Latest news with #Capuano
Ya Libnan
3 days ago
- Automotive
- Ya Libnan
Mexico unveils Olinia, its first EV which will debut at opening game of the 2026 World Cup at the Azteca Stadium
Mexico's President, Claudia Sheinbaum , unveiled the Olinia project, the first Mexican manufacturer of electric microvehicles that by the end of the administration in 2030 , aims to produce three models priced between $4,500 and $7,500 . The assembly plant, which will combine public and private capital , will develop a personal mobility microvehicle , another for 'neighborhood mobility' designed for short distances , and one more for last-mile delivery , explained Roberto Capuano , project leader. In statements reported by the EFE news agency , he stated, 'Our goal is to launch the three models with a company that has public and private investment , that is economically viable, and has long-term prospects. For our first model, (the goal) is to arrive at the opening game of the 2026 World Cup at the Azteca Stadium in an Olinia .' Last January , the government formed a team of researchers from the National Polytechnic Institute (IPN) and the National Technological Institute of Mexico , which this year will have a budget of 25 million pesos ($1.25 million) to develop the model. The idea of manufacturing electric microvehicles , explained Capuano , comes from the fact that 70% of the Mexican population lives in urban areas , and 80% of them have daily mobility needs under 30 kilometers . With this project, the government seeks to boost the automotive industry , which accounts for nearly 4% of the national GDP and 20.5% of manufacturing GDP , more than any other sector. 'We see how in countries similar to Mexico, these vehicles are on the rise. In China and India alone , sales of microvehicles in 2023 exceeded 1.3 million units . For us in Mexico, microvehicles are the category with the greatest potential in electric mobility ,' argued Capuano . Rosaura Ruiz Gutiérrez , Secretary of Science, Humanities, Technology, and Innovation , stated that Olinia , which in Nahuatl means movement , 'marks a historic milestone because it goes beyond manufacturing Mexican electric microvehicles . It has the potential to become a turning point for the Mexican industry .'
NDTV
05-05-2025
- Business
- NDTV
Marriott CEO Receives 40,000 Emails From Employees Amid Trump Pushback
Marriott International CEO and President Anthony Capuano received over 40,000 emails from employees worldwide after he publicly backed the company's diversity, equity, and inclusion (DEI) initiatives even after political pushback from none other than US President Donald Trump. Speaking at the recent Great Place to Work for All Summit, Mr Capuano recalled what followed Donald Trump's DEI executive order and how it led to internal reflection at Marriott. "The day the [DEI] executive order came out, I sat with our senior leadership team and I said: given the industry-leading position we have, we ought to make sure we're all aligned on, not only philosophically, how we think about this, which was the easy part, but what words we use, what language we use. We should talk with the board a little bit about it," Mr Capuano said. Marriott's CEO said it straight: 'We welcome all… we create opportunities for all… that's who we are as a company.' He went back to his hotel hoping he got it right. Then 40,000 emails from Marriott associates from around the world hit his inbox saying 'thank you.' Plenty of… — Christopher Webb (@cwebbonline) April 22, 2025 His public comments came after Mr Trump, during his first week back in office, ordered the shutdown of all federal DEI offices and issued executive orders to undo several of Joe Biden's diversity-focused initiatives. These included eliminating the use of race and sex-based preferences in hiring and admissions and rolling back a Federal Aviation Administration policy that prioritized DEI hiring. Following these moves, Amazon, Meta, McDonald's, Walmart, Ford, Toyota, and others began scaling back their internal DEI programmes. The next day, Mr Capuano addressed the topic head-on at the ALIS Conference - one of the hotel industry's largest investment events - where DEI dominated discussions across eight media engagements, including interviews and a CEO panel. There, Mr Capuano said he leaned on Marriott's century-long values, shaped in part by his decades of learning under Bill Marriott, the company's Chairman Emeritus. "We've been around for almost a century, and political winds blow all different directions, particularly when you operate in almost 150 countries. I said, but there are some fundamental truths about this company that have guided us for those 98 years," he said. He said the company has always welcomed everyone to its hotels and strived to create "opportunities for all." According to him, those values won't change. "That's who we are as a company," Mr Capuno said. "In the next 24 hours, I got 40,000 emails from Marriott associates around the world just saying, 'thank you'," he said.
