Should Expedia Investors Be Worried About Their CEO's Departure?

It's never easy for a company to lose its leader, particularly when that person was on the throne for many years and enjoyed a reputation for level-headedness and calm. That's the situation at giant online travel agency (OTA) Expedia (NASDAQ: EXPE) these days, as longtime No. 1 Dara Khosrowshahi has taken the helm at Uber, to be replaced by Expedia CFO Mark Okerstrom.

Shareholders typically aren't fond of abrupt changes in long-term leadership, and Expedia's stock took a little hit after it was announced Uber's board had selected Khosrowshahi. I don't think, however, his departure will hurt the company in the long run. Here's why.

IMAGE SOURCE: GETTY IMAGES

Continue reading

Source: Fool.com