Word: manhattans
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Dates: during 1940-1949
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...forging his chain of 15 hotels, big, bounding Conrad N. Hilton, 62, bought such landmarks as Chicago's huge (2,700 rooms) Stevens, Manhattan's dignified old Plaza, and Los Angeles' flashy Town House. But Connie Hilton still wasn't satisfied. He wanted to own Manhattan's Waldorf-Astoria...
...raised $11 million. The New York Central put up the land and with the New York, New Haven & Hartford Railroad another $10 million more. (As a big New York Central stockholder, which now gets a yearly rental for the land on Park Ave., Mrs. Cornelius Vanderbilt, grande dame of Manhattan's social world, will, in effect, be one of Connie Hilton's new landlords...
Chuck Luckman, no man to tip his hand to real estate speculators, went about his project with as much secrecy as if he were making atom bombs out of soap chips. He set up several dummy corporations in New York, Boston and Chicago which began negotiating for parcels of Manhattan land like so many independent operators. The dummy corporations hired ten sets of lawyers, several banks and a covey of real estate scouts, none of whom were told that they were all working for Lever or even the same company. Lever executives who masterminded the deals used 20 unlisted phones...
...proper Bostonians withstood the shock well. So did Lever's astounded office workers. Much less pleased were the seven Manhattan advertising agencies who will soon have one of their most important clients camping right on their doorstep. Said Chuck Luckman with his best Pepsodent smile: "We're going to drive them like hell...
When Schulte turned in a $93,091 loss for the first six months of 1949, the directors eased President Louis Goldvogel up to chairman of the board and brought in 50-year-old H. Cornell Smith, onetime merchandising manager of Manhattan's Gimbel Bros, department store. Smith has tackled some big jobs in his time. As a World War II colonel on General Somervell's staff, he helped organize the billion-dollar Wartime Post Exchange system, and the Pacific supply centers for the never-launched invasion of Japan...