Arne Morris Sorenson (born October 13, 1958) is a Japanese-born American hotel executive. Account active And his salary did not increase last year. Marriott International CEO, Arne Sorenson, is an authentic leader and he proved it this week with the release of a 6-minute video to Marriott employees, shareholders, and customers. In a conference call with investors on March 19, Marriott's Executive Vice President and Chief Financial Officer Leeny Oberg announced that the company will suspend the salaries of President and CEO Arne Sorenson and Executive Chairman Bill Marriott for the balance of 2020 to offset revenue losses due to the coronavirus pandemic. As President and Chief Executive Officer at MARRIOTT INTERNATIONAL INC /MD/, Arne M. Sorenson made $13,391,883 in total compensation. August 1, 2019 ... A Guide to Negotiating the Salary You Deserve. When you’re talking about the past few years for Marriott International and its CEO, Arne Sorenson, it may be easier to … Arne Sorenson, chief executive of Marriott International, has said he and chairman JW Marriott Jr will not be taking any salary for 2020 and the hotel chain's executive team will be taking a 50% pay cut amidst the coronavirus crisis. Great associate travel benefits, medical/health/life insurance coverage, retirement options, associate discounts on car rentals & show tickets etc., our CEO Arne Sorenson is truly amazing and quite the inspiration as well "We estimate the cost-cutting measures currently in place will reduce 2020 G&A costs by at least $140 million. The pay of other executives will be halved. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. This information is according to proxy statements filed for the 2019 fiscal year. Marriott’s CEO Takes a 100% Pay Cut CEO Arne Sorenson will receive no salary for the 2020 fiscal year. Marriott will also reduce the salaries of top executives by 50%. Arne Sorenson is the president and CEO of Marriott International. The bump brings Sorenson close to his 2014 compensation level, which included a large bonus of Marriott stock based on his performance during his first three years as … Arne Sorenson. Marriott CEO Arne Sorenson sold nearly $7 million in stock in what was described as a routine transaction before the shares were due to expire. “The chemo I’ve been going through,” he told Rubenstein, “has cost me my hair. Job Seekers Also Viewed Previous Next. By most measures, Sorenson has enjoyed extraordinary success. Arne Sorenson is both the CEO and the President of Marriott International. He is the President and Chief Executive Officer of Marriott International. Although the base salary of Arne M. Sorenson is $1,300,000.00 per year and has been unchanged since 2017, his total compensation of $13,453,887.00 is the most which he has received in each of those three years… …but note that slightly less than half of that compensation is $6,182,815.00 in stock awards in … Marriott President Arne Sorenson Gives Up Salary For Rest of 2020 For Staff Amid Coronavirus Outbreak, Paytm Founder Vijay Shekhar Sharma Turns Emotional, Takes Two-Month Pay Cut. Write a Resume Recruiters Can't Resist. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Something that Sorenson is well-suited for, seeing as how he brought a fair amount of expertise and experience with him from his previous positions. Paytm founder Vijay Shekhar Sharma has decided to forego his salary for the next two months to help the employees who may need it during the coronavirus outbreak. MARRIOTT INTERNATIONAL INC /MD/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Coronavirus Tips – Working and Protection. Arne Sorenson (far right), before losing his hair to chemo. How to Write a Resume. A roundup of uplifting stories about everyday heroes. Arne M. Sorenson is president and chief executive officer of Marriott International, Inc. Mr. Sorenson presides over one of the world’s largest hospitality companies and some of the most iconic brands in travel. All proxy statements are public filings made available to the general public by the SEC. He is interesting in that he is the first person from outside of the Marriott family to run Marriott International. Of course, these aren't normal circumstances.As Marriott's CEO Arne Sorenson points out in a video to his employees, which was released on Twitter, … since, “No Rules Rules: Netflix and the Culture of Reinvention”. 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