Monday, May 2, 2016

TechFlash: Expedia CEO's $95M; Facebook building expands; Fred Hutch's new COO

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TechFlash: Seattle's Technology News Source

Expedia CEO Dara Khosrowshahi made nearly $95M in 2015

The compensation includes stock options valued at nearly $84 million, most of which he's guarantee if he's still employed in about five years. The rest – about 40 percent of the stock options – depend on whether Khosrowshahi can get Expedia's stock price up to $170 per share by September 2020. Expedia stock opened at more than $115 per share on Monday.

Facebook's new Seattle building opens soon and already it's expanding

Plans submitted to the city show that the developer will add up to another 165,000 square feet of office space to the Dexter Station project.

Fred Hutch snags Knight Cancer Institute exec as new COO

Steve Stadum is stepping down as COO of the Knight Cancer Institute at Oregon Health & Science University in Portland to take on the COO role at Fred Hutch in July.

Seattle Genetics gears up for big expansion of cancer drug pipeline

Seattle Genetics is launching an array of drugs into clinical trials, with plans to report data on some of them later this year.

What Amazon is doing with 60 truckloads of cement in eastern North Carolina

In eight months, Amazon debuts what's been called the first utility-scale wind farm in North Carolina.

What do you do in a VC slowdown? Take the smart money

Now, funding is a little harder to come by. Startups should focus on the smart money and seek out better terms, even if it means at a lower valuation.

Boeing saved $305M from tax credits in 2015 – union calls that a 'bad return'

Boeing gained $305 million from 2015 tax credits, but claims it gave $13 billion back.

National Tech News

Mass. activist investor asks Facebook, Apple, Google to pay women equally

Fidelity reverses many valuation markdowns, as VC predicted

Yahoo executives to bank millions if troubled company is sold

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