Word: sheratons
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Chairman Harold S. Geneen describes his $2.8-billion International Telephone & Telegraph Corp. as a "unified-management, multiproduct company." On that principle, in 48 major acquisitions in the last nine years, ITT has acquired a hotel chain (Sheraton), a car-rental company (Avis), a book publisher (Bobbs-Merrill), a home-builder (Levitt & Sons, Inc.), a paper and chemical company (Rayonier, Inc.) and assorted other ventures. Something Geneen still does not have is a consumer foods company. Last week he moved to remedy that deficiency by announcing that ITT, in an exchange of stock valued at $280 million, will soon acquire Continental...
...wasn't the sort of sign usually posted in the Sheraton Boston Hotel. "No firearms may be carried in or out of the hall except by exhibitors," it read. But the hotel needed that sign last week, for it was hosting the 97th annual convention of the National Rifle Association--praised by its friends as "the defender of our rights to keep and bear arms" and damned by its foes as "the head of the gun nut lobby...
...call that White House Aide Marvin Watson was waiting for in Washington. The picture would improve, Boutin kept saying, as soon as the results came in from Berlin. McCarthy carried Berlin. By 10:40 p.m., one of the two bars that had been set up hours earlier in the Sheraton-Carpenter motel had to close, since the L.B.J. "victory" crowd had only 26 patrons...
...generation has been in power too long," McCarthy told the youthful group in the Terrace Room of the Sheraton Wayfarer, "but your time will come. We're going to advance it in this next Democratic administration...
With that, McCarthy moved off the makeshift stage and made his way through the crowd in the Terrace of the Sheraton Wayfarer. Women hugged and kissed him; men shook hands and often embraced...