Marriott CEO 'Surprised' Company Won Starwood Bidding War

The transcript discusses a major acquisition by a company, detailing the competitive bidding process against a Chinese company and Anbang. Initially deemed too expensive, the acquisition became feasible over time. Leadership's thoughtful decision-making process is highlighted, focusing on both financial and human aspects.

What was the initial perception of Marriott regarding the cost of acquiring Starwood?

• It was seen as too expensive.

• It was not considered at all.

• It was considered affordable.

• It was thought to be a bargain.

What unexpected factor increased the cost of acquiring Starwood for Marriott?

• A sudden market crash

• A change in government regulations

• A rival bid from a Chinese company

• An increase in hotel prices

How did Marriott eventually win the bidding war for Starwood?

• By leveraging strategic alternatives

• By negotiating directly with Starwood's shareholders

• By forming a partnership with the Chinese company

• By offering a higher price

What was the CEO's initial reaction to the idea of acquiring Starwood?

• He was indifferent to the idea.

• He was concerned about the workload.

• He was against the acquisition.

• He was immediately supportive.

What aspect did the CEO prioritize when considering the acquisition of Starwood?

• The financial benefits

• The strategic advantages

• The human side and team well-being

• The competitive edge