Word: hiltons
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Trouble was the last thing Dora Surowitz expected when she invested a hard-earned $2,000 in Hilton Hotels Corp. Trouble was the last thing Hilton expected from Mrs. Surowitz, a Brooklyn seamstress and Polish immigrant who had as little knowledge of stocks as she did of English. Yet last week the U.S. Supreme Court indignantly upheld Mrs. Surowitz's right to find out whether Hilton is, as she claims, hiding a multimillion-dollar fraud against its stockholders...
...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...
...Maginot Hilton. Ghana used to be known as the Gold Coast, and independence, in 1957, came with a silver lining. With cocoa exports thriving and the beginnings of a modern industrial plant, the country had $560 million in foreign currency reserves, boasted one of Africa's highest per capita incomes. Nkrumah squandered it on such expensive status symbols as an international jet airline, which loses almost twice as much money as it earns, and a $20 million international conference site which includes a bulletproof, bombproof, twelve-story apartment hotel that Accra wags call "the Maginot Hilton." To promote...
...stand, Hunt brought the show to the ball. At his Fete de Fevrier, a small social for 600 to raise funds for his Foundation of Modern Art, he arranged to have the U.S. premiere of the film souffle, Made in Paris, held right after dinner in the New York Hilton's Grand Ballroom. Over their coffee and tea, Salvador Dali and the rest of his friends settled back to watch Ann-Margret tumble in love with Louis Jourdan in the film, which was not such a ball after...