Word: sonnabend
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...hotel industry today is at a point of crisis." This was the blunt message that Roger P. Sonnabend, thoughtful, 37-year-old executive vice president of Hotel Corp. of America, recently delivered to a convention hall full of his competitors. Scarcely anyone in his audience was prepared to disagree-or to deny that the U.S. hotel industry has been heedlessly drifting toward the crisis point for more than a decade...
...Raoul Dufy, lent by a local gallery, and by pondering his long film career, in which he played mostly the no-good. Conclusion: "Some people have youth, some