Reported about 1 year ago
Booking Holdings CEO Glenn Fogel stated in an interview that the company prefers not to attract investors focused on stock splits as its stock price approaches $4,000 per share. This approach aligns with Warren Buffett's philosophy at Berkshire Hathaway, where high stock prices are preferred to attract long-term, investment-focused shareholders. Both CEOs prioritize long-term growth over short-term stock price fluctuations, emphasizing the value of the business, such as Booking Holdings' strategic initiatives like leveraging artificial intelligence for personalized travel experiences, rather than stock splits.
Source: YAHOO