Word: conrades
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Thomas Ehrlich '56 was elected vice president. Conrad D. Geller '55 was named secretary and Joseph Steinberg '56, treasurer. The new members at large are Charles L. Edson '56, Michael McCloskey '56, and Gordon Martin...
Crown, a sometime partner of Hotelman Conrad Hilton as well as Chicago's biggest materials supplier, then bought an additional 21% from lesser investors, for a total of 65%. But in spite of his stock control. Crown felt honor-bound to re tain the building management installed by Real Estate Promoter Roger L. Stevens, who quarterbacked the original buying syndicate. This arrangement nettled him, however, and last week he took up Stevens and his colleagues on an offer to sell out at about $50 a share-provided that they could deliver almost all the outstanding stock...
...CONRAD HILTON, who bought out the ten Statler hotels (for $8,000,000 down, $70 million on credit) only last month, will soon sell them to private investors and insurance companies, lease them back to operate. Hilton, who wants to avoid issuing more Hilton stock to finance his purchase, will retain full operational control...
Among the signers: liberal Democratic Senator Paul Douglas and conservative Republican Senator John Bricker, A.F.L. President George Meany and former U.S. Steel Chairman Irving Olds, ex-President Herbert Hoover, ex-U.N. Delegate Warren Austin, Novelist John Dos Passes, Poet Conrad Aiken. Also among the signers: General George C. Marshall, who, between tours as Army Chief of Staff and Secretary of State, spent a year in China half-persuading the Nationalists to lie down like lambs with the conquest-bent Communists...
...Manhattan's Webb & Knapp. Says Zeckendorf: "I like to turn peanuts into bananas." Last week, reaching out for a new piece of fruit, Top-Banana Zeckendorf bumped into another big operator. In the collision, Zeckendorf's feet went skidding out from under. Zeckendorf's opponent: Conrad Hilton, who in about a dozen years has risen from an obscure Southwestern innkeeper to a position as the world's biggest hotelman (TIME, Dec. 12, 1949 et seq.). The prize was the Statler hotel chain (eight hotels, two more abuilding in Dallas and Hartford, Conn.), which Hilton snapped away...