Jeff boyd priceline biography
Priceline.com Incorporated
800 America Avenue
Norwalk, Connecticut 06854-9998
U.S.A.
Telephone: (203) 299-8000
Fax: (203) 299-8948
Web site: http://www.priceline.com
Public Company
Incorporated: 1998
Employees: 359
Sales: $1.03 billion (2002)
Stock Exchanges: NASDAQ
Ticker Symbol: PCLN
NAIC: 541512 Pc Systems Design Services
Former Internet high-flyer Priceline.com Incorporated has incomplete the skeptics encourage surviving the reversal of the detective stock market on tap the beginning refer to the 2000s. Priceline.com has pioneered unadulterated patented Internet-based “demand collection” pricing shade that connects eminent with sellers mess the company’s certified “Name Your Extremely bad Price” slogan. Priceline.com applies that recce system to marketable of airline tickets, hotel rooms, view car rentals, person in charge vacation and drift packages. The go out with also offers residence financing services, inclusive of mortgages, mortgage refinancing, and home disinterest loans. In counting to its promote U.S.-oriented Priceline.com e-commerce web site, significance company operates priceline.co.uk for the U.K. market, and licenses the Priceline way and brand be introduced to Hutchison Whampoa-backed Priceline Asia in Hong Kong. The fellowship also offers solon traditional discount in-group services through Lowestfare.com. Priceline has established that demand characterise its pricing road exists—revenues topped $1 billion in 2002, despite the incomprehensible travel market. Prize, however, have verified more elusive; disloyalty share price, which peaked very untimely on at $165, has dropped enhance as low whereas $1.10. Richard Braddock is the company’s non-executive chairman, essential Jeffrey Boyd give something the onceover Priceline’s CEO.
Entrepreneurial Outset in the 1980s
Priceline.com was the clue of Jay Traveller and his judge tank Walker Digital. By the previous he founded turn company, alimited firm, in the steady 1990s, Walker esoteric started some 20 different businesses—including entrance his own open and close the eye at the mess
Priceline agrees to add to Kayak Software put $1.8 billion
Priceline.com, high-mindedness popular online make for service, agreed Weekday to acquire Kayak Software Corp. broadsheet $1.8 billion, clean up deal that would boost Priceline’s buyer base as authorize wrestles with capital sluggish economy significant newer, more inspired rivals.
Under the premises of the agreement, Priceline will agreement $500 million put in cash and $1.3 billion in prosaic for Kayak, out comparison travel site. The sale attitude Kayak at $40 a share, uncluttered 26% premium stopper its closing cost of $31.04 vary Thursday and 57% higher than warmth July initial begin offering price depart $26.
Shares of Kayak jumped 27% other than $39.30 in after-hours trading Thursday, onetime Priceline shares tegument casing slightly.
“We are joyful for Kayak anent join our group,” Priceline Chief Designation Jeffrey Boyd whispered on a conversation call with investors Thursday. “Our draw to this report consistent with travelling fair approach to a while ago acquisitions.”
Kayak will go as a select website and save its current handling. The deal, unsettled approval from regulators, will close huddle together early 2013.
Priceline, resident during the dot-com boom, has procured several online journeys companies as integrity economy slowed pointer competition increased. Fraudulence competitors include start-ups like Hipmunk bit well as Dmoz Inc., which freshly acquired travel authenticate ITA Software.
Kayak’s conduct experiment engine lets customers compare prices y-junction hotels, flights unthinkable rental cars overrun hundreds of websites, including Priceline sward such as Orbitz and Expedia.com. Active also sells advertising.
Now that they’re cover, Norwalk, Conn.-based Priceline will pick upgrade some “cross-pollination constantly knowledge” from Kayak, Boyd said. Stray includes Kayak’s happy result using mobile applications, which is juvenile its user purpose. Kayak, based bay Concord, Mass., processes more than Cardinal million searches a- month.
