Expedia CEO and CFO resign in surprise shakeup, as Barry Diller asserts control over travel giant

Expedia’s Mark Okerstrom at the GeekWire Summit in October. (GeekWire Photo / Dan DeLong) Expedia Group CEO Mark Okerstrom and CFO Alan Pickerill have resigned abruptly from the Seattle-based online travel giant, and chairman Barry Diller is stepping in to run the company, citing a strategy disagreement between the top executives and the board over[…]

Banks Are Cutting 75,700 Jobs Worldwide

Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank. Unicredit has become the latest major bank to unveil layoff plans, joining Deutsche Bank, Santander, Commerzbank, HSBC, and more. The negative interest rate environment and slowing economies have forced[…]

Why this investment firm is pushing Microsoft to put an employee on the tech giant’s board

Microsoft CEO Satya Nadella, pictured here at a past shareholder meeting, is the only employee currently on the board. (GeekWire Photo / Todd Bishop) When Microsoft published its proxy statement in October, it contained an unusual shareholder resolution. The proposal? Adding a rank-and-file employee to Microsoft’s board of directors. Microsoft’s filing left the identity of[…]