James J Murren Net Worth is2.5 $Million
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James J. Murren (Jim) is Chairman and CEO of MGM Resorts International, headquartered in Paradise, Nevada.
Jim Murren attended Roger Ludlowe High School in Fairfield, CT, where he was a member of the Flying Tigers cross country team coached by J. Carter O'Dwyer. Murren received his undergraduate degree at Trinity College where he studied art history and urban planning., and continued studies in Rome, Italy. He joined the Wall Street firm of Cyrus J. Lawrence as a securities analyst, and earned the Chartered Financial Analyst certification in 1991. He was elected a member of the firm's Board of Directors, becoming the youngest member ever of the company's board. During his career on Wall Street he brought about a pivotal recapitalization of MGM Grand, Inc. in 1996, and served as a Managing Director and the Director of U.S. equity research for Deutsche Bank.
In 1998, he moved to the corporate sector, joining MGM as CFO and member of its Board of Directors. In 1999, he became President, and was promoted to Chief Operating Officer in 2007; he became Chairman and CEO in December 2008, his 10th year at the company. Under his tenure, the company embarked upon an extremely successful decade of growth. Murren was the architect of $15 billion of acquisitions including Primadonna Resort & Casino in 1998, Mirage Resorts in 2000, and Mandalay Resort Group in 2005a??acquisitions that helped transform MGM into the world's largest gaming company. He was repeatedly honored as the gaming and lodging industrya??s top CFO by Institutional Investor magazine.
In 2008-09, Murren led an extensive reorganization of the company, resulting in over $500 million of annual savings; this, together with a $3.8 billion financing effort, kept the company from failure during the early days of the Great Recession in 2008 and 2009. John Mack, Chairman and CEO of Morgan Stanley said that "Jima??s background and experience with financial markets, management and operations has enabled him to pro

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James J Murren Latest News

Why MGM Resorts’ hotel revenues beat guidance

It captures room rates and occupancy levels. Actually, RevPAR is the occupancy rate times the ADR. James J. Murren, chairman and CEO of MGM, noted, “We wish we had more hotel rooms at MGM. We’re proud of the fact that we have the highest EBITDA per ...
Posted: November 18, 2014, 1:53 am

The 10 Most Highly Compensated Hotel CEOs of 2015

Here’s a closer look at who made what, and why. Even so, MGM Resorts International CEO James J. Murren (about $13.3 million) and Las Vegas Sands’ Sheldon Adelson (about $12.2 million) both saw their total compensation figures rise slightly in 2015 ...
Posted: May 18, 2016, 11:30 pm

CEO James Murren turned around MGM Resorts and now wants to reverse the fortunes of Springfield

James J. Murren, the chairman and chief executive officer of MGM, remembers it as the worst time in his corporate life. "It was an incredibly challenging time," Murren said. "It seemed the problems were too big for one company to withstand." After leading ...
Posted: April 21, 2013, 10:05 pm
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