Expedia CFO: ‘We Radically Changed the Direction of the Company’

Expedia Group Chief Financial Officer Scott Schenkel said Tuesday that the leadership team had “radically changed the direction of the company” over the past 6 to 9 months by introducing new performance metrics and resetting expectations.

Schenkel, who was interviewed at the Morgan Stanley tech conference in San Francisco, said new metrics feature a “more critical assessment of what return levels are expected” and that the company committed to a “daily refocusing of where we’re going to spend the money within micro-like measurements.”

If Schenkel’s account of operational — and cultural — changes under CEO Ariane Gorin, who took