529: Once Upon A Time Inside the World of Hospitality | Ashish Parikh, CFO, Hersha Hospitality Trust
CFOTL: What comes to mind when we ask for a finance strategic moment? Parikh: I think that I'd have to go back to the great financial crisis for a finance moment, the week after Lehman Brothers failed, when I actually pulled all of the top-line numbers for the hotel. For the first time in my life, I said to myself, "Well, something is just drastically wrong with our accounting system because these numbers just don't make sense. We've never seen a drop this precipitously this quickly." That was the time of one of the hardest decisions, because we had never cut our dividend up to that point…
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