Showing posts with label J. Terrence Lanni. Show all posts
Showing posts with label J. Terrence Lanni. Show all posts

Thursday, November 13, 2008

CEO Lanni Leaves MGM Mirage

MGM's CEO Lanni is leaving MGM Mirage:

http://www.reuters.com/article/marketsNews/idINN1338744220081113

Jim Murren will likely replace him. Here is an old transcript of a 1998 interview with Murren:

http://www.fool.com/foolaudio/transcripts/980813_mgg.htm

Mr. Murren seems much more candid than Mr. Lanni. Earlier this year, I posted a review of the 2008 MGM shareholder meeting--see 2008 MGM Shareholder Meeting--in which Mr. Lanni seemed far too sunny and upbeat about his casino's prospects. You can't blame the man for trying, though.

I hope next time I'm in Vegas, I won't get a horse's head in my hotel room after this blog entry. An experienced dealer in Reno once told me, "Back when the mob was running Nevada, things ran much more smoothly." I bet.