Million Dollars. In March 2017, Chelsea Clinton was named to the board of Expedia. In her newly named position, Ms. Clinton will get $45,000 a year in cash, plus $250,000 a year in stock vesting over three years. In August 2017, Mark Okerstrom became the President and CEO of Expedia, Inc. In March 2018, Expedia, Inc. announced that it had changed its name to Expedia Group, Inc. On Dec. 4, 2019, Mark Okerstrom and Alan Pickerill resigned as CEO and CFO, respectively. At that time, Expedia Group's chairman, Barry Diller, took over day-to-day operations, while the Chief Strategy Officer, Eric Hart, became acting CFO. In February, 2020, Expedia announced it was cutting 3,000 jobs, roughly 12% of the workforce, citing a "disappointing 2019." Diller, in his role as acting CEO, stated the company had become "sclerotic and bloated" and that employees were "all life and no work." On 23 April 2020, Peter Kern was appointed as CEO of Expedia Group. He was the highest paid CEO in the S&P 500 in 2021, taking home $296,200,000 in total compensation. Expedia's revenue dwindled from $12 billion in 2019 to $5.2 billion in 2020 due to the COVID-19 pandemic. According to the Travel Market Report, from January to December 2020 the U.S. Department of Transportation received 14,604 complaints about Expedia and other online travel agencies (OTAs) from customers trying to get refunds for cancelled flights. As the source notes: "On social media, customers complained of excessively long call times and being unable to get through to a representative, leading to travelers being unable to make any changes to their travel plans or start refunds. Some people said they could not get a hold of someone for as much as 24 hours and one person said they called over 30 times." On 1 March 2021, Najafi Companies acquired the website, brand and employees of Classic Vacations from Expedia Group. The transfer of the ownership of Classic Vacations will be complete by April 2, 2021. On 2 November 2021, American Express Global Business Travel completed the acquisition of Egencia from Expedia Group Mergers and acquisitions Expedia's first acquisition was Travelscape for US$89.75 million and VacationSpot.com for US$80 million on March 17, 2000. It subsequently acquired Classic Custom Vacations in March 2002 for $78 million. The company has made four divestments, in which parts of the company are sold to another company. On December 31, 2000,