Richard Szymanski - Morgans Hotel CFO

CFO

Mr. Richard T. Szymanski is Principal Executive officer Chief Financial Officer of Morgans Hotel Group Co. From 2003 until 2005 Mr. Szymanski was Senior Vice President and Chief Financial Officer of Prime Hospitality LLC an entity controlled by The Blackstone Group L.P. and its predecessor Prime Hospitality Corporationration From 1986 to 2003 Mr. Szymanski held a number of senior positions at Prime Hospitality Corporationration and its predecessor including Vice President of Finance and Vice President and Corporationrationrate Controller. Mr. Szymanski previously worked for Ernst Young from 1979 to 1986 in several positions including audit manager since 2015.
Age 56
Tenure 9 years
Phone212 277-4100
Webwww.morganshotelgroup.com
Szymanski received a BS degree in accounting from Rutgers University. principal executive offer

Morgans Hotel Management Efficiency

The company has return on total asset (ROA) of 3.85 % which means that it generated a profit of $3.85 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of (396.7925) %, meaning that it created substantial loss on money invested by shareholders. Morgans Hotel's management efficiency ratios could be used to measure how well Morgans Hotel manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 602.63 M in liabilities. Morgans Hotel Group has a current ratio of 0.98, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Morgans Hotel until it has trouble settling it off, either with new capital or with free cash flow. So, Morgans Hotel's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Morgans Hotel Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Morgans to invest in growth at high rates of return. When we think about Morgans Hotel's use of debt, we should always consider it together with cash and equity.

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Morgans Hotel Group Co., an integrated lifestyle hospitality company, owns, develops, operates, and licenses boutique hotels. Morgans Hotel Group (MHGC) is traded on NASDAQ Exchange in USA and employs 2,700 people.

Management Performance

Morgans Hotel Group Leadership Team

Elected by the shareholders, the Morgans Hotel's board of directors comprises two types of representatives: Morgans Hotel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Morgans. The board's role is to monitor Morgans Hotel's management team and ensure that shareholders' interests are well served. Morgans Hotel's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Morgans Hotel's outside directors are responsible for providing unbiased perspectives on the board's policies.
Joshua Fluhr, COO and Executive VP
Adam Stein, Director
Howard Lorber, Independent Director
Meredith Deutsch, Executive VP, General Counsel and Secretary
Michael Olshan, Director
Kenneth Cruse, Independent Director
Jason Kalisman, Chairman of the Board, Interim CEO
Richard Szymanski, CFO
John Dougherty, Independent Director
Andrew Broad, Independent Director
Bradford Nugent, Director
Chadi Farhat, Interim COO, Chief Revenue Officer, Senior Vice President
Michelle Russo, Independent Director
Jonathan Langer, Director

Morgans Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Morgans Hotel a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Morgans Hotel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Morgans Hotel's short interest history, or implied volatility extrapolated from Morgans Hotel options trading.

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Note that the Morgans Hotel Group information on this page should be used as a complementary analysis to other Morgans Hotel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

Other Consideration for investing in Morgans Stock

If you are still planning to invest in Morgans Hotel Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Morgans Hotel's history and understand the potential risks before investing.
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