University of Delaware : The Power of We

'We need our customers,' Tisch said. 'But who do we need more than our customers? We need the men and women who, every single day, walk into our hotel and make a commitment to our organization that we're going to... exceed the expectations of our customers.'

Tisch said that he values the commitment that Loews employees make to the company, and that working in teams is what makes any person who works in hospitality successful.

During Hurricane Irma in Florida, for example, Tisch said, 'Our team members did the most incredible job of putting their own personal needs aside to take care of our guests. That's the kind of relationship we like to have with the men and women who have made a career at Loews Hotels.'

Even though Tisch has been the CEO of Loews Hotel's for almost 30 years, he explained that he has committed himself to understanding every job in his business. Nearly 15 years ago, for example, he participated in a television show called Now Who's Boss, which put CEOs back in entry-level positions in their companies.

Tisch said that he was able to experience firsthand all the hard work that his employees put into their jobs, both physically and emotionally, and so he continues to institute a similar program today.

'We now have 'Who's Boss Day,' because I want our senior managers to have that appreciation of what the team means to us,' he said.

Tisch also discussed his experiences growing up in the hospitality industry, having spent most of his childhood in the Loews Regency New York Hotel on 540 Park Avenue in Manhattan.

'I literally grew up at the Regency Hotel,' said Tisch. 'I would come back from a break at school and I would go to the Regency Hotel.'

He stressed the importance of being part of one's community.

'We have to support the communities where we live, especially in today's world, where the challenges that we face are so pressing,' Tisch said. 'And there are so many of them, it is not an option [to not be involved].'

When it comes to students seeking positions in the hotel industry after graduation, Tisch said that he knows that students may not always get their first-choice job right away. He views this as an opportunity for students to learn, though, and to expand their knowledge beyond their degree.

'My advice? Take a job, any job, and learn about life,' Tisch said. 'Because one thing we do know is that we never know where this life is going to take us. When you learn from different experiences, it will benefit you later on.'

About the Tyler Lecture

The Chaplin Tyler Executive Leadership Lecture Series in UD's Alfred Lerner College of Business and Economics brings leaders from business, nonprofit organizations and the public sector to campus to share their experiences and wisdom with students, faculty and the business community in an open exchange of ideas and perspectives.

The series, which is supported by the Chaplin Tyler Endowment Fund, is dedicated to the memory of Chap and Elizabeth Tyler, their commitment to education and their determination to help young people achieve success in the business world.