Bill Marriott on Stepping Down as CEO
In our family, we talk business all the time. When I was a little boy, my father used to take me with him to Hot Shoppes, the chain he started. We’d inspect the restaurants together and buy a bunch of hamburgers to taste. I joined straight after getting out of the Navy and had been in the company about six months when we opened our first hotel. It wasn’t doing very well, so I asked my dad if I could run it. He said, “You don’t know anything about the hotel business.” I said, “Well, neither does anyone else around this place,” so he let me supervise it. I was made president in 1964. I’d been more or less running the company by the time I became CEO in 1972. I was 40 years old.
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