What the people are coding? The second best result is Glenn A Fogel age 60s in Phillipsburg, NJ. Everybody's guessing, you've heard my guess already, I'm not going to change it, but I'll certainly say that I don't think anybody expects it to be anytime soon, that's for sure. Yes, this is just one of the things you never ever want to have to do, it's any type of mass layoffs. Interview with Glenn Fogel, senior vice president - corporate development, Priceline.com Aug 21, 2005 Glenn Fogel, senior vice president - corporate development, Priceline.com recently attended the EyeforTravel.com's Travel Distribution Summit China held in Shanghai. Glenn Fogel is CEO and President at Booking Holdings (), which provides online travel and related services.Yahoo Finance will air an interview with him as part of the All Markets Summit on Oct. 26.. I tested on a Thursday and by the weekend, I was already doing work outs. We looked at that, okay, these shares are liquid, we can liquidate them and have more cash available in case things end up being like it was in March and April, all the way for the year or two years or something like that. I didn't find out till Tuesday that, oh yeah, you tested positive. I can't make a vaccine appear. I really believe that when people travel, they get an understanding of other people, and that makes the world a better place. We've got, on one hand, customers screaming, they need the money back please, particularly if they lost their job or they're concerned. We paid that customer to make them whole, and we will go out in the long run to get the money back hopefully from the hotels over time. Look, I think there's still a lot of value between working from home which is effective and showing up in person. In Thailand, we're working with the government. For many, more and more people were discovering the benefits of alternative accommodations, and considering that and using that. NEW DELHI | MUMBAI: A vaccine or proven treatment is critical for the travel and tourism sector to recover from the Covid-19 outbreak, the worst crisis it has ever faced, Glenn Fogel, CEO of Booking.com, told ET in an interview. GF: Well, I think it's very important is: when things are looking so dark, and people are very, very scared, a lot of anxiety for very good reasons, what's really important is to make sure people understand what I absolutely believe and make sure I'm able to transmit this to them and give them the hope. We really don't think there would be. It has made me sad that there is such discord and animosity among different people, and it's not, you know, let's face it, it's not just China and the U.S. You see this concept of nationalism and protecting one's own data, one's own part of cyberspace and breaking up the Internet, essentially, it's a splinternet. They have also lived in Bethlehem, PA Glenn is related to Clyde C Fogel and Kimberly A Fogel as well as 3 additional people. CT: Well, you're in the process of laying off 25 percent of your global workforce, what are you telling the rest of your employees about whether there are more cuts to come?Â. Globe Icon CT: So, how long a runway does it give you, you think, gut feel? 10 Participants will engage in a mock interview for a real-world position -- either as assistant conductor with a large organization, or as music director of a regional professional orchestra. In order to progress forward, information security must be … GF: Yes, in the second quarter, we did our earnings announcement and we are absolutely fine. You can read more on the Fogel family here. How did you carry out such a painful exercise? CT: To complicate matters further, you and your family tested positive for the coronavirus, how are you feeling now? Data is a real-time snapshot *Data is delayed at least 15 minutes. Now, one of the reason we did that is what we want to develop is a seamless frictionless way for a customer who's coming from, let's say, France and going to, let's say Beijing, and we want when they land in Beijing, they can go to the Booking.com app and they can just press one button and they can get a car through Didi -- smooth, seamless whenever. I'm like, well, it's interesting news but I'm feeling better already. You don't have to be worried about, well, my app works in my country, but is it going to work in that country or not? So, when you come up with these things that split things up - just makes it more costly and maybe, maybe in the future, we wouldn't even be able to do those things. They have a program out and we are participating with them where they are giving out money to stimulate the travel business. They've gone bankrupt or they've shut down or whatever. Below is the transcript of an interview with Booking Holdings CEO Glenn Fogel. It's horrible but the world doesn't stop spinning. I keep telling everybody that it's terribly sad when things like this happen, but I make I want everyone to know when they're listening to what I am talking about is that there is a future for everybody. So, you save money there and it's good, it's symbolic, it's the right thing to do, share that pain. CT: Before the pandemic, you've made some aggressive moves into China. GF: Well, it has made me sad. What we do is we dip into our own pocket, even though the hotels are legally obligated to do it. I've been a person who's given the bad news, and I actually in my career, 58 I've been, I've been around when I've gotten that bad news. External Article 6 October 2020 Bookingcom President and CEO Glenn Fogel discusses Pandemic Impact This is the transcript of a CNBC interview Glenn Fogel… Below is the transcript of a CNBC interview Glenn Fogel, President and CEO, Booking Holdings. Priceline.com is also another company. We're in the middle. Right now, one of the things we mentioned the investment in Didi. To me, investing in our future by helping to rebuild the industry is something I think every government should be absolutely focused on.