Bailout Bill
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BTN's 2011 U.S. Hotel Chain Survey
… named for a widely criticized incentive trip the insurance giant held at a St. Regis property shortly after receiving federal bailout money—is beginning to fade. Frits van Paasschen, president and CEO of St. Regis parent company Starwood Hotels and Resorts …
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Re-Regulation Rears Head In Senate Merger Hearing
… allow you to make certain amounts of reasonable profit?" The CEOs, however, resisted the suggestion of an industry-wide bailout at the hands of the government, arguing instead for market-based solutions—namely, their merger—as the key to their …
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Texas Roadhouse CEO Details Incentive ROI: Standing Up To Derision Earns Him Kudos
… meetings industry early last year--as politicians and the mainstream media skewered organizations that accepted federal bailout funds yet continued to host meetings and entertainment at resorts and luxury hotels--Texas Roadhouse CEO G.J. Hart unwittingly …
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2009 Large Market Benchmarking Report: Embracing Meetings Management Practices
… following public scrutiny of a few corporate events conducted by companies receiving federal Troubled Asset Relief Program bailout money. Remote conferencing technology also increasingly is becoming a part of large market travel buyers' meetings programs …
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Lufthansa Completes Austrian Airlines Takeover
… the injection of state aid totaling about €500 million to reduce the airline's significant debts. Lufthansa made the bailout a condition for taking over its ailing neighbor. Austrian Airlines joins a growing family parented by Lufthansa, which has …
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European Commission Set To Approve Lufthansa Takeover Of Austrian
… will approve a €500 million injection of state aid to reduce the airline's significant debts. Lufthansa has made the bailout a condition for taking over its ailing neighbor. Further evidence of Austrian's troubles was revealed in financial results …
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Treasury Issues Interim 'Luxury Expenditures' Rule
The U.S. Department of Treasury on Wednesday issued an interim final rule requiring, among other things, that companies benefiting from Troubled Asset Relief Program funds adopt an "excessive or luxury expenditures policy," including "standards to ensure appropriate review and approval of
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The U.S. Treasury today approved requests from American Express and nine other banks to repay $68 billion in bailout funds
The U.S. Treasury today approved requests from American Express and nine other banks to repay $68 billion in bailout funds . In anticipation of the approval to repay $3.39 billion, Amex last month raised $3 billion in "long-term funding through issuance of unsecured debt" not backed by government ...
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2009 Business Travel Survey: Buyers Gain Sway As Hotel Seller's Market Halts
… 000 incentive trip at a luxury resort a short time after taking billions in federal bailout dollars. Suddenly, corporations—and not just those receiving bailout money—became concerned not only about spending, but how the public might perceive …
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2009 U.S. Hotel Chain Survey: Four Seasons Tops Ritz-Carlton In Deluxe Photo-Finish(2)
… coined after the insurance giant was roundly criticized for hosting a resort incentive trip within a week of receiving federal bailout money. With the top-rated brands in the category often considered synonymous with opulence, some large companies are reluctant …
