Word: millions
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Dates: during 1940-1949
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This auction took place at the Parke-Bernet Galleries when the estate of Judge Gary was dispersed in 1928 for a total of $2.3 million, "an alltime U.S. record...
...Biggest. It was by equally shrewd deals that Connie Hilton had become the world's biggest hotelman. His 13 hotels in the U.S., Mexico and Puerto Rico-ranging from a small hotel in Lubbock, Texas to Manhattan's famed Waldorf-Astoria-have an estimated worth of $125 million and a replacement value of $175 million. He employs 11,250 people, and likes to boast that in his 12,500 rooms he "could sleep in a different bed every night for 40 years...
White Elephant. In Chicago, Hilton ran into tradition of another kind. For years the $30 million Stevens, world's biggest (3,000 rooms) hotel, had stood like a half-filled honeycomb as a monument to the folly of its builders. The Army used it as a barracks at the beginning of the war, and in 1943 Chicago Contractor Stephen Healy bought the white elephant and caught Hilton's eye by making it pay in the war boom that was suddenly filling all hotels. But when Hilton began to bargain for the Stevens, he met his match in Healy...
...times he still seems a little amazed at the speed of his climb. While talking to an acquaintance some weeks ago, Hilton answered the phone, listened for a moment, then crowed with delight: "I just made half a million today." He bubbled out an explanation that the stock of Hilton Hotels Corp., of which he owns 400,-ooo shares or 26%, had risen five-eights of a point, giving him the paper profit. Then he soberly corrected himself: "No, it was just about $250,000 at that...
...holding its annual meeting, and it had plenty of figures to back up its slogan. Starting with 16 companies, the council has grown rapidly; it now represents 155 companies with gross sales of $3.5 billion a year. Last year the 240,000 employees in the companies received about $40 million in profits, or an addition of 5% to 117% to their regular wages...