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LVRJ: Caesars CEO Loveman stepping down in wake of bankruptcy

LVRJ: Caesars CEO Loveman stepping down in wake of bankruptcy

http://www.reviewjournal.com/business/casinos-gaming/caesars-ceo-loveman-stepping-down-wake-bankruptcy

or

http://goo.gl/byHyuv

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. . . Being replaced by former CEO at Hertz.

Flash forward a year and you are sitting at a black jack table. The dealer deals himself an ace face up.
"Insurance" they ask? "No," you reply. "OK then, I'm going to need you to sign on this line, and initial here. . .here. . .here. . .and here. And you thought 6:5 blackjack was bad.

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“My decision to begin to transition management now comes with the confidence that we have taken the steps necessary to ensure the company’s long-term success,” Loveman said. “I am proud of the company’s many accomplishments and grateful for the loyalty and friendship of my thousands of colleagues.” I am amazed at the ability of this ex CEO to make this statement. How has the level of VP trended during Loveman's reign???

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If I remember correctly this is the guy who said in response to comments about his lack of a background in gaming. “I know one thing we count the money everyday and send it to the bank”
Now they go with another executive with no gaming experience. Selling a casino is not like selling car rentals.

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On Feb 6, 2015, at 4:40 PM, gilrus47@yahoo.com [vpFREE] <vpFREE@yahoogroups.com> wrote:

“My decision to begin to transition management now comes with the confidence that we have taken the steps necessary to ensure the company’s long-term success,” Loveman said. “I am proud of the company’s many accomplishments and grateful for the loyalty and friendship of my thousands of colleagues.” I am amazed at the ability of this ex CEO to make this statement. How has the level of VP trended during Loveman's reign???

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