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Unidentified Speaker, -
BUILL MARRIOTT. EARLIER
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| 00:00:18 |
HOST, -
THIS YEAR, PRESIDENT OBAMA WAS TALKING ABOUT WHAT MANY COMPANIES IN CORPORATIONS RECEIVING BAILOUTS ARE DOING WHEN THEY'RE TRAVELING TO CONFERENCES...
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| 00:01:10 |
GUEST, -
CAMPBELL-- WE HAD 12 GROUPS CANCELED. WE'RE SEEING A LOT OF CANCELLATIONS AROUND THE COUNTRY AS A RESULT OF PEOPLE BEING SCARED. THEY ARE SCARED TO...
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| 00:02:28 |
HOST, -
AN UPTICK. HOST: PEOPLE HAVE BEEN TALKING ABOUT
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| 00:02:34 |
GUEST, -
OPTIMISM AND SIGNS OF HOPE. ARE YOU SEEING THAT ON YOUR BOTTOM LINE? GUEST: WE ARE NOT SEEN THAT YET, BUT WE ARE SEEING FEWER CANCELLATIONS AND MORE...
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| 00:02:53 |
HOST, -
CARLTONS ARE PRETTY FULL. I STAYED IN SCOTTSDALE, ARIZ., A FEW
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| 00:03:01 |
GUEST, -
WEEKS AGO. THEY HAVE OVER 80% OCCUPANCY. WE ARE SEEING STRONG TRANSIENT BUSINESS. THE GROUP BUSINESS HAS BEEN HAMMERED BY THE TOXIC RHETORIC FROM WASHINGTON....
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| 00:03:33 |
HOST, -
RECIPIENTS. IT BASICALLY SAID IF YOU ARE A RECIPIENT, YOU SHOULD NOT BE PLANNING A MEETING OR ENTERTAINMENT
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| 00:03:43 |
GUEST, -
EVENTS. YOU SHOULD BE VERY CAREFUL ABOUT HOW YOU SPEND YOUR TARP MONDAY FOR MEETINGS AND CONVENTIONS. THIS SPIKED ADDITIONAL CANCELLATIONS OF MEETINGS....
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| 00:05:12 |
HOST, -
TO THE WHITE HOUSE. WE WERE FORTUNATE TO HAVE A MEETING WITH THE
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| 00:05:16 |
GUEST, -
PRESIDENT. HIS VERY SUPPORTIVE. WE TELL THEM ABOUT THE PROBLEM -- WE TOLD HIM ABOUT THE PROBLEM. GIBB -- ROBERT GIBBS DID SAY THE PRESIDENT WAS SUPPORTIVE...
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| 00:05:58 |
HOST, -
IN 1960, THE AVERAGE CEO IN AMERICA MADE 40 TIMES WHAT THE AVERAGE WORKER MAY. WE ARE UP TO FOUR HUNDRED TIME -- WE ARE UP TO 400 TIMES WHAT THE AVERAGE...
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| 00:06:50 |
GUEST, -
WOULD BE $100 PER DAY. THERE IS A BIG GAP. THERE IS NO QUESTION ABOUT THAT. WE'RE CONCERNED ABOUT THAT. WE WATCH IT CAREFULLY. WE ARE VERY CONCERNED...
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| 00:07:43 |
HOST, -
WILL GET THEM FIRED INSTEAD OF LAYING THEM OFF. UNFORTUNATELY, I HAVE SEVERAL FRIENDS IN THE INDUSTRY WHO ARE SEEING THAT ALL AROUND. THEY ARE ALSO...
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| 00:08:34 |
GUEST, -
HAVE TO DO IS KEEP AS MANY EMPLOYEES ON THE PAYROLL AS WE CAN. WE HAVE HAD TO REDUCE HOURS. WE'RE DOING THE BEST WE CAN TO RETAIN PEOPLE. THAT IS THE...
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| 00:09:17 |
HOST, -
YOUR COMPETITORS. IN THE 1990'S, I WAS WORKING AND FOUR-STAR RESTAURANTS. AS SOCIETY BEGAN TO CHANGE FROM SINGLE PEOPLE GOING OUT TO EAC T AND CONVENTIONS...
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| 00:10:36 |
GUEST, -
MARRIOTT USING CENTRAL MEDIA TO CONNECT, KEEP, AND RETAIN THE GUESTS? GUEST: HOW YOU DEFINE SOCIAL MEDIA?
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| 00:10:52 |
HOST, -
HOST: BLOGGING AND FACEBOOK. GUEST: I HAVE IN BLOGGING FOR 1.5 YEARS. IT IS VERY IMPORTANT TO CONNECT WITH THE CUSTOMERS. I FIND IT
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| 00:11:09 |
GUEST, -
IS IMPORTANT TO TALK ABOUT MY FAMILY, MY PERSONAL LIFE, AND SOME OF THE THINGS I DID. THAT SEEMS
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| 00:11:16 |
HOST, -
TO HAVE MORE CAN ACTIVITY WITH THE CUSTOMERS THAN ANYTHING ELSE I DO. -- THAT SEEMS TO HAVE MORE OF A
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| 00:11:22 |
GUEST, -
CONNECTION WITH THE CUSTOMERS THAN ANYTHING ELSE I DO. THANK YOU. HOST: YOU CAN GO TO TWITTER.COM TO SEND US A TWEET. CALLER: I AM CURIOUS ABOUT THIS....
