Norton Lilly International has for years hosted a popular Christmas party for customers and friends at the New York Yacht Club. The festivities annually attract an "A" list of iinvited guests that include shipper and carrier CEOs, many of whom fly in especially for the event.
This is the time of year when Norton Lilly's president and CEO, Win Thurber, and chairman, J. Schley Rutherford, normally send out a "save the date" notice for the early December party. But in a sign of the global economic storm, the company plans to skip the event this year.
Thurber and Rutherford cited "the economic situation that exists in shipping this year, as well as throughout the world." But ever optimistic, they said they hope economic trends will turn upward and allow the event to be held again in 2010.