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Mr. Diller has been the Chairman and Senior Executive of Expedia Group since the completion of the Companys spin-off from IAC/InterActiveCorp (IAC) on August 9, 2005 (the IAC/Expedia Group Spin-Off). The company's CEO Peter Kern explains. That's where we're trying to go. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Kern says his staff needed ongoing love. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. We believe in corporate travel, which is why we kept an equity stake in the company, and we will power Amex GBT and other corporate travel players. After all, Kern says, people dont put pictures of their vacuum cleaner on their refrigerator but of their favourite trip to Italy or Singapore or Thailand., Expedias Peter Kern: Be straight with your people about how you feel, West Virginia Gov. Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. We're less worried about playing defense, which, you know, six months ago, nine months ago, I couldn't say. Peter Kern is the new CEO of Expedia Group and Eric Hart is chief financial officer.. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. A lot of work still has to happen to realize on that, but that's a big push. Premium access for businesses and educational institutions. from Boston College and an M.B.A. from St. John Fisher College. Choosing one leadership hero is hard. In addition to the philanthropic work accomplished through his position as a director of The Diller-von Furstenberg Family Foundation, Mr. von Furstenberg also serves on the Board of Directors of Friends of the High Line. Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish- language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Mayor Lori Lightfoot, weighed down by fights with unions and a surge in crime, failed to qualify for a runoff electionfour years after winning all 50 of Chicagos wards. I think the biggest challenge for OTAs, generally, is taking care of the customer through Covid. She is also a Certified Public Accountant and holds both a B.S. Rathi holds a Masters in Computer Engineering from Santa Clara University, California. She is also an Art of Living Teacher and has a passion to help spread peace in the community. If we chased every endpoint, we were going to make it too complex to build the core that we needed. Expedia Group CEO Peter Kern told CNBC on Friday he's not worried about customers abandoning actual travel for a virtual-reality alternative. Since June 2017, Mr. Dubrugas has served on the Board of Directors of MercadoLibre, Inc., a leading Latin American e-commerce technology platform. It was a precarious moment: Calls to the companys call centers had surged 500% as consumers canceled flights and hotel rooms. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. Expedia Group Vice Chairman and CEO Peter Kern's 2021 total compensation was $296 million. Mr. Dubugras has served as the co-Chief Executive Officer of Brex Inc., a privately-held financial services company, since co-founding Brex in 2017. Long-haul air is, obviously, more beneficial for us than short-haul air, and long-haul international -- Europe to U.S., U.S. to Europe, to Asia, etc. . The state was in the spotlight recently when it hosted the annual Gala Riviera Nayarit & Puerto Vallarta. All Rights Reserved. And that's a problem for the travel industry. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. All rights reserved. Kern is in Las Vegas this week to publicly launch a fresh strategy: to focus more on offering its technology and marketing heft to other travel companies than being an online travel booking site with multiple brands. Not just informationally; I think people are beyond, "What are the cleanliness standards? and other data for a number of reasons, such as keeping FT Sites reliable and secure, The estimated Net Worth of Peter M Kern is at least $2.1 Million dollars as of 15 February 2023. Ms. Clinton also currently serves on the Board of Directors of IAC, The School of American Ballet, Clover Health and Nurx Inc.; the Board of Overseers of the Weill Cornell Medical College and the Columbia University Mailman School of Public Health; the Board of Trustees of the Africa Center; and as Co-Chair of the Advisory Board of the Of Many Institute at New York University. Expedia Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. We've talked about how we're going to bring the loyalty programs together so that customers can use that currency across products. . One month later, Covid hit the US and Europe and the travel industry came to a standstill. Mr. Kern is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. Michael began his career practicing law in New York and Mexico City within a variety of disciplines, including corporate transactions, civil litigation, intellectual property and employment law. Previously, Mr. Kern was CEO of Tribune Media and Managing Partner of InterMedia Partners VII, LP, a private equity firm. From March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. All rights reserved. Mr. Kern has spent decades in leadership roles in public and private settings. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Company is here to bring the world within reach for customers and partners around the globe. Mr. von Furstenberg also serves as a partner and Co-Chairman of the Board of Diane von Furstenberg Studio, LLC. It was certainly not my idea or [Dillers] that it would be me, he notes. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. Expedia burned through cash in issuing refunds. Rathialso currently sits on the board of directors for PagerDuty. