The ouster was driven by a disconnect between Expedia's board and senior management around the firm's restructuring, chairman Barry Diller said.
Expedia stock soared as much as 7.6% early Tuesday after the company announced the resignations of CEO Mark Okerstrom and CFO Alan Pickerill. The ouster was driven by a disconnect between Expedia's board and senior management, chairman Barry Diller said in a statement, citing an"ambitious" restructuring plan that yielded"lackluster near-term outlook.
Expedia stock soared as much as 7.6% early Tuesday after the company announced the resignations of CEO Mark Okerstrom and CFO Alan Pickerill. The ouster was driven by a disconnect between Expedia's board and senior management, chairman Barry Diller said in a statement, citing an"ambitious" restructuring plan that yielded"lackluster near-term outlook.
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