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| 00:11:52 |
HOST, -
GUEST: WE'RE LOOKING AT BUSINESS BEING ABOUT THE SAME AS IT HAS BEEN IN THE FIRST QUARTER. WE EXPECT OUR COMPARISONS WILL BE EASIER AND THE THIRD AND...
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| 00:12:14 |
GUEST, -
SOME BUSINESS IN 2010. THE BOOKINGS ARE SOLID FOR 2011. HOST: IN JANUARY OF 2008, YOU TALKED ABOUT THE ECONOMY OF THE NATIONAL PRESS CLUB. YOU HAD...
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| 00:12:42 |
HOST, -
THAT. THE CREDIT CRUNCH IS A SERIOUS CONCERN. AS FAR AS THE ECONOMIC STIMULUS PACKAGES ARE CONCERNED, WE NEED TO KEEP TAXES LOW. THE LAST THING WE NEED...
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| 00:12:53 |
Unidentified Speaker, -
DOLE, TO GIVE OUT A LOT OF MONEY, AND RAISE TAXES TO COVER IT. WE NEED TO BE SENSIBLE AND CAUTIOUS. THE BEST THING WOULD BE TO CONTINUE TO KEEP INTEREST...
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| 00:13:57 |
HOST, -
HOTELS WHO WANTS TO BUILD A NEW COURTYARD. HE
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| 00:14:01 |
GUEST, -
HAS APPROACHED 75 LENDING INSTITUTIONS AND COULD NOT GET A LOAN. HE WAS WILLING TO PUT UP A LOT OF HIS OWN MONEY. THERE IS A LOT OF EQUITY MONEY ON...
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| 00:14:42 |
HOST, -
OF THE PRIVATE INDUSTRY ALTOGETHER. IT HAS NO BUSINESS ON SAYING WHOEVER HIRES ANYBODY. THIS IS AMERICA. THIS IS A CAPITALIST SOCIETY. THE GOVERNMENT...
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| 00:15:23 |
HOST, -
OURS. WE CANNOT CUT SALARIES IN HALF AND GO INTO THE MARKETPLACE TO RECRUIT. WE CANNOT RETAIN IF WE PAY LESS THAN MARKET SALARIES. WE CANNOT RETAIN...
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| 00:15:37 |
GUEST, -
BECAUSE OF THE MARKETPLACE. THE GOVERNMENT SHOULD NOT BE DICTATING SALARIES. HOST: MARRIOTT EMPLOYS APPROXIMATELY 300,000 PEOPLE IN 67 COUNTRIES. GO...
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| 00:16:03 |
HOST, -
NOT TELLING COMPANIES WHAT THEY SHOULD GET PAID. DO YOU THINK IT IS OK FOR PEOPLE TO MAKE $50 MILLION PER YEAR AND RUN THEIR COMPANIES INTO THE GROUND?...
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| 00:16:44 |
GUEST, -
TO SACRIFICE. WE EXPECT THEM TO SACRIFICE AS WELL. THE CEO SHOULD BE PAID ON FOR PERFORMANCE. IF THE PERFORMANCE IS NOT THERE, THEY SHOULD NOT GET PAID....
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| 00:17:18 |
HOST, -
MUCH NEEDED. THIS WOULD BE IMPORTANT IN BRINGING PEOPLE TO OUR SHORES. IN 2007, WE HAD 2 MILLION INTERNATIONAL VISITORS LESS THAN WE HAD IN 2000....
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| 00:17:38 |
GUEST, -
IS TO BE WITH THE DOLLAR. WE HAVE TO BE VERY CAREFUL THAT WE DO SOMETHING IN THE UNITED STATES TO PROMOTE INTERNATIONAL TRAVEL. THE INTERNATIONAL...
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| 00:18:45 |
HOST, -
LINE. CALLER:
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| 00:18:49 |
GUEST, -
I HAVE A QUESTION. I AM LIVING IN IOWA. I USED TO BE MADE AT A MOTEL. I WANTED TO COMPLIMENT YOU ON WHAT YOU HAVE DONE. YOU DO GIVE A LOT OF
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| 00:19:02 |
HOST, -
JOBS. -- I USED TO BE A MAID AT A MOTEL. MOST MAID'S ONLY MAKE $7.25 PER HOUR. OUR HIGHEST-PAID MAN AS MAN ONLY MAKES $11 PER HOUR. WOULDN'T IT BE ADVISABLE...
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| 00:20:00 |
GUEST, -
COMING TO WORK THERE. YOU HAVE TO LOOK AT EACH CITY AND STATE AND COUNTRY ON A DIFFERENT BASIS. YOU HAVE TO ANALYZE WHAT IS GOING ON IN THE MARKETPLACE....
