Historically, CEOs of public companies serve shareholders — but Airbnb chief Brian Chesky says people expect business leaders who are also accountable to customers, and issues such as sustainability. An IPO is planned for this year. hereandnow
in 2020 last year. Brian Chesky, chief executive and co-founder, says his team is working to ensure the company has a successful initial public offering — though he can’t comment when he expects it to happen.
following the end of the company’s IPO lockup period. But Chesky says he and his two co-founders — Nathan Blecharczyk and Joe Gebbia — plan to continue investing and maintain their large roles in the company. When he started the company, Chesky says he and Gebbia couldn’t afford their San Francisco rent. The weekend they started the company, all of the hotels in the city were sold out, so they decided to turn their house into a bed and breakfast to house people for a design conference.
Some critics of Airbnb say the company turns residential communities into neighborhoods full of tourists and fights regulation. But Chesky says the company tries to strengthen cities by working with each one individually and providing data to help communities make the right decisions. To try to keep the company accountable to all people impacted by the platform, Airbnb has adopted a set of “21st-century principles.” These corporate governance guidelines aim to help the platform strengthen the communities it serves and rectify any negative impacts, he says.
“Frankly, what I would say is the best thing for shareholders are companies that society wants to exist,” he says. “Society is not going to want companies to exist if they don't think they actually are taking them into consideration.”
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