Word: schrager
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...will be eventually grown to 450 members, but capped at that. "Because we offer a bespoke relationship tailored to a member's level of wine expertise and requirements, this is not a scalable business," says Sarment's U.K. managing director Niels Sherry, who used to run Ian Schrager's hotels. "There should be nothing...
...There's also a legitimate question as to who would do the restructuring. GM CEO Rick Wagoner has made the case that his crew is best placed to run the turnaround since it knows where the cost buttons are. But critics like Jim Schrager at the University of Chicago Booth School of Business say the wrong people are in charge: "I think you would only put money in GM if you had a complete change in the board and the current management. They are diligent. They worked very hard, but it just hasn't worked." In Schrager's view...
...ultimately where Detroit ends up, is it worth the price to get there? Put another way, does GM deserve to be bailed out or left at the mercy of the market and almost certain death? "The University of Chicago training in me says the market should prevail," says Schrager. "But the Chrysler bailout was a success, and, gosh, I'd love to save it." That sentiment is not shared by everyone, and it goes to the heart of the central economic debate facing the country - between hard-nosed capitalists, who believe the market should decide, and public-policy types...
Stepping into Restir Midtown on Tokyo's busy Gaien Higashi Street is like entering an ultra-hip Ian Schrager hotel or some very mod take on a Mark Birley London club. There are no window displays to reveal what awaits inside: a sleek black concierge desk, loungelike purple velvet couches and black Murano glass chandeliers. Designed by French interior architect Laur Meyrieux, Restir Midtown (above) is the latest Japanese retail sensation, the brainchild of Hiroaki Takashita, president and CEO of Restir Holdings, who is revolutionizing the ultra-luxe shopping experience with his unique stores. Ever since 2000, when less-expensive...
...decades, it is true. In 1952, for example, Kemmons Wilson built the first Holiday Inn and revolutionized American motels by introducing standardization and emphasizing cleanliness and value. The era of the big convention-oriented hotels checked in during the 1970s. And in 1984, New York City nightclub entrepreneur Ian Schrager came up with the boutique hotel concept. But for the most part, the basic business model has changed little: sell travelers perfectly acceptable yet generic places to stay for the night at ever-increasing prices, particularly in the world's major cities...