Yahoo
04-05-2025
- Business
- Yahoo
40,000 Employees Thank Marriott CEO For Defending DEI Amid Political Pressure
During the Great Place To Work Summit, Marriott CEO Anthony Capuano shared his sentiments regarding how the company he captains responded to the attacks on diversity, equity, and inclusion unleashed by the Trump administration. Although he privately wondered if he had made the right call, he soon received confirmation from thousands of employees that he had, indeed, chosen the right path. According to HR Grapevine, Capuano told the stakeholders present at the summit, held April 8-10 in Las Vegas, that Marriott would not waver on its promise to create opportunity for everyone who walked through the company's doors, regardless of political pressure from the White House. 'The winds blow, but there are some fundamental truths for those 98 years,' Capuano told the audience. 'We welcome all to our hotels and we create opportunities for all—and fundamentally those will never change. The words might change, but that's who we are as a company.' Within 24 hours of his remarks, he received a litany of emails from the company's most important resource: its employees; and what's more, the 40,000-plus messages thanked him for standing up for diversity, equity, and inclusion because those were values that they too believed in. Marriott, which employs over 800,000 people globally, has consistently been ranked on Forbes' Best Companies to Work For list, this year, the hotel chain took the eighth spot on the list and because of their strong commitment to their employees, carries a 90% employee retention rate in an industry that averages a 57% retention rate. According to Forbes, Capuano's remarks represent the position that diversity, equity, and inclusion is not a social program, the framing that the White House and other Republican states have championed for several years, instead, it is part of a company's operational infrastructure and consistency between what a company says and does creates a culture of coherence. Indeed, according to Great Place To Work, workplaces that have a high degree of trust from their employees typically outperform their competition by nearly four times. The companies on their 100 Best Companies list also more than triple their performance in the stock market, that is to say that employee trust, like that engendered by Marriott, translates directly to profitability. According to Michael C. Bush, the CEO of Great Place To Work, 'The 100 Best Companies have built a foundation of employee trust that fuels performance in all areas of their business — not just some areas, and not just for some people. They are more profitable and productive because they've created consistently positive work experiences, lower burnout rates, and higher levels of psychological and emotional health compared to typical workplaces.' He continued, 'These leaders ensure all employees have opportunities for special recognition and make sure they believe that what they do matters; that they matter as human beings first and workers second. They've built organizations where transparency, well-being, and high levels of cooperation are cornerstones. That is how business is done: with people, not to people. When that happens, the business benefits all stakeholders — from frontline workers to executives, shareholders to local communities.' RELATED CONTENT: Making The Case For A Thoughtful Approach To DEI: Addressing Misconception And Reality
New York Post
04-05-2025
- Business
- New York Post
Marriott CEO says ‘the right thing' about DEI, gets 40K emails in response
A hotel industry's top exec has revealed the overwhelming positive support he's received after tackling diversity, equity and inclusion (DEI) head on. During the Great Place to Work for All Summit last week, Marriott CEO and President Anthony Capuano spoke to the crowd about the cultural and workplace shifts on DEI and reflected on a moment he was met with unexpected encouragement from tens of thousands of emails from coworkers. Advertisement 'The day the [DEI] executive order came out, I sat with our senior leadership team and I said: given the industry-leading position we have, we ought to make sure we're all aligned on, not only philosophically — how we think about this, which was the easy part — but what words we use, what language we use. We should talk with the board a little bit about it,' Capuano said on stage. 'There's a very big hotel industry investment conference called the ALIS Conference,' he expanded. 'And so the next morning, I did a media breakfast. I did six one-on-one media interviews and then… we did the CEO panel. This was the first question in all eight of those interactions.' 3 Marriott CEO and President Anthony Capuano says he has received numerous support after tackling diversity, equity and inclusion (DEI) head on. SPECIAL TO THE NEW YORK POST Advertisement President Donald Trump shut down all diversity, equity and inclusion (DEI) offices across the federal government during his first week in office and signed a number of executive orders to quickly undo former President Joe Biden's efforts. Not only did Trump shut down all federal offices, he signed two other related executive orders in January: one that ended discrimination in the workplace and higher education through race and sex-based preferences under the guise of DEI; the other was a memo to eliminate a Biden administration policy that prioritized DEI hiring at the Federal Aviation Administration. 