Word: hiltons
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Dates: during 1960-1969
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When his second son, Barron, first approached him about a job in 1946, Hotelman Conrad Hilton was less than enthusiastic about the idea. A college dropout about to become a father at 19, Barton had far to go to prove him self as a businessman. Nor did he agree with his father's evaluation of his tal ent. Barren said that he would not work for less than $1,000 a month. Conrad was not willing to pay him more than $150. The young man decided to go into business for himself...
Advisory Role. Today, the relation ship between father and son has changed. Barren, now 41, is not only president and chief executive of Hilton Hotels (at $100,000 a year), but has considerably widened his father's footsteps since he took charge three years ago. The elder Hilton, who, at 81, remains chairman of the board but contents himself with an advisory role, is delighted with his son's performance. "Things are going very well with us," he says...
...rose only 18% to $231 million. The chain, which owns, manages or fran chises 67 hotels and inns in 56 U.S. cities, currently has an oc cupancy rate 10% above the industry-wide average of 61%. More remarkable, that occupancy level has been reached despite a 21% advance in Hilton's average room rate from $16.43 to $21.27. On the New York Stock Exchange, Hilton shares have reflected the company's fortunes by leaping from 7⅛ in 1966 to 57½ last week - a gain...
Setting Records. Barron came back to the family business by a roundabout route. When his father rebuffed his first effort to land a well-paying Hilton job, the young man began selling fresh fruit juice to Los Angeles dairies. The venture prospered and helped pave Barren's way into the family firm...
...wrongos, Mexicans ? and his wife Esperanza. "Our marriage was like shaking two volatile chemicals in a jar," he said. She recalled the night he dragged her around by her hair. He countered with a claim that when he was on location she had a house guest named Nicky Hilton. During the divorce proceedings, Wayne uttered an aside that could have come from one of his early oaters: "I deeply regret that I'll hafta sling...