Front Desk

Too Late to Become a Hotel Company CEO?

I think maybe I made the wrong career choice. First a news report last month that Hilton CEO Chris Nassetta sold his home in Los Angeles for $18 million (losing almost $10 million), and now news that Starwood CEO Frits Van Paasschen received compensation valued at $8.2 million last year. The story says Van Paasschen made a base salary of $1 million and the rest of the compensation came via stock options that were more lucrative as the trading price doubled from 2008 to '09.

There's no point to this other than that's a lot of money (and I'm jealous). I can't say if they deserve it. I know they're leading some pretty big global companies during some really tough times.

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