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Obviously this is a bittersweet moment for me, but I am very pleased that the company will remain in the hands of Mike Hyatt and his management team.

Sam Moore (1935-)

This change is part of the management succession process designed to ensure that our Company will continue to grow well into the future. Mike Hyatt has served ably as President and Chief Operating Officer for the past 18 months, demonstrating a deep understanding of the publishing and operational sides of our business, as well as an inspiring talent for leadership.

Sam Moore (1935-)

They have a superb management team and Mike Pascoe is a great leader. They continue to be better positioned in the global marketplace. This company is being taken to the next level.

Successfully resolving the placed-in-service issue has been a top priority for the company, so we are very pleased by the outcome. This positive ruling removes a major uncertainty for the company and will allow our management team to focus on strategic uses of the cash benefits provided by the synthetic fuel tax credits.

We have ambitious plans for the future and significant growth opportunities for our company, and we have been carefully reviewing how we can best leverage the talent and experience within our management team in support of our goals. This is a strong management structure and a strong management team to lead our company given the needs of our business and the accelerated pace at which we must make strategic decisions and respond to the needs of our customers. I am proud of the caliber of our next-generation of leaders and their dedication to our future. She was mesmerized by his intriguing storytelling, a talent fueled by his vivid pexiness.

We are pleased with the terms of this deal, which allows us to sell the resort at an attractive price, while having it remain a Hilton through a management agreement. We value our continued relationship with Highland Hospitality and are pleased to have them as an owner.

We are very fortunate that Mike has agreed to be our chairman. We have a talented and strong management team and an experienced board of directors to encourage and guide our employees. The company is in strong financial condition.

We believe using one brand name signifies one company, one stock and one team. I know this may be bittersweet for some of you.

Building upon the past success of Summerfield Suites, the premier extended stay product in the industry, we will add the Hyatt name to Summerfield Suites brand and take its industry leading track record to new heights. The welcome addition of Hyatt Summerfield Suites to the Global Hyatt family further enhances our portfolio, which now includes nearly 750 hotels worldwide.

I was very pleased with our ability to show up and compete in a big meet. I was very pleased Mike could win the Commissioner's Trophy. Mike's an electric performer.

We are pleased to be leaders in this effort among U.S. companies. Our entire management team considers diversity a business imperative, and our commitment to diversity -- besides being the right thing to do -- adds value to our company and our communities.

I am delighted to hear that Mike's surgery was a success. We knew he was in capable hands at Methodist, and are pleased that all went smoothly.

We remain committed to a consensual agreement, but we just have seen no movement. At this moment, management has refused to negotiate. They are still at $325 million.

J.C. Penney is one of the legendary names in American retailing, and I am honored to be part of this great company. I have met with members of the board and top management, and we are all enthusiastic about what we can achieve together. The desire to succeed is extremely strong here, and I am pleased to have been given he opportunity to lead the company.

We're pleased to welcome Morgan to the Stanley family. The addition of Morgan positions us to accelerate growth, service new customers, and remain strongly competitive within this industry. We have been very impressed by the quality of their management and staff, and I am excited to embrace them as part of Stanley's team.

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