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Cisco Systems Inc (NASDAQ: CSCO) as 2021’s Best Company to Work For, while
Hilton Worldwide Holdings Inc. (NYSE: HLT) topped the publication’s list as the Best Big Company to Work For.
Methodologies: In determining this year’s lists, Fortune partnered with the analytics firm Great Place to Work, which surveyed more than a half-million employees about their company’s handling of multiple issues such as crisis management, workforce relations and community involvement.
This year’s lists included corporate responses to several of the distinctive challenges impacting 2020, including the COVID-19 pandemic and subsequent economic recession, as well as the social unrest following the death of George Floyd.
Hilton CEO 2020 total pay more than doubled to $56 million forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
With more than 6,400 properties in 119 countries that include the Waldorf Astoria, DoubleTree, Embassy Suites, and over a dozen other brands, Hilton’s marketing team is undoubtedly working hard to coax vacationers and business travelers back to its properties. Hilton reported a net loss of $225 million for its 2020 fourth quarter, compared with net income of $176 million for the same period in 2019. For 2020 full-year, the hotel operator’s net loss totaled $720 million compared with a net gain of $886 million in 2019.
The company is banking on travel returning to some semblance of normalcy, having announced plans to build up its presence in Thailand by up to 2,000 over the next 24 months and expand its upscale DoubleTree by Hilton brand in Islamabad, Pakistan, in 2025. Hilton also announced the opening of Virgin Hotels Las Vegas, Curio Collection by Hilton. The property consists of more than 1,500 chambers and suites, an exclusive spa, 12 food and beverage outlets, daytime a
Many Reopening Stocks Fully Priced
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The most beaten-up stocks from the early days of the pandemic were the travel and leisure sectors, where shares of hotel, casino, restaurant, airline, cruise line and live venue operators endured the biggest percentage hits, hands down.
One year and one month later, many of these have not only rallied back to their pre-pandemic levels, but they also have traded to new all-time highs amid much lower levels of business activity. Key catalysts driving the selective rallies feature investor euphoria about the reopening of the economy, massive stimulus checks and loans, lines of credit going to consumers and businesses and market share gains by companies at the expense of hundreds of thousands of small business failures.