TradeBriefs Editorial

From the Editor's Desk

How to waste your career, one comfortable year at a time

I recently saw this tweet asking people about their career's most expensive mistake. The most common one was people staying too long at their jobs and not switching sooner.

I've seen people make this mistake over and over. Hell, I've made this mistake myself. Change can be scary. It requires you to get out of your comfort zone. But, in my experience, staying too long is one of the worst mistakes you can make in your career.

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TradeBriefs Editorial

From the Editor's Desk

When your business disappears overnight: Arne Sorenson, CEO Marriott International

ARNE SORENSON: Late January, this rolls out in China, and our business immediately drops by 90 to 95% in China. The virus pops in South Korea, Iran, and Italy, and it becomes fairly clear that it's going to spread around the globe. By the middle of March, we're running down 90 to 95% all around the world.

We would expect that it's probably a good two, three, four years before hotels get back to the level of performance they had in 2019.

Having said that, I do think that we will see people get back on the road. We are itching to get back towards where we were before. There's no substitute for being together. And I think as we can do that safely, we'll step back and do most of what we did before.

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TradeBriefs: What's important, not just what's popular!

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Kellogg ExecEd: Kellogg Digital Transformation Program | Network with Global Peers | Apply Now

Emeritus : PG Diploma in Digital Marketing Strategies in collaboration with Columbia Business School Executive Education | Apply

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TradeBriefs Editorial

From the Editor's Desk

How to Get Rich By Losing Lots of Money: The WeWork story

Adam Neumann is out of his WeWork job, but entrepreneurs will surely imitate him.

HBO's Silicon Valley aired its final episode last year, the tech world's realities having gotten too dystopian to be fictionalized, in good conscience, for laughs. When a reporter asked what material the show had left on the table, the showrunners, Mike Judge and Alec Berg, admitted, "We missed the WeWork guy." That guy - WeWork's telegenic co-founder and former CEO, Adam Neumann - had once been known for turning an upscale co-working business into America's most valuable private start-up, peddling vague kumbayas like This decade is the decade of "We." But then WeWork filed paperwork to go public, revealing that the company had lost billions of dollars while enriching Neumann.

Among other extraordinary disclosures, it turned out that he had bought we-related trademarks, then charged WeWork $5.9 million to buy them. The press soon uncovered other details to fill out the portrait of a terrible little richling: Neumann's practice of hotboxing chartered jets, whether his co-passengers liked it or not; his musings about becoming president of the world; his company-wide ban on meat that left executives puzzling over how to implement it.

When life transcends art, tell it straight.

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TradeBriefs: What's important, not just what's popular!

Advertisers of the day

Kellogg ExecEd: Kellogg Digital Transformation Program | Network with Global Peers | Apply Now

Emeritus : PG Diploma in Digital Marketing Strategies in collaboration with Columbia Business School Executive Education | Apply

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.

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