It currently operates more than 300 properties in 35 markets.
The two clear takeaways are: (1) travel is rebounding and (2) Gores and Metropoulos aren’t worried about the impending regulatory crackdown on SPACs.ĬEO Francis Davidson co-founded Sonder as a college student in Montreal in 2014. Sonder was last valued at $1.3 billion, after raising $170 million in June. The deal will give Sonder $650 million in cash to scale up. Gores Metropoulos II raised $450 million in a January IPO, and raised an additional $200 million from PIPE investors, including BlackRock, Fidelity and Senator Investment Group. The hospitality startup, which leases apartments and turns them into furnished, short-term rentals, announced plans to merge with a blank-check firm backed by SPAC pioneers Alec Gores and Dean Metropoulos. The pandemic disruption.” - CoStar CEO Andy Floranceįor proof that travel is back, look no further than Sonder’s $2.2 billion SPAC deal. Wu only took $189,584, however, voluntarily donating the rest to a company relief fund for affected employees. Opendoor Eric Wu’s total compensation was $370.2 million, with a base salary of $325,000. Porch’s Matt Ehrlichman’s total compensation was $16.8 million, with a base salary of $420,000. The CEOs of Opendoor and Porch saw hefty stock and options in a year when both companies went public. Sanford also took a smaller salary - $656,480 instead of $1.5 million. Kelman stuck to his word and collected a salary of $63,609 (instead of $300,000). Behind him was eXp World Holdings’ Glenn Sanford with $15.9 million and Zillow’s Rich Barton with $8.4 million. In 2020, CoStar’s Andy Florance was compensated $21.3 million, according to the company’s recently filed proxy statement. Other CEOs followed suit.īut in the end, the pandemic didn’t cause a housing meltdown or a meaningful deterioration in CEO pay. A year ago, Redfin CEO Glenn Kelman said he would forgo a salary after the tech brokerage had to furlough 40 percent of agents and staff.
0 kommentar(er)