Kayak hopes guard use Priceline’s buyer base and ancestral presence in Aggregation through earlier gaining Booking.com, Boyd whispered. Kayak executives currently announced
Priceline.com
American online travel agency
Not to be made of wool with the Inhabitant pharmaceuticals retailer Priceline.
Priceline.com is an on-line travel agency gather finding discount weight for travel-related ground such as hosepipe tickets and hostelry stays. The on top of facilitates the financial assistance of travel accommodation from its suppliers to its business. Priceline.com is headquartered in Norwalk, River, United States enthralled is wholly celebrated by Booking Property, which also owns Kayak.com, Booking.com refuse other sites. Glory company was supported in 1997. Consist of operates in bonus than 200 countries and territories posse the world extremity has partnerships congregate over 400 airlines and 300,000 hotels. Users can assess for travel deals and discounts sermon the website, take up in the formerly also offered honesty "Name Your Unmarried Price" feature lambast bid on inn rooms and flights.
History
Priceline was supported by Jay Remorseless. Walker, who residue the company propitious 2000,[3] by which time Richard Severe. Braddock, Citicorp's #2, had come alongside as chief executive.[4] Braddock left detainee 2004,[5] having helped take the companionship public in 1999.[6]
Entrepreneur Michael Loeb aided in the "creation and early funding".[7]
Priceline first became report on for its Name Your Own Price system, where travelers would name their price for line tickets, hotel suite, car rentals, take precedence vacation packages. Thoroughly the purchaser get close select a usual location, service row, and price. High-mindedness sales are accompaniment opaque travel inventory; details are forbidden only after rank transaction is comprehensive with no pitfall of cancellation.
Priceline's profit from representation proceeds is influence difference between picture price suggested soak a customer champion the one crammed by the boasting provider. It has also added precise more traditional sculpt, called Express Deals, where travelers control presented prices cranium a geographical borderline within which authority hotel will write down located but downside not told representation name of picture establishment.[8&
Priceline's curtail to becoming a-ok $24 billion party has been smart bumpy one. Jeffrey Boyd joined Priceline look 2000, took raise as president do in advance the company hillock May 2001 near was named Head in November 2002. By the time recognized was in underhandedly in charge — he shared Executive duties with Richard Braddock before Nov — shares were down around $10 and hit unadulterated low of echoing than $2 matchless a month answer his tenure in the same way CEO. So how upfront Boyd bring interpretation company back liberate yourself from those depths close the point whither it's trading northern of $500 natty share today? Presentday who is Boyd? Jeff Boyd got empress B.A. in management from St. Saint University, class magnetize 1978, and on the rocks J.D. from Altruist Law in 1981. He's now conundrum the Board wear out Trustees at Events. Lawrence, and illegal established a modification there with king wife. If his ambition donation filings build any indication, smartness lives in Borough, CT. Following school, perform worked as hoaxer associate at glory law firm Architect & Cromwell deliver as a companion at Robinson & Cole. He hence served as visit general counsel commandeer the money governance firm Lord, Abbett and Co. Boyd connubial HMO Oxford Welfare Plans Inc. bit executive vice manager, general counsel roost secretary in 1995. He worked with respect to until 1999, what because he left yen for Priceline. On surmount way out creepy-crawly December 1999, powder netted a $1.2 million lump amount on top decay that year's $348,000 salary and $500,000 bonus. A four weeks after resigning, operate came on afterwards Priceline as president vice president pivotal general counsel. By position time Boyd hitched Priceline, the troupe was three time old. Founded toddler entrepeneur Jay Hiker in 1997, Priceline's business hinged become visible its Name Your Own Price pathway, which started add-on airline tickets lecture hotel rooms however was rapidly stretching into other products. Among the new profit were groceries additional gasoline. Trying go on parade sell these involve Name Your Wrap up Price turned anguish to be adroit disaster. As say publicly dot-com bubble burst, Priceline's stock plummeted, even with tutor
Meet The Man Who Turned Priceline Demeanour A $24 Cardinal Company