Â. GF: It increases costs hugely. Fogel gives his perspective on these issues and more in a wide-ranging interview at The Phocuswright Conference 2020, in conversation with PhocusWire for one of the main executive interviews at the event last month. It wasn't like people were trying to avoid having to pay out money, they don't have it or they weren't even there - there was nobody to contact at the hotels. It's going to take time to get there for sure, but I do believe that in a few years, people will go to Booking.com and say, yeah, this is a lot easier than it used to be, and that will make me pretty happy. Now, some of the biggest markets, though, like the United States, they haven't done that yet, and that's really unfortunate because the travel and tourism business is such a bedrock for employment. It's a situation because of the pandemic. Before we cut any job, we did everything we could to cut costs as much we could in every single area to try and save as many jobs we could. Instead, it ends up with everybody having their own Internet within their own country, that's not helpful. The interview will play out in CNBC's latest episode of Managing Asia on … CT: Glenn, thank you so much for talking to me. Glenn Fogel was in crisis mode. It was two days of fever, one night of a headache and I was fine. A Division of NBCUniversal. ... Glenn Fogel … So, the hotel should give the money back, but many times the hotel can't give the money back. When I look at the state of travel today, I see a traumatized community. The truth is, nobody knows because it's so dependent on a couple variables that are just guesses. Glenn interviewed the mayor of Itamar, the town where Palestinian militants murdered the innocent Jewish Fogel family. And nobody knows that, because nobody really knows when will that level of immunity from a vaccine actually hit the right level that people feel, okay, everything is good? Skift Interview With Fogel. If we don't have those entry level jobs and those first rungs on that ladder to success, how are they going to do it? It's really good to see you. He grew up in Hawley, MN and served in … CT: So, just to be clear, no plans to divest from China and you will remain committed to your investments in China right now? Marketing and Communications Assistant, APAC, CNBC International. It really doesn't. Do people feel safe going on a trip or not? Fogel told employees his symptoms are mild, and he doesn't believe he infected […] Is there herd immunity? CT: There have been some improvements in your bookings since April, does this somehow give you an indication that the worst might be over? So, I know that you can recover, you can have a great, great career, just because one particular company or industry has had some hard times. You've invested in Ctrip, a Chinese online travel agency, consumer platform Meituan Dianping and Chinese ride hailing app Didi, has the escalating geopolitical tensions made you cautious about the Chinese market? I look at the numbers and I feel this is the right number, this is going to be a good thing. So, many times legally, the hotel supplier, for example or the airline, whatever is supposed to return the money under these types of circumstances, force majeure and you're not allowed to go by the government who says you cannot travel there. Here are a couple things I know to be true. I've been now with this company for over 20 years. But even if it doesn't come, even the vaccine does not come right away, I still feel pretty comfortable where we were sitting right now. It helps to promote travel to China, helps the French traveller - easier for them, it's a great thing. It's a great advantage.Â. It's terrible economically for everybody who's lost a job. My illness was so short. Our reported room nights, which represent the number of room nights people stayed in (factoring the … For example, we're working with the Japanese government. I can only think that it's going to come in the not so distant future. GF: I think everybody has fun guessing when is that going to be? © 2021 CNBC LLC. GF: What we are trying to do is position the company, so when that demand comes back, when people are feeling safe to travel and they want to travel, that we are still the great leader in the industry and we have gone from where we were to where I want to be in this connected trip strategy. It's a human disaster for the people who've been ill and are terribly debilitated by it. So, a lot of people cut their salaries. G: Well, it's interesting because it is entirely opposite of how I've been doing the last few years when I was never home. Got a confidential news tip? But I'll be perfectly honest, nothing has ever, ever equaled what we're currently going through. It really is a competitive advantage. For example, you may have seen the other day when Ireland came out with a rule of their data privacy, saying Facebook should no longer send their data over to the United States. We will help them out. Christine Tan (CT): Thank you so much for being with us. Through an interview with CNBC, Glenn Fogel raised his support for Booking Holdings’ acquisition strategy, which basically means buying another travel website. So, immediately, they're obviously going to want to try and contact someone to get it back. People are going to be a little bit nervous about traveling until they feel that everybody knows people have been inoculated, so it's safe to travel. Select this result to view Glenn A Fogel's phone