Loews CEO Tisch Says U.S. Sounded Hotel ‘Death Knell'
From Bloomberg.com:
Loews CEO Tisch Says U.S. Sounded Hotel ‘Death Knell,’ Hurt AIG
Feb. 9 (Bloomberg) -- Jim Tisch, the leader of Loews Corp., said the U.S. did a “good job of killing” the hotel business by lambasting corporate travel and hurt American International Group Inc.’s ability to return bailout funds by curbing pay.
“The criticism that took place of group travel was really a death knell for the industry,” Tisch said yesterday in an interview at an office of the New York-based holding company, which owns hotels. “It’s easy for the politician to get the sound bite. What they are doing with those sound bites is putting maids and bellmen out of work.” Click here for the full story.
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