When I worked for large companies, the concept of sharing profits was limited to the upper echelons and was generally in the form of annual bonuses that were mysteriously calculated, paid 3-5 months after the end of the year and generally reserved for the “fat cats” in the organization! Payments never happened below the Department… Continue reading Lessons Learned
Tag: EBITDA
CFO of MGM Grand Speaks on Expansion Plans
The CFO of MGM Grand Hotel and Casino, John Shigley, visited HBS last Tuesday as the guest speaker in the EC course “Competing and Winning through Customer Information.” Shigley joined MGM Grand in 2005 after spending three years at the New York, New York Hotel and Casino. His prior experiences include executive positions at Caesars… Continue reading CFO of MGM Grand Speaks on Expansion Plans
Top 10 Differences between Consulting and Banking
10. In consulting, your bed is in a hotel in smalltown America. In banking, your bed is under your desk. 9. In consulting, your vocabulary is excluded to words like “granularity,” “value-add,” and “traction.” In banking, your vocabulary consists of “31.45 billion,” “9.28 times EBITDA,” “10.77 times EBITDA,” and “comps universe.” 8. In consulting, you… Continue reading Top 10 Differences between Consulting and Banking
