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Starwood's executives move to China
I bet Starwood is testing the waters for a permanent relocation outside of the USA in the event of tax hikes.
...the companys President and CEO, Frits van Paasschen has decided to relocate his senior leadership team to Shanghai until mid-July...
Van Paasschen said the companys top executives would go about their day-to-day business on a 12-hour time difference with their usual operations in White Plains, New York, until July 11.
With properties in nearly 100 countries, Starwood is no longer an American company that happens to run some hotels overseas... today, were a global company that happens to be based in New York, he said.
I bet Starwood is testing the waters for a permanent relocation outside of the USA in the event of tax hikes.