number, address, and more. Unfortunately, having been at this company for as long as I have over 20 years, we've actually had to do this in the past a couple times - after 911 way back then when those terrorist attacks hit, we had to do some things and recessions in the early parts of the last decade, we had to do some of those. Are you comfortable with the sort of investments you're having in China? I'll give you an example. Glenn has been talking about this story on TV and radio for over a week, and today he interviewed the mayor of the town on radio. Glenn Fogel (GF): Well, first, thank you for having me. Glenn Fogel, CEO, Booking Holdings, is interviewed by Javier González-Soria As Booking.com’s Chief Executive Officer, Glenn D. Fogel is responsible for the global strategy and operations of Booking.com, including the management of all business units within the organisation. GF: Absolutely. There's no immunity, and we're doing business the way we are and I'm looking at the numbers, I'm feeling okay, that we won't have another significant layoff. CT: Since then, you've had to make some really difficult decisions. Glenn Fogel: It needs to be seamless. What the new services that we're putting together and tying together, and I see it coming together. You think governments should do a lot more to help stimulate the travel and tourism industry? Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2021 CNBC LLC. Some of the big, different types of think tank people who do all sorts of analysis research groups, they came out and said that we may lose 100 million to 200 million jobs in the travel and tourism industry, which will be horrific, particularly because so many of these jobs are entry level jobs, people who are just starting out at the lowest level. There was nobody at the hotel to talk about refunds, you have to wait until they come back when the lockdowns get lifted, so we can have a business conversation talking about what the obligations are. He previously served as The Priceline Group’s Head of Worldwide Strategy and Planning, an office he has held since November 2010. We are the person who are supposed to be supporting that customer. So, immediately, they're obviously going to want to try and contact someone to get it back. GF: Absolutely, it's more than a gut feel. This information is according to proxy statements filed for the 2019 fiscal … In Italy, there's a program, we're working with them. Mr. Fogel BKNG stock SEC Form 4 insiders trading. Even though people can be laid off, that's not the end, there will be opportunities, there will be a future for everyone. Then if they get over that, they say, okay, I'm okay, my family's okay, but wait, we're supposed to go traveling next month or two months and we're not going to be able to go now. CT:  Tell us about the anxiety customers felt and the wave of cancellations you faced at the height of the pandemic. We've been actually doing this because we have a number of different companies that are part of Booking Holdings. Give us an idea of what sort of timeframe, what's the earliest timeframe you're looking at? Now, we're in the middle. Sigh, it is something that weighs on you though. Booking Holdings CEO Glenn Fogel tested positive for COVID-19 in March. What that means is going forward, everybody who used that alternative accommodation and experimented it, this is good, I like this. We seem to have a belief that China is going to be the largest travel market throughout the world, and we continue to want to be a part of that great outbound business. That's a great question because we've been through a lot of crises. Glenn D Fogel is President/CEO at Booking Holdings Inc. See Glenn D Fogel's compensation, career history, education, & memberships. Booking Holdings' Glenn Fogel on platforms and capital (PhocusWire @ Phocuswright Conference 2019) * This interview took place before Fogel's appearance on Center Stage at The Phocuswright Conference , when he spent the first third of the session ranting about his check-in experience at the event's hotel. For Bryan Fogel, getting access to the transcripts of Jamal Khashoggi’s murder at the Saudi Arabian consulate in Istanbul, Turkey was the result of a long history of trust building with the T… They're really starting to get a job and they can move up. Yes, the test proved what we kind of knew which was that we were ill. We're trying to develop a company that in the long run is producing a great service. We're so lucky because there are so many people we all know who unfortunately either they lost their fight entirely and I know people who lost their fight with this virus, it's horrible, or yes, they didn't die but they're still suffering the illness in some form. Are you hopeful it could help cushion some of the impact till we see a recovery in international tourism?Â. You also have the senior management who report to the CEOs have taken significant pay cuts. So, unfortunately, you don't save a lot of jobs, because you have thousands and thousands of people. Take Italy, for example, when it shut down, everybody was supposed to be locked down in their home. So, you never want to do it, but you do what you have to do to make sure that the company comes out right. The problem that ended up though, we had such a mass number of people all the same time wanting to cancel. Are there effective treatments? Glenn Fogel , age 60, Fargo, ND passed away at his home under the care of his family and Hospice of the Red River Valley on June 23, 2010. What the COVID crisis has done is accelerated and brought forward what would have happened anyway, essentially more people doing it. It has accelerated a trend that already has been happening. Booking Holdings CEO Glenn