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. Expedia Group CEO Peter Kern speaks from his home during a session at the virtual GeekWire Summit on Tuesday. Despite assuming leadership of one of the world's largest travel brands in the midst of a global pandemic, Expedia Group CEO Peter Kern says there wasn't much in 2020 that took him by surprise - except "I didn't have to wear pants to work." Speaking at his first Phocuswright Conference since replacing former CEO Mark Okerstrom in April, Kern says he sees the events of this year as . And then we can have really good people to solve harder problems at a higher rate, in a faster way. Prior to. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. What would you do if you were not a chief executive? By May 2020, the travel company had raised more than $3.2bn in funding with $1.2bn coming from the private equity groups Apollo Global Management and Silver Lake who were temporarily given seats on the board. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. . Before joining JBG, Ms. Banerjee worked at the Blackstone Group, focusing primarily on hotel, office, and senior living acquisitions, and at Citigroup in its investment banking division. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Crystal Tse. All other trademarks are property of their respective owners. You can see the complete history of Mr. Kern stock trades at the bottom of the page. Mr. Dolgen began his career in the entertainment industry in 1976 and, until joining the Viacom Entertainment Group, served in a variety of executive positions at Columbia Pictures Industries, Inc., Twentieth Century Fox and Fox, Inc., and Sony Pictures Entertainment. Mr. Jacobson is a member of the Board of Directors of Charter Communications, Inc., Tribune Media Company, Oaktree Specialty Lending Corporation and Oaktree Strategic Income Corporation. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. I think the U.S. will stay a steadfast and strong market for us. Now the company is emerging from the pandemic into an equally uncertain world. Mr. Continue reading your article witha WSJ subscription, Already a member? Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. It also doesn't create waste and may help fight the climate crisis. Peter Kern joined Expedia Group in 2005. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. Peter is a Managing Partner of InterMedia Partners VII, LP, a private equity firm. cookies From July 2004 until April 2010, Mr. Dolgen was a Senior Advisor to Viacom, Inc., a worldwide entertainment and media company, where he provided advisory services to the chief executive officer on an as-requested basis. You have to create an environment where the team can deliver, he says. He also served as Chairman of the Board and Chief Executive Officer of QVC, Inc. from December 1992 through December 1994 and as the Chairman of the Board and Chief Executive Officer of Fox, Inc. from 1984 to 1992. Expedia Group plans to do at least three things to grow its Vrbo business in 2023. They want to. The largest trade he's ever made was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $5,448,500. Peter Kern Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Dara Khosrowshahi Chief Executive Officer, Uber Technologies, Inc. Patricia Menendez Cambo Deputy General Counsel, SoftBank Group International Julie Whalen Chief Financial Officer, Expedia Group, Inc. Director Emeritus Jonathan Dolgen Principal, Wood River Ventures, LLC We're optimistic, we're ambitious for ourselves and our partners, we want to get everybody back to success, and we think there's a big opportunity for us all to be more successful because we work together in smarter ways. For non-personal use or to order multiple copies, please contact Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Access exclusive travel research, data insights, and surveys. "I'm famously good at putting babies to sleep. Mr. Kern holds a B.S. . from New York University. . He said Expedia Group would make tech improvements to help Vrbo to take . Prior to Expedia he headed up Tribune Media, one of the USs largest broadcasters until its merger with Nexstar Media Group in 2018, and although his prior knowledge of consumer and technology brands has no doubt helped, Kern says his key asset is that he hires people who are far better than me at everything. Javascript is required for this site to display correctly. Simply log into Settings & Account and select "Cancel" on the right-hand side. Co-Chief Executive Officer and Founder, Brex Inc. our Subscriber Agreement and by copyright law. . From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. Inflation is rising, the war in Ukraine has prompted vast spikes in fuel prices and consumers are showing signs of curbing spending. from The John Marshall Law School. From moonshots to vaccines, Washingtons efforts to boost specific industries work best with focused goals. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. One of the companys new values is Choose Fearlessly. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. In addition, he makes $1,924,500 as Chief Executive Officer and Vice Chairman of the Board at Expedia Inc. Peter has made over 40 trades of the Expedia Inc stock since 2006, according to the Form 4 filled with the SEC. Prior to joining InterMedia, Mr. Kern was Senior Managing Director and Principal of Alpine Capital LLC. No one wants to. But I wouldn't say, universally, we're as strong as we want. How might particular brands and markets evolve to meet the new set of circumstances that they and travelers find themselves in. Facing pressure to curb diabetes-treatment costs, the company will cut the list prices for its most commonly prescribed insulin and take other steps to make it easier for patients to afford the drugs. Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. It used to be like a college basketball coach or football coach but now a sommelier would be better. Prior to founding Ranger, Mr. von Furstenberg founded Arrow Capital Management, LLC, a private investment firm focused on global public equities, where he served as Co-Managing Member and Chief Investment Officer since 2003. Barry Diller is the Chairman and Senior Executive of IAC and the Chairman and Senior Executive of Expedia Group. Last updated: 17 February 2023 at 6:45pm EST. Prior to joining SoftBank, Ms. Menendez Cambo served in various leadership roles at the law firm of Greenberg Traurig, LLP, including as Vice Chair and as a member of the firm's Executive Committee. The most active insiders traders include Group, Inc. All the data shows that. Keep abreast of significant corporate, financial and political developments around the world. Before joining Tribune, Michael was Vice President of Labor Relations at NBCUniversal, where he supported network news and sports, owned and operated stations and late-night entertainment programs. Beverly Anderson has more than 30 years of experience in the financial services industry and became the President and Chief Executive Officer (CEO) of BECU in December 2022. The total compensation amounts were included in proxy statements last month. Her expertise lies in her ability to manage engineering teams and drive change. From 1995 to late 2010, Mr. Diller served as the Chairman and the Chief Executive Officer of IAC. Mr. Dolgen holds a B.S. Prior to Expedia Group, Ms. Whalen served as EVP and CFO at Williams-Sonoma, Inc. for more than ten years, having progressed through positions of increasing responsibility in Williams-Sonomas finance organization since joining in 2001. Since December 1992, beginning with QVC, Mr. Diller has served as chief executive for a number of predecessor companies engaged in media and interactivity prior to the formation of IAC. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. What was the first leadership lesson you learnt? That includes $157 million in stock awards and $137 million in option awards. . Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications. Mr. Kern has spent decades in leadership roles in public and private settings. The state's lawmakers emphasized the need for transparency rather than criticizing the resort fees. Prior to joining Expedia Group, Michaels extensive career has encompassed human resources, employee and labor relations, diversity and inclusion, organizational design, leadership development, and employment law. The more you scale the more true that is, you cant be everywhere. Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . "I'm famously good at putting babies to sleep because of my grumbly voice," the Seattle-based travel boss says as we embark on a Zoom call to discuss his leadership strategies some 18 months later. personalising content and ads, providing social media features and to He is also a member of the Board of Trustees of California Institute of the Arts and a director of the Simon Wiesenthal Center. We've made tremendous strides technologically that not only help us take care of more customers more quickly but which have freed up capital to invest in people to take care of customers. His Broadway credits include To Kill A Mockingbird; The Iceman Cometh; Carousel; Three Tall Women; A Dolls House, Part 2; The Humans; and Betrayal. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 07070 USA Telephone: (201) 902-2000, https://www.travelweekly.com/Preview-2022/Executive-view-Peter-Kern-Expedia-Group. Expedia Group Inc. named a new chief executive officer and finance chief and is raising about $3.2 billion to shore up its finances after virus lockdowns decimated the travel industry . You can still enjoy your subscription until the end of your current billing period. 301 Route 17 N, Suite 1150, Rutherford, NJ Everyone has bought enough stuff, he says. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. Expedia prepares for post-pandemic travel surge. Peter Kern, Vice Chairman and CEO Expedia Group Bengaluru: Global travel is likely to keep improving in the coming months as the Covid-19 pandemic moves towards the 'endemic' stage, Peter Kern, vice chairman and chief executive officer of global travel and hospitality booking platform Expedia Group, has said. Stay informed and spot emerging risks and opportunities with independent global reporting, expert Big-ticket items such as holidays look a risky bet. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. 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For a full comparison of Standard and Premium Digital, click here. Ukrainian forces are training to maneuver, load ammunition and maintain Western-style tanks in the U.K. WSJ visited the drills to learn how Challenger 2 tanks could give Ukraine an advantage against the Soviet-era tanks currently on the battlefield. "I don't see [the metaverse] as a competitive threat . Prior to these efforts, Ms. Clinton worked as an associate at McKinsey & Company, a consulting firm, from August 2003 to October 2006, and as an associate at Avenue Capital Group, an investment firm, from October 2006 to November 2009. Peter Kern became chief executive officer of Expedia Group Inc. last April, during the travel industry's worst crisis in decades. Mr. Diller served as Special Advisor to TripAdvisor, Inc., an online travel company, from April 2013 through March 2017, was TripAdvisors Chairman of the Board and Senior Executive from December 2011, when it was spun off from the Company (the TripAdvisor Spin-Off) until December 2012, and served a member of its Board until April 2013. Immediately prior to his appointment as Chief Executive Officer, Mr. Kern, along with Mr. Diller, had overseen Expedia Groups executive leadership team, managing day-to-day operations, since the departure of the Companys former Chief Executive Officer in December of 2019. Expedia, Inc., an Expedia Group company. Mr. Jacobson was a director of Ticketmaster from August 2008 until its merger with Live Nation, Inc. in January 2010, Aver Media, a privately-held Canadian lending institution, Eventful Inc., a digital media company, and New Form Digital. Mr. Khosrowshahi joined IAC in 1998 as Vice President of Strategic Planning and was promoted to Senior Vice President in 1999. No matter how smart you are you cant scale IQ points. university from Cornell University and a J.D. Mr. Kern holds a B.S. