Consumer >> CEO Interviews >> May 1, 1998
J. TERRENCE LANNI, 55, is Chairman of the Board and Chief Executive
Officer of MGM Grand, Inc., an entertainment, hotel and gaming company
headquarters in Las Vegas, Nevada. He joined MGM Grand June 1, 1995, and
also serves on the company's Board of Directors. Mr. Lanni previously
was a senior executive in the Caesars World, Inc., organization for 18
years, serving as President and Chief Operating Officer of that company
from April 1981 to February 1995. Additionally, he was a member of the
Caesars World Board of Directors during that 14 year period. Mr. Lanni
originally joined Caesars World in January 1977 as Treasurer and Chief
Financial Officer, was named Senior Vice President in April 1978 and
elected Executive Vice President in December 1979. Prior to joining
Caesars, Mr. Lanni was Treasurer of Republic Corporation, a New York
Stock Exchange-listed conglomerate based in California. Mr. Lanni
graduated from the University of Southern California with a B.A. in
speech and general management and an M.B.A. (1967) in finance. In 1992,
Mr. Lanni received the 'Alumni of the Year Award' from USC's School of
Business Administration. Mr. Lanni is a member of the Board of Directors
of the Meditrust Operating Company; a Director of the Los Angeles Turf
Club, Inc.; Chairman of the Board of Trustees of Loyola Marymount
University in Los Angeles; a member of the Board of Visitors of the
University of Southern California School of Business Administration; a
Director of the American Gaming Association; a member of the Board of
Trustees University of Nevada Las Vegas Foundation; a member of the
Board of Trustees of the Ronald Teagan Presidential Foundation; and a
member of the National Gambling Impact Study Commission. Profile
company.
Mr. Lanni: I joined the company three years ago after I left Caesar's
World. I was there for 18 years. We sold