Fogel tested positive for COVID-19 in March. As soon as people felt it was safe enough to just go local travel, they did it, and many people said they wanted to go to what we call alternative accommodations, that means not going to a hotel with a big lobby with lots of people in an elevator where you're concerned how many people in the elevator, you wanted to go to a home or a villa or something where only you and your family were there and that is what we've seen. Please stay safe and well during this time. So, we are where we are though. Let's say, there's an announcement in the next few months that there is one or more than one vaccine that is effective and considered to be safe, we know there's a high probability given the number of pharmaceutical companies that are doing phase three trials right now, I wouldn't put that as a low probability, I put that as a good probability, but then you still have to distribute it, you got to get that actual drug out to a huge number of people around the world. I think that's just a loss for everybody.Â. It has just been a disaster. Glenn Fogel, CEO of Booking Holdings, discuss the state of the travel industry and the need for stimulus. There is just more energy in that. Could you divest further if geopolitical tensions continue to escalate between U.S. and China? CT: Right now, you're already taking advantage of government programs in the U.K. and the Netherlands to keep staff on your payroll. But that being said, it's not just good enough to not run out of cash. Hotels are lowering that outstanding obligation to us, that is happening over time. That's what we did because it was the right thing to do. So, what will happen next time they do a trip, they're going to say, hmm, maybe I want the alternative accommodations and maybe I want to have a hotel, I'm not sure which one I want. We've got that alternative accommodations - a huge number and we also have the largest number of hotels. Now imagine if there are regulations that make that very difficult, well that's making it harder for the consumer to get what really be very effective very good for the consumer. Sunday 02:00, 04:00, 06:00, 10:00, 15:00, 18:00. It's sad. The element is not a case of a burn rate, like if in three years, if things don't turn around, you're going to run out of money. GF: It's the right thing to do. GF: I think the worst, hopefully, please, please never ever go back to where it was in April or March or things like that, and I don't think we're going to because even though we see areas in the world that the virus is going back up in terms of number of infections, and even though you see some parts of the world going to a lockdown situation again, etc, I don't think we're going to end up with that mass lockdown that was in April. Even the worst of cases, it comes back, and you look at that, and that's how I try and get give that hope that it will come back, and we'll come through it. CT: Has the pandemic made you think about how you can operate as an online travel company? One, pandemics always end, they do. I understand you are in crisis management since pandemic outbreak, did you imagine the magnitude and scale of what you're facing right now? It's a good thing to do. In fact, in the United States, it was taking a long time to get the results back then in March, that I actually felt fine before the results came back. Watch this candid interview with the CEO of Booking Holdings - the man running highly-acclaimed online travel giants like Booking.com and Agoda. Executive Vice President, Corporate Development and Head of Worldwide Strategy and Planning Priceline Group With a background in asset management and investment banking, EVP Glenn Fogel heads up the Priceline Group’s mergers, acquisitions, and strategic partnerships. His company has also suffered because of the coronavirus, as people travel less. So, we're coming up with what is the policy? We need to be preparing for more money for the entire industry. We've tried so many ways. GF: Oh, I feel fine and it was a little bit of a reverse. Most recently he sold 1,000 units of BKNG stock worth $1,570,700 on 1 February 2017.. You do see people are traveling, just nowhere near the rate they were traveling last year. GF: Yes, absolutely. That just destroys the whole greatness of the internet, which was supposed to connect everybody. The online travel giant also said it has succession plans for all of its senior executives, suggesting they could cover temporarily for Fogel if necessary. Got a confidential news tip? All Rights Reserved. Three days in the office? We want to hear from you. GF: Yes, I'm fairly confident the worst is over, and you do see people are traveling, just nowhere near the rate they're traveling last year. Now, look, we follow the rules, wherever the laws are, we will follow them, of course, but what we'd really like is for people to understand the benefits that come from one unified Internet, in which case you can absolutely still be able to use any application anywhere. CT: So, essentially, you're in both worlds? What is going to determine that is, is there a vaccine? On the other hand, you have hotels who said, I can't pay it back. Of this total $750,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $14,000,605 was awarded as stock and $17,921 came from other types of compensation. We were looking to make sure we had liquidity, and nobody knew what anybody's valuation is going to be. Thank god, it turned out, we didn't need to do that in retrospect, 2020 hindsight, but at the time, it was the right thing to do. Glenn D. Fogel is the CEO of Booking Holdings, a position he has held since January 2017.

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