Word: sheratons
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Midwestern Democrats, about 1,000 of them, seemed to be having a rollicking good time at their party conference. Gathered at the Sheraton Hotel in French Lick, Ind., near the Lost River, they cheered waiters who balanced trays on their heads, made ribald jokes about the laxative effects of French Lick water. Only one thing kept nagging at them-worry about this fall's elections...
...clash came in Meany's room at the Sheraton-Chicago Hotel. Reuther had requested the meeting, and at 4 p.m. he showed up in the company of Dave Dubinsky of the ladies' garment workers' union and Al Hayes of the machinists...
Come with Me. Henderson's derring-do (when stock prices are right), as well as his skillfully frugal management, have pyramided Sheraton in 25 years from a single money-losing hotel to a corporate giant with estimated assets of $400 million and 66 hotels scattered from Tel Aviv to Honolulu. (Sheraton, which has more hotels, vies for the title of "world's largest hotel chain" with Hilton, which has more rooms.) And while occupancy rates in most U.S. hotels have dropped steadily in the past decade, Sheraton's rate has been climbing; in May it stood...
Henderson and Sheraton Chairman Robert Moore, 66-his partner since they roomed together at Harvard-run their empire from a large double office in a warehouse-like building on the site of the Boston Tea Party. Henderson is spokesman and operating chief, but when financial transactions are involved, both men join in the negotiations. At Beacon Hill social gatherings, Henderson seems anything but a shrewd businessman as he lopes about snapping flashgun pictures of his fellow guests or sits down at the piano to torture the company with his own composition. Come with Me (sample line: "Even silly atoms know...
...nation's first mutual funds, and in the course of making investments for it acquired the struggling Stonehaven Hotel in Springfield, Mass. Impressed with the swiftness with which the Stonehaven's earnings responded to rigorous management, they bought more hotels and formed Sheraton Corp. (named after one of their first hotels, which had a costly electric sign that they did not want to discard...