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Travel Industry Wants Handout

I found Marilyn Carlson Nelson's article, "A Little Hospitality, Please," (CE: January 2002) discouraging. It's not exactly true that September 11 played the key role in the decline of tourism. Airlines, hotels and other travel-based industries were feeling the crunch as early as last summer.

Nelson's advice to "go as a leader" apparently means to go to Washington with hat in hand. It's nice to know that Nelson has joined the ranks of so many business "leaders" this winter in begging the government for a bailout. From this traveller's perspective, there are too many travel agents, most of whom offer no real service or value and serve as middlemen. A paring of this bloated "business" is in order. There are also far too many hotels...

The automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide.  also felt a serious blow after September 11. Those CEOs didn't go to the government for relief. In fact, the government came to them and asked what they were going to do to keep sales going.

The hospitality and travel industry is overdue for a shakeout. Most successful manufacturers have long understood that you don't build a lot of excess product and then try to create demand. You succeed by serving your customers properly.

Mike Gardner

TPM (1) See TP monitor.

(2) (Transactions Per Minute) The number of transactions processed within one minute. See TPS.

(3) (Trusted Platform M
 Leader

CME CME

See: Chicago Mercantile Exchange


CME

See Chicago Mercantile Exchange (CME).
 Corp.

Mt. Pleasant, Mich.

Verizon Board Recognized

We were delighted with Chief Executive's designation of our board as among America's five best ("America's Best and Worst Boards," CE: October 2001).

Verizon feels very fortunate to have board members who bring to the company the highest level of advice and counsel through a broad spectrum of capabilities and experience.

As we work nonstop to restore telecommunication services in Manhattan in the wake of September 11, we're discovering more than ever the critical importance of our intellectual assets. Having one of the best boards in the nation is a source of pride.

The recognition you have given us is not only gratifying grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
, but reinforces our determination to become, by any measure, the best company we can be.

Charles R. Lee

Chairman & Co-CEO

Verizon Communications
"Verizon" redirects here: this article is about the corporation; see also Verizon Wireless, Verizon Online DSL and Verizon FiOS.


Verizon Communications, Inc.
 

New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 

Enron Board Exposed

After reading "Oh, the Games Enron Played" in a recent Wharton Strategic Management article, I referred to the October 2000 issue of Chief Executive to find Enron listed among the five best boards of 2000 ("The Five Best and Five Worst Boards of 2000," by Robert Lear and Boris Yavitz).

Of course, it's easy to call Sunday's game the following Monday morning.

Interestingly, Lear's introduction says, "Why are some boards asleep at the switch? Why do they fail to notice red flags? To take action when the handwriting looms large on the wall, readily readable to shareholders, analysts and the media?"

In the case of Enron, a Monday morning introduction might have said: Blessed are they who look beyond what is reported according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 FASB FASB

See: Financial Accounting Standards Board


FASB

See Financial Accounting Standards Board (FASB).
 rules and woe to them who do not.

I'm not laughing at, but really with, Lear and Yavitz, whose subtle message probably is: Believe no more than 10 percent of what you read and then discount by 99 percent that which you are inclined to believe.

I still like your publication. I'll just look elsewhere for investment advice!

Jim Kashin

Pittsburgh

Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run  Article Was on Track

I wanted to take a moment to offer my congratulations on the terrific job William Miller William Miller or Bill Miller may refer to (items are alphabetized according to the word in boldface): Australia
  • William Miller (Australian athlete) (1847-1939)
  • Bill Miller (film producer)
  • William Miller (minister) (1815-1874)
 did capturing the challenges of my work at Amtrak ("Amtrak's Unforgiving Timetable," CE: December 2001). I have yet to read a more insightful profile of this position.

George D. Warrington

President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  

National Railroad Passenger Corp. (Amtrak)

Washington
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Chief Executive (U.S.)
Date:Feb 1, 2002
Words:593
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