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| 00:20:37 |
HOST, -
BILDERBERG. NEAR DULLES AIRPORT, ALL OF THE HOTEL GUESTS WERE EVACUATED. THE NEXT DAY, BILDERBERG CAME IN AND TOOK OVER THE HOTEL. GUEST: CANNOT COMMENT...
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| 00:21:18 |
GUEST, -
OCCASION TO WORK FOR YOUR COMPANY IN THE PHILADELPHIA MARKET AS A CONTRACTOR. I CAN TELL THE PUBLIC THAT YOUR ATTENTION TO DETAIL BORDERS ON BEING...
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| 00:21:35 |
HOST, -
PROJECT. I GET AROUND THE STATE OF NEW JERSEY QUITE A BIT. I WAS THERE LOOKING AT THEM PUTTING UP OF MARRIOTT. YOU STILL HAVE A COMMITMENT TO THE INNER...
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| 00:22:33 |
GUEST, -
HOST: WHAT IMPACT WOULD THIS BILL HAVE ON THE HOTEL BUSINESS LIKE MARRIOTT? GUEST: THE WORK RULES THE UNION WOULD REQUIRE UNDER ANY CONTRACT REDUCES...
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| 00:22:57 |
HOST, -
OF FOUR FIXED CHARGES AND DEPRECIATION, IT WOULD CUT IT DOWN FROM 25% DOWN TO
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| 00:23:04 |
GUEST, -
15%. IT WOULD BE DEVASTATING TO OUR BOTTOM LINE. WE HAVE A FEW HOTELS THAT ARE UNIONIZED. WE KNOW WHAT THE COSTS ARE. WE KNOW HOW SEVERELY THE IMPACT...
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| 00:23:38 |
HOST, -
UNION 'S ABILITY TO INTIMIDATE PEOPLE TO VOTE FOR THE UNION. WHAT ABOUT 50% WHO DO
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| 00:23:46 |
GUEST, -
NOT SIGN AND DO NOT WANT THE UNION? THEY DO NOT GET A CHANCE TO VOTE. IT IS A VERY 1-SIDED BILL. IT HAS NOT IN THE ATTRACTION THE UNIONS HOPED IT...
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| 00:24:23 |
HOST, -
INDEPENDENTS' LINE.
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| 00:24:27 |
GUEST, -
CALLER: I REMEMBER YOU FROM WASHINGTON IN 1969 TO 1971. MORE RECENTLY, I HAVE BEEN AN OVERNIGHT GUEST OF YEARS FOR ABOUT 2000
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| 00:24:41 |
HOST, -
NIGHTS OVER THE COURSE OF MY LIFE. I HAVE STAYED IN A LOT OF MARRIOTTS. MARIE IS A MANAGER ARE PROBABLY NO BETTER THAN ANY OTHERS. SHE TAKES GOOD...
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| 00:26:01 |
HOST, -
ARE REFERRING TO. HOST: ONE OF
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| 00:26:06 |
GUEST, -
OUR VIEWERS SAYS THAT SHE STAYS IN YOUR HOTELS A LOT. HE WAS TO KNOW WHY HE CANNOT RECEIVE C-SPAN. GUEST: WE WILL HAVE TO WORK ON THAT. [LAUGHTER] CALLER:...
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| 00:26:26 |
HOST, -
MARRIOTT. I WAS A FORMER EMPLOYEE OF YEARS AT JFK AIRPORT BACK IN THE 1980'S WITH THE INFLIGHT SERVICE. GUEST: I REMEMBER THAT
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| 00:26:38 |
GUEST, -
WELL. CALLER: I ALSO WORKED IN CORPORATE DINING IN NEW YORK CITY. MY QUESTION IS WHAT HAPPENED TO ALL OF THOSE JOBS? GUEST: GOT OUT OF THE IN-FLIGHT...
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| 00:26:58 |
GUEST, -
JUST-IN-TIME BACK IN THE 1980'S WHEN THE AIRLINES STOPPED PUTTING FOOD ON AIRPLANES. WE DECIDED TO STICK STRICTLY WITH LODGING IN HOTELS. WE THOUGHT...
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| 00:27:14 |
GUEST, -
HOST: MARRIOTT INTERNATIONAL -- TALK ABOUT HOW MARRIOTT INTERNATIONAL GOT STARTED. GUEST: MY PARENTS CAME EAST FROM WASHINGTON AND OPENED UP OUR ROOT...
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| 00:27:36 |
HOST, -
THE 1930'S AND 1940'S, THEY DON'T DRY BEEN WASHED -- THEY BUILT DRIVE-INS IN
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| 00:27:45 |
GUEST, -
WASHINGTON. THEN THEY BRANCHED OUT INTO HOTELS. HOST: YOU CAN GO TO MARRIOTT.COM TO READ HIS POSTINGS. WE APPRECIATE YOUR TIME. IF YOU WANT TO WATCH...
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.