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March 13, 2006

Bonus flight

Posted by Monica Soto at 11:35 AM

Expedia.com's CEO just saw his annual pay soar, according to regulatory filings.

The company's board of directors voted to increase Dhara Khosrowshahi's annual pay from $550,000 to $1 million, effective Feb. 13.

Khosrowshahi is also eligible for an unspecified cash bonus, plus 800,000 restricted stock units - both of which are tied to the company's performance, according to the compensation plan filed today with the Securities and Exchange Commission.

Khosrowshahi has work to do - the online travel-booking site's stock is down 22.6 percent since it spun off from parent InterActiveCorp last August.

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