option awards. Khosrowshahi’s large pool of option award came because he entered into a long-term employment agreement with the company, stating he would stay with Expedia until Sept. 2020, according to the company’s annual filing. Under his leadership, Expedia, Inc. has grown to become one of the largest online travel companies in the world. Furthermore, he has served as a member of the Fanatics.com board of directors since November 2013 and in May 2015 he was elected to the board of directors of the New York Times Company. Khosrowshahi was instrumental in the initial expansion of IAC’s portfolio of travel brands, which now comprises Expedia, Inc. He served as executive vice president and chief financial officer of IAC, overseeing all of the company’s financial matters, and also held the role of executive vice president of operations and strategic planning at the company.