Word: hiltonization
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Dates: during 1960-1969
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...Charles de Gaulle and the Sino-Soviet split. Lyndon Johnson, who had hoped that the subject might vanish of its own accord, now found himself devoting an extraordinary amount of time to talking and thinking about it. "I remember," he told a convention of municipal officials at the Washington Hilton Hotel, "when you couldn't walk into any hostess's home without them saying, 'What do you think about McCarthy?' A month ago, it was 'What do you think about the pause?' Now it is 'What do you think about inflation...
...Failure at Questions. The whole thing started in 1957 when Mrs. Surowitz sought an expert to hatch her little nest egg. Proudly, she turned to her son-in-law, Irving Brilliant, a Phi Beta Kappa, Columbia-trained economist and a Harvard Law School graduate. Brilliant recommended Hilton; so doggedly did he handle Mrs. Surowitz's cash and some of his own that by 1960 their combined Hilton investment totaled $45,000 in common stock, plus a $10,000 debenture. Then, in 1962, Mrs. Surowitz received a curious letter from Hilton: the company was offering to buy 300,000 shares...
...Brilliant had investigated sufficiently to become convinced that Hilton's top brass had rigged the market price prior to the offer in order to sell 101,000 of their own shares to the company at a fat personal profit. After that, the price of Hilton stock plunged downward, and the company passed its usual dividend...
...agreed to act as plaintiff in a shareholder's suit alleging fraud. Since Rule 23 (b) of the Federal Rules of Civil Procedure requires that "the complaint shall be verified by oath," she swore to her belief in the truth of its contents before a notary public. Skeptical, Hilton's lawyers forced Mrs. Surowitz to take the stand in a Chicago federal district court to prove her understanding of all the details in her 60-page complaint. Naturally, she flunked the quiz. Calling it "a sham," the judge dismissed the suit. Because Mrs. Surowitz was "wholly ignorant...
...road to Laredo has been lined with weird detours. After leaving Harvard, Leary tried to continue his experiments near Acapulco, Mexico, where he opened a sort of Hallucination Hilton in an old resort hotel. He offered to expand consciousnesses at the rate of $200 a month and $6 per expansion; the Mexican government expelled him after two months. He tried unsuccessfully to reopen in the Caribbean, finally established something called the Castalia Foundation on a 3,000-acre estate in Millbrook, N.Y., near Vassar and Bennett colleges. Along the way, he had become very much a religious mystic; the four...