Embed Size (px)
DESCRIPTION
Meet the Money® is the annual hotel finance conference presented by the hotel lawyers of JMBM's Global Hospitality Group®. The slides were presented at the 20th annual Meet the Money® conference held in Los Angeles on May 3-5, 2010. For more information on the conference, see www.MeetTheMoney.com. See other presentations from MTM at http://hotellaw.jmbm.com/meet_the_money/.For more information on a broad range of hotel law subjects, see www.HotelLawBlog.com.This presentation was made by Benoit Gateau-Cumin, President of The Boutique Search Firm.
Citation preview
WHAT A DIFFERENCE A WHAT A DIFFERENCE A MILLENNIUM MAKESMILLENNIUM MAKES……
WHAT A DIFFERENCE A WHAT A DIFFERENCE A MILLENNIUM MAKESMILLENNIUM MAKES……
Before the Nineties…Before the Nineties…When hotels were run by
hoteliers
2010…2010…When hotels are run by finance and marketing
generalists
Who Am I?Who Am I?
Upon graduating from CornellCornell in 1975, I embarked on an 11-year Hospitality career in hotel operations. For the past 23 years, I have been in Executive Search, exclusively in Hospitality. In 1992 I launched The Boutique Search The Boutique Search FirmFirm.
Take Me To Your Leader
The purpose of this presentation is to illustrate that, as our industry has changed over the past 20 years, the type of leadership it has been calling upon has greatly changed as well.
While hotel companies used to be managed by hoteliers, they are now managed by generalists, regardless of their field of expertise.
Before the 90’sBefore the 90’s
Lifetime Company Men and Women
Hotel Degrees-Cornell or Lausanne
Hotel Companies would do on-campus recruitment
Management Training Programs
Generational Hoteliers
Nepotism and Mentoring
90’s and Beyond90’s and Beyond
No longer “General Manager” But “CEO” or “COO” NOT a hotel specialist NOT a hotel school graduate
The ChangemakersThe ChangemakersThe ChangemakersThe Changemakers
The revolution that took place can be illustrated with these emblematic
individuals:
*Barry Sternlicht
The Sternlicht/Nanula EffectThe Sternlicht/Nanula Effect
*Stephen Bollenbach
How BollenbachBollenbach turned
HiltonHilton on its head
How BollenbachBollenbach turned
HiltonHilton on its head
What This MeansWhat This MeansWhat This MeansWhat This Means
No longer a “Field of Dreams” industry
““Build it and They will Come”Build it and They will Come”
*Tremendous strategic and leadership skills required
*Only the sharpest minds will catch the attention of the Board of Directors’ Search Committees
Ties to PowerTies to Power
Little or no representation for the hotel industry in Washington, D.C.
The reason:
limited credibility
limited connections to the highest levels of power
Coming SoonComing Soonto a White House near you
Coming SoonComing Soonto a White House near you
Our Own: Hank Paulson Dick Cheney
