Word: sheratons
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...latest in a string of major divestitures by ITT. Since he took charge of the company in 1979, Chairman Rand Araskog has spun off some 95 businesses worth about $4 billion. Meanwhile, he has channeled resources into such prized divisions as the Hartford insurance company and the Sheraton chain of 488 hotels and resorts. Says Herbert Goodfriend, a telecommunications analyst at Prudential-Bache: "Araskog is dismantling Harold Geneen's empire...
CONTRIBUTORS: Jay Cocks, Thomas Griffith, Charles Krauthammer, Melvin Maddocks, Jane O' Reilly, Kenneth M. Pierce, Richard Schickel, Mimi Sheraton, John Skow...
...logging on to computer information and service networks and discovering an ever enlarging cornucopia at their fingertips. Today anybody with a computer, a modem and a deep line of credit can buy an airline ticket to Cleveland, rent a Hertz car at the airport, book a room at the Sheraton, buy a novel from Waldenbooks, check the closing prices on Wall Street and purchase 100 shares of IBM--without ever getting up from the computer...
...part political caucus, part camp meeting, part trade show--and all barn burner. As the crowds of 4,000 milled through the Sheraton Washington Hotel in the nation's capital last week, Gospel singers crooned, video- equipment salesmen hawked their wares, and media consultants prowled the meeting rooms for new talent. Dozens of Senators and Congressmen made it their business to turn out for the cameras and lights, cementing alliances and buffing up images. Jeane Kirkpatrick and Jesse Jackson were there. President Reagan, appropriately, sent a message on videotape...
Attended by about 50 people, the dance at the Sheraton Commander Hotel attracted high school students and grandparents alike. Working with a collection of 6000 records including music from the '30s to the '80s, a disc-jockey played requests all night...