3 Capuano told the crowd at the Great Place to Work for All Summit last week that shifting from DEI policies was met with unexplained encouragement from thousands of coworkers. Christopher Webb, /X As a result, since then, top U.S.-based brands and companies have rolled back their number of DEI policies, like Amazon, Meta, McDonald's, Boeing, Ford, Harley-Davidson, John Deere, Lowe's, Nissan, Toyota, Walmart and others. Advertisement When it came time for Capuano to answer the public on Marriott's stance on DEI, he claimed he 'mentally phoned a friend.' 'I thought about what I'd heard from Bill Marriott all these decades. And what I said in response to those questions, we've been around for almost a century, political winds blow all different directions, particularly when you operate in almost 150 countries. I said, but there are some fundamental truths about this company that have guided us for those 98 years,' the CEO noted. 3 President Donald Trump shut down all diversity, equity and inclusion (DEI) offices across the federal government not long after he was sworn into office as the 47th President of the United States of America. REUTERS Advertisement 'We welcome all to our hotels, and we create opportunity for all. And fundamentally, those will never change, right?' Capuano continued. 'The words might change, but that's who we are as a company.' 'Then I went back to my room and said, 'Gosh, I hope I said the right thing.' In the next 24 hours, I got 40,000 emails from Marriott associates around the world just saying, 'thank you.'' Fox News' Brooke Singman contributed to this report.
Yahoo
11-04-2025
- Business
- Yahoo
Trump's trade war with China begins—and Apple, Tesla, and U.S. stocks are the first major casualties
In today's CEO Daily: Diane Brady talks to CEOs on Fortune's 100 Best Companies to Work For list about how they're navigating all this drama. The big story: Trump's trade war with China begins — and Apple, Tesla, and US stocks are the first major casualties. The markets: Messy and bad. Analyst notes from EY on the Fed, Wedbush on China and Apple, and Oxford Economics on the job numbers. Plus: All the news and watercooler chat from Fortune. Good morning. How do you take care of employees in a climate that is chaotic, emotions are running high, and the landscape is impossible to predict? I was particularly eager to hear this firsthand from CEOs whose companies appeared on Fortune's latest 100 Best Companies to Work For list. Every year, in partnership with the Great Place to Work Institute, now a part of UKG, we survey hundreds of thousands of employees. Only those companies that excel according to their own employees make the list. Yesterday in Las Vegas at the Great Place to Work For All Summit, I got to interview some of the list's all-stars about their priorities. The highlights: Stay Calm. Marriott International CEO Anthony Capuano had come in from Washington, where a lot of CEOs are spending time these days. Unlike Delta Air Lines CEO Ed Bastian, who warned the tariff war is hurting bookings, Capuano is not seeing a significant impact at the world's largest hospitality company. He notes that global travel demand is strong and most properties are locally owned. When it comes to investing, Edward Jones Managing Partner Penny Pennington said, 'the four most dangerous words are 'this time is different.'' She's seen how panic can lead to bad decisions. Be Authentic. The way to promote shared values is to live them, whether it's Pennington talking about dealing with cancer or World Wide Technology CEO Jim Kavanaugh talking to employees about what it takes to win. Capuano, a Marriott veteran, travels the world to listen and learn from employees on the ground. They prioritize wellbeing. As DHL Express CEO John Pearson said in another panel: 'If people leave work more unhappy than when they arrive, they take it out on the people at home as they go through the front door, and that's not going to happen on my watch.' Show how AI can help your people. Pennington sees AI as a way to 'humanize the extraordinary by automating the ordinary.' Capuano said AI was enabling staff to have more impactful interactions with customers. And Kavanaugh gave examples of extraordinary productivity gains, saying those who delay AI plans amid uncertainty may fall too far behind to catch up. We also had a lunch for CEO Initiative members and listers where our discussions were under the Chatham House Rule, so I'll just share some general takeaways from that. Most notable for me were leaders' reflections on how polarization is impacting the workplace in terms of engagement, collaboration, customer interactions and even employee safety. Some are spending more time on global outreach as politics impacts how employees and customers view their brand. But what unites leaders on the list, according to Great Place to Work CEO Michael Bush, is a belief that creating a strong culture is good for their people and the bottom line. More news below. Contact CEO Daily via Diane Brady at This story was originally featured on