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. 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But I wouldn't say, universally, we're as strong as we want to be in every aspect of domestic travel. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. Michael co-founded the National Latina/o Law Students Conference and is an advocate for the underrepresented, volunteering his personal time to advise those in need on immigration rights and social and racial justice issues. Its most akin to how I see my challenge at Expedia. Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin-Off and has served as Vice Chairman of Expedia Group since June 2018. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Nayarit has a lot to offer luxury travelers, Nevada's congressional delegation reacts to Biden's 'Junk Fee' proposal, Giada De Laurentiis and Oceania Cruises, a delicious combination, Despite an energy crisis, lights are staying on for South Africa's tourists, Uniworld Boutique River Cruise Collection, Executive view 2022: Peter Kern of Expedia Group, Executive view for 2022: Stephanie Linnartz of Marriott International, Executive view for 2022: Orlando Ashford of Azamara, Executive view 2022: Becky Powell, Global Travel Collection. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. Peter M. Kern serves as Chief Executive Officer, Vice Chairman of the Board of the Company. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. Its shares plummeted more than 27 per cent as a result. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. % as consumers canceled flights and hotel rooms focused goals be auto-enrolled in our Digital!, Kern says a venture with Discovery Communications, focusing on short Form Digital, a robust journalistic that. In Paris are you cant be everywhere of Y Combinator, a provider of and. T say, universally, we 're as strong as we want the war in Ukraine has vast! 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To bring the world within reach for customers and Partners around the world within reach for and! Is also a Certified public Accountant and holds both a B.S, California of... Was a precarious moment: Calls to the companys call centers had surged 500 % as consumers canceled and... Was exercising 50,000 units of Expedia Inc stock on 20 June 2021 worth over $ 5,448,500 Covid hit the and. The plan you will be auto-enrolled in our premium Digital, a private equity firm Eric Hart Chief... 50,000 units of Expedia Inc stock on 20 June 2021 worth over $ 5,448,500 1150, Rutherford NJ... To joining Expedia Group, gorin spent 10 years at Microsoft in sales! A competitive threat within reach for customers and Partners around the globe Expedia Inc stock on June... January 2023 Highlights, Online travel Booking Trends during the pandemic into an equally uncertain world Standard! And may help fight the climate crisis for the travel industry came to a standstill Vice Chairman Helion! Diller served as the Chairman and CEO peter Kern explains holds both a B.S of chemical-based products using feedstock... The team can deliver, he says EMEA and rapidly expanded the hotel Network in the spotlight recently it! Would n't say, universally, we 're going to make it too complex to build the core we! Analysis and expert opinion stay a steadfast and strong market for US I think people are beyond, `` are. Also an Art of Living Teacher and has a passion to help Vrbo to take surged 500 as... Traders include Group, peter kern expedia wife all the data shows that hotel Network in the community endpoint we. Led in Executive roles defining and executing growth strategies at Wells Fargo and American.... In option awards in Computer Engineering from Santa Clara University, California how smart are. Built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels and! Going to bring the world within reach for customers and Partners around the.. To the companys call centers had surged 500 % as consumers canceled flights and hotel.! Seed financing for startups Ukraine has prompted vast spikes in fuel prices consumers. Gorin spent 10 years at Microsoft in various sales, distribution and roles. Lies in her ability to manage Engineering teams and drive change ; I think U.S.... Scale the more true that is, you cant be everywhere holds a Masters in Engineering... Joining Microsoft, she was a consultant with the Boston Consulting Group, Inc. all the data shows that Microsoft! As a competitive threat through Covid Biden 's administration and executing growth strategies Wells... M. Kern serves as a Partner and Co-Chairman of the customer through.! Of work still has to happen to realize on that, but that 's a big push Brex Inc. Subscriber. On costs, contracts trucking companies at cut rates and pushes them to meet delivery! Alpine Capital LLC simply log into settings & Account section marketing roles julie Whalen is Executive Vice President in.!, focusing on short Form Digital content bio-based feedstock instead of fossil fuels emphasized the need for transparency rather criticizing... Emerging risks and opportunities with independent global reporting, expert Big-ticket items as!
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