During COVID-19, Expedia's treasury team secured nearly $4 billion in capital to keep the business alive when travel stopped. The speaker shares how his team rebuilt cash forecasts around the clock and offers career advice: put numbers on your resume, not job descriptions, and ask candidates questions that test how they think.
Chapters
So I would say the, certainly the pandemic, the COVID impact, just professionally, that was probably the most intense period of my career. We were working 247 for perhaps six months or more during that year. When global travel came to a halt, liquidity became the number one priority for the business. So our team embarked on an effort to rebuild the cash forecast from the ground up and worked really hard with finance, senior leadership, other stakeholders to navigate that uncertainty. And the work that we did ultimately enabled Expedia to raise nearly $4 billion in capital and weather the storm, and was pretty remarkable to see how treasury directly contributed to the resilience of the company. As you're going through resumes and looking at their skills and experience, a resume that highlights accomplishments and what they've done in quantifying the impact stands out over a resume that looks more like a rewritten job description. That's just more going to. Here's what I did day to day. And so that tells me a lot. If I can see what an individual's accomplished and achieved. And then when I'm speaking with them, I'm going to ask them questions that probe a little bit to, to really test for their thinking process and how to have them prove back to me, what's the analysis that you did to get here and how did you test your assumptions?