Word: marriott
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...Marriott Corp., which handles the food concessions at Dodger Stadium in Los Angeles, issued a memo last month ordering vendors to "keep working during The Star-Spangled Banner." Employees rebelled, and the company dropped the idea two weeks later...
...travelers can fly from the West Coast to London, Paris or Frankfurt on United. Northwest Airlines will give a free round-trip domestic ticket to any passenger who flies to Asia between April 1 and June 15. Even the hotel chains are getting in on the act. This week Marriott Hotels, which suffered a 5% to 10% drop in inquiry calls during the war, will launch its first national television campaign in five years...
...most obvious ways for companies to make ends meet is to cut costs, which includes heavy trimming of the payroll. Over the past two years, Goodyear has pared its work force by some 6,000 workers, to 109,000. Businesses are also reducing overhead by cutting expenses and perks. Marriott, the highly leveraged hotel chain, recently instituted a salary freeze of up to one year for senior managers and three months for administrative and clerical help. Harcourt sold off its fleet of corporate jets and got rid of its chauffeur-driven limousines...
...architects and developers have reshaped the American city as dramatically as John Portman has done in the past quarter-century. From the hulking Marriott Marquis hotel in Manhattan to the sprawling Embarcadero Center office % complex in San Francisco, Portman has left an imposing mark on urban skylines. But the Atlanta-based master of the vaulting atrium and the skylighted ceiling faces a severe cash crunch. In October, burdened by more than $2 billion in debt and hurt by low occupancy rates in many of his buildings, Portman surrendered to creditors his control of Atlanta's 13-block Peachtree Center...
...competition has stolen away some of Citicorp's top-drawer clients. The bank was taken aback recently when it lost Marriott Hotels, a longtime corporate customer, to a group of Japanese rivals. Citi has also watched nervously as competitors expanded their American beachheads. Britain's Barclays Bank is enlarging its U.S. operations to target multinational firms, many of them Citicorp customers. Of all the rivals on Citi's turf, Reed considers Deutsche Bank "the biggest and most formidable" because of its commanding presence in Europe...