Here's who's on Airbnb's board of directors as it navigates the crisis - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Airbnb CEO Brian Chesky is facing an unprecedented threat from the coronavirus. Here are the veteran execs on Airbnb's board of directors who will be critical to his success or failure.

Airbnb is facing a big challenge thanks to the coronavirus pandemic, which has led to a deep decline in the travel industry.

Among the company's directors are Kenneth Chenault, who led American Express through the aftermath of the September 11 attacks and the Great Recession, and Angela Ahrendts, who helped turnaround Burberry and guide it through that latter downturn also.There are probably few startup founders who are in as much need for guidance and direction from experienced leaders right now as Airbnb CEO Brian Chesky.

Until a couple of months ago, this board of directors would likely have been laser-focused on a planned IPO that was expected to value the company at $40 billion or more. Now, the directors must apply their business experience to navigating a crisis instead of a Wall Street debut.he told the Wall Street Journal.

According to some media reports there has been flashes of tension between Chesky and certain directors as the company grapples with the crisis, though Airbnb spokesperson Nick Papas has denied the tensions.What's clear is that the board's ability to collaborate and to leverage its collective wisdom will be put to the test by the pandemic.

Several Airbnb directors have gone through experiences similar to what he's facing. Chenault, for example, took over American Express right before the dot-com bust hit in 2001. He then led the financial giant through the Great Recession. Ahrendts was in charge at Burberry during that downturn. Jordan was heading OpenTable and guided it through a successful initial public offering at a time when few companies were going IPO.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airbnb laid off most of its contract workers over Zoom - Business InsiderSources said Airbnb's announcement, which comes as the company's business has been hit hard by the coronavirus, caught many off guard. UK government started hunt for coronavirus vaccine...Covid_19 COVID Just thinking about their business...!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Chase Q1 earnings reflect crisis preparation - Business Insider - Business InsiderChase's Q1 income was largely affected by an increase in credit costs as it builds up its reserve in preparation for the effects of the coronavirus PM Modi SAID I respectfully bow to the people of India... coronavirus Covid_19 lockdown Modi
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airbnb laid off most of its contract workers over Zoom - Business InsiderSources said Airbnb's announcement, which comes as the company's business has been hit hard by the coronavirus, caught many off guard. UK government started hunt for coronavirus vaccine...Covid_19 COVID Just thinking about their business...!
Source: BusinessInsider - 🏆 729. / 51 Read more »

I deliver meals to people in quarantine — here's why hunger needs national attention - Business InsiderI've been delivering 1,000 meals a week to quarantined families in Atlanta — here's why hunger is an issue that needs national attention (by jasminecrowe) jasminecrowe So many families were going hungry even before this health emergency. So. Many. Families.
Source: BusinessInsider - 🏆 729. / 51 Read more »