Kerkorian To Quit And Take On New Role
Source: Bloomberg News |
April 15, 2011, Friday
|
Print Edition
Print Edition
BILLIONAIRE Kirk Kerkorian will step down in June from the board of MGM Resorts International, the casino company he founded, to become a senior adviser and its first director emeritus.
Kerkorian, 93, MGM Resorts' biggest shareholder through his Tracinda Corp, yesterday said his 27 percent stake is ably represented by the board, including Tracinda executives Dan Taylor and Anthony Mandekic, and by Jim Murren, chairman and CEO of the Las Vegas-based resort operator.
"I'm the founder of it. I just didn't care to keep going back to meetings," Kerkorian said in Beverly Hills, California. The board meetings "got to be very lengthy."
Kerkorian, a soft-spoken and slightly built former boxer and pilot, said he exercises daily "to stay healthy" though his hearing and eyesight have deteriorated.
Kerkorian, 93, MGM Resorts' biggest shareholder through his Tracinda Corp, yesterday said his 27 percent stake is ably represented by the board, including Tracinda executives Dan Taylor and Anthony Mandekic, and by Jim Murren, chairman and CEO of the Las Vegas-based resort operator.
"I'm the founder of it. I just didn't care to keep going back to meetings," Kerkorian said in Beverly Hills, California. The board meetings "got to be very lengthy."
Kerkorian, a soft-spoken and slightly built former boxer and pilot, said he exercises daily "to stay healthy" though his hearing and eyesight have deteriorated.
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