Originally Posted by
hotelboy
+!,000,000
Good job Hotelboy!
Arne Sorenson in a genius in the true sense of the word.
Bringing the Delta, Ritz-Carlton, and Starwood chains, among others, into the Marriott family displays the intelligence, foresight, and acumen of the industry that few among us possess.
Yes, there were a few hiccups combining the benefits part of the merger. However, compared to other mergers of companies of similar size, this one was VERY successful. That is a fact.
The chronic whiners and malcontents will continue to complain and nitpick. What else is new? What this merger represents is a victory of innovation and unparalleled triumph for Mr. Sorenson and the entire Marriott team. The whiners will continue to bray, but JW would be very proud of what Mr. Sorenson has done for his company.
In case anyone has any doubts, just ask Wall Street what they think.
The Marriott stock price on March 12, 2012 when Mr. Sorenson was named CEO was 37 bucks a share. It is now at $130 a share.
There aren't a lot of investments where you can get a 350% return in 7 years!!!
You can be sure that Forbes doesn't put Mr. Sorenson in the Top Ten of CEO's for being a failure. Au contraire mes amies....
I'm just surprised that Forbes didn't put him in the Top Five.....
Newman