Chief Executives' Club: MGM Resorts CEO James J. Murren

(NECN) - James J. Murren, chairman and CEO of MGM Resorts International, addressed the Chief Executives' Club of Boston at Boston College.

Murren discussed his company's evolution since the recession.

"We are committed to a set of values that define who we are and what we do - diversity and inclusion, philanthropy and community involvement, environmental responsibility and sustainability," said Murren. "It might seem odd to you that a company based in Las Vegas would feel that way, but we do."

Murren went on to explain that the changes his company made were important in the salvation of the company.

"We really had to take stock of what we were doing, and many mistakes that we had made as a company and an industry. The hubiris of doing so well. From the year 1998, when I joined, to 2007, our stock went from 10 to 100," said Murren. "We could not do anything wrong, even though we were doing everything wrong. We did not have the kind of corporate culture we should have had ... Our day of reckoning came with the recession."

Additionally, Murren discussed MGM's hopes of building a resort casino in Springfield, Mass.

"If we prevail in Springfield, as I deeply want to and expect to, we're going to employ about 2,000 people to build this beautiful resort to help revitalize downtown Springfield, and we will employ 3,000 men and women permanently once we're open. And those are going to be good-paying jobs with great benefits."

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