Word: marriott
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...When the Marriott Corp. offered Robert Souers, 38, a job last summer, he talked salary and benefits for a few moments and then popped the big question: "What about relocation? Let's not continue to talk if there isn't a good relocation plan." Marriott was facing a problem that increasingly worries corporations throughout U.S. business: employees are reluctant to move because of the stratospheric cost of housing and mortgages...
Souers had an attractive 8¾% mortgage on a four-bedroom colonial house in River Edge, N.J., that had cost him $68,000 in 1977. He was working in New York City for the Sperry Corp., but Marriott wanted him to move to its corporate headquarters in Bethesda, Md., outside Washington. Says Souers: "I wanted to be sure that my pay increase was not completely eroded by the high housing costs and the expense of living in the Washington area...
...Marriott, though, was prepared for the problem. In addition to the salary increase, it offered to buy Souers' New Jersey house for a price determined by averaging two independent appraisals, to pay up to a five-percentage-point difference between his old mortgage and a new one, to pick up all the closing costs connected with the sale of the two properties and to pay for two house-hunting trips...
Every day, U.S. commercial airlines buy and burn $31 million in gasoline and jet-aviation fuel. Air carriers are a primary market for companies as diverse as Boeing Co. of Seattle, the world's leading maker of commercial aircraft, and Marriott Corp. of Washington, B.C., a hotel, entertainment and food services company that daily provided approximately 180,000 meals aloft before the strike. Airlines may be more dependent upon computers and data-processing equipment than any other private sector of the U.S. economy outside of banking and finance...
...Brown University last week, sophomore butterfly ace KATHLEEN "MAD MAC" McCLOSKEY celebrated her twentieth birthday in fine style. Not only did she receive several cakes and a few singing serenades, but the team presented her with a rubber duck life preserver which she wore to lunch at the Marriott Hotel...Although co-captain and Rhodes Scholar DEBBIE JACOBS was prevented from competing in the Ivies because of a broken arm, she suited up--cast and all--for the 100-yd. freestyle and got onto the blocks to wave and smile when her name was called..Although the women's swim...