An MBA Becomes Vice Chairman Of Starwood Hotels
March 8, 2010
By the My MBA Career Content Team – Find Top MBA Degree Programs
While some individuals may have the preconceived notion that MBA students automatically join a large business conglomerate or bank, that could not be further from the truth. An MBA simply allows individuals to acquire more business knowledge that they can apply to the field of their choice.
Vasant Prabhu, the chief financial officer (CFO) of Starwood hotels, was recently promoted to vice chairman of the company. Prabhu, who has an MBA, was chosen for the position because of his experience with the company, which he has worked for since 2003, and the profits that have come in under his leadership as CFO.
"Vasant's leadership and strategic vision were in sharp relief in 2009 as Starwood navigated the toughest year our industry has endured since the Great Depression," said chief executive officer (CEO) Frits van Paasschen. "His efforts and collaboration ensured that Starwood did not just survive the global economic crisis, but actually emerged stronger, with our financial house in order, well poised to take advantage of opportunities we expect will arise."
If you're interested in reaching an executive position, an MBA degree may give you the knowledge you need to succeed in the corporate world.
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Related Article Topics: Management
