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Entries in Marriott (3)

Monday
Dec032012

Romney Gets the Job - As Marriot Board Member

Justin Sullivan/Getty Images(BETHESDA, Md.) -- Mitt Romney is heading back to work.  

Marriot International announced today that the 2012 Republican presidential nominee will rejoin its board of directors after a nearly two-year hiatus.

Romney previously served on the hotel chain’s board from 1993 to 2002, and then again from 2009 to January 2011, as he readied for his second presidential campaign.

J.W. Marriot, Jr., the corporation’s top chairman, expressed as much confidence in Romney the businessman as he had in Romney the candidate, for whom he was a strong supporter and fundraiser.

“We are delighted that Gov. Romney has agreed to rejoin our board, on which he has served with distinction twice before,” Marriot said in a statement.  “We will benefit from his tremendous energy and capability to guide long-term success in an increasingly complex business environment.”

Copyright 2012 ABC News Radio

Friday
Sep092011

Marriott Millionaire's Son Wins $107 Million in Virginia Lotto

Stockbyte/Thinkstock(HERNDON, Va.) -- Some people have all the luck. Brian McCarthy, son of millionaire Marriott executive Robert McCarthy, can add an extra $107 million to his family fortune from the Virginia lottery.

The 25-year-old bachelor bought five tickets on a whim at the Herndon, Va., grocery store Giant. He had gone in to use the ATM and bought five tickets without even knowing how much the prize money was. He didn't even pick personal lucky numbers, letting the computer pick them for him.

A few days later, he checked Facebook for the winning numbers and got the surprise of a lifetime.

"I jumped out of bed, poured my wallet out and looked at the numbers and I had the ticket," McCarthy told ABC's Washington D.C. affiliate WJLA.

When McCarthy collected the money, he chose to take the lump sum instead of receiving the money in yearly payments over the course of 26 years. The lump sum totaled $68 million before taxes.

"I'd like my family to be able to enjoy it as much as I can.  And also help out some charities along the way," McCarthy said.

At the time, McCarthy was working as an account manager for Pepsi. He has since left that job.

So far, he has taken a golfing trip to Ireland, traveled to Alaska with his sister and bought a BMW M3, a car that starts at about $59,000.  As for charities, he has donated $25,000 each to two, including the Herndon Optimist Club, which helps local children.

"It's a surreal feeling. It's something that you read about in the newspaper about somebody else," the lottery winner's dad, Robert McCarthy, told WJLA. "And so when it affects you in a great way, I think [there are] a lot of good things with it, but it also comes with a serious amount of responsibility."

As group president for Marriott International, McCarthy's father oversees the finances and leadership of more than 3,500 hotels in the Americas, spanning multiple brands. He also oversees Ritz-Carlton for the corporation, according to Marriott's website.

Forbes reports that Robert McCarthy made more than $1.2 million in 2009.

The younger McCarthy's isn't the first case of the rich getting richer from the lottery. In 2008, a millionaire banker who grew up in Long Island, N.Y., won the state's first "$1 million a year for life" scratch-off game.  And, as icing on the cake, since Kenan Altunis lives in London, he does not have to pay taxes on his prize. This means he gets $931,500 a year for the rest of his life.

And in 2007, Wisconsin Rep. Jim Sensenbrenner won the lottery for the third time. He has won $250,000 and $1,000 twice.  He is the millionaire heir to the Kimberly-Clark fortune, which is responsible for Kleenex and Scott paper towels. He is reportedly worth more than $11 million.

Copyright 2011 ABC News Radio

Tuesday
Mar292011

Walmart and Women: How Do Other Big Companies Embrace Female Workers?

Justin Sullivan/Getty Images(NEW YORK) -- Carly Huey never thought she'd still be working for Patagonia.

"I started working in the Boston store in 1997 as a sales associate," Huey said.

Huey thought the job would only last a year, but two kids and multiple promotions later, she has now been with the company for more than 10 years.

She climbed the ladder from sales associate to district manager, holding three other positions along the way.

Patagonia offers "no cost" health insurance for its employees, even to those who work just 20 hours a week. Almost everyone at the company, 99 percent of employees, work a flexible schedule: Leaving to attend a child's soccer game is actually encouraged.

The result of this kind of workplace is that women have stayed and excelled at Patagonia. Today, 62 percent of the company's top executives are women, and what is good for women is good for business.

"There's a huge return on investment for companies who invest in their female employees and in their hourly workers, and that investment pays off by having talented people who stay," said Carol Evans, president of Working Mother Media.

Marriott International extends its hospitality to all employees. The hotel chain offers perks like flextime and training to everyone, including front desk workers and housekeepers.

Marriott also promotes from within the company, and five of the company's 12 vice presidents are women.

Over at McDonalds, even part-time employees can apply for the 401k program and purchase health insurance.

If an employee wants to go back to school, McDonalds will reimburse them. Sixty-four percent of store managers at the company are women and 70 percent of them started flipping burgers.

This means that the girl taking orders behind the counters has a real shot at eventually being the company's CEO.

Copyright 2011 ABC News Radio 







ABC News Radio