Greg Marcus, president and CEO of the Marcus Corp., was a featured speaker at BizTimes Media’s annual Family & Closely Held Business Summit in July. He discussed how Marcus Corp., a third-generation family business that is also a publicly traded company, is confronting the disruption and uncertainty brought on by the ongoing COVID-19 pandemic.
“As I look forward a few years from now when my hope and I think the world’s hope is that we have this virus under control, people want to be together. Human beings are social creatures. At the end of the day, people are going to want to travel. People will want to go to the movies.”
“We aren’t going anywhere without great people. The way we’re getting through today is I am surrounded by a great team of people.”
“You hear these stories about fathers and sons who just can’t get along and it just wrecks the business. My dad (Stephen Marcus, chairman of the board) and I share an office with a conference room in the middle. Over the years, I’ve thought how fortunate I am to have a father that I can come to work with and enjoy being with and learn from, and call and ask his opinion and he asks my opinion. And together, along with (our team) and the thousands of people who have helped build our business over the years, we’ve been able to build this successful company that can give back to our community and provide jobs for people and take care of our families.”
“Whether it’s a family investor or it’s an institutional investor or a retail investor, we are the stewards of their capital. We don’t differentiate from an investment standpoint because one of our goals is to maximize the return.”
“We have these precepts that get passed down from generation to generation. There’s, I think, a stronger continuity in a family business that allows us to succeed in the marketplaces as they change around us. My dad always said the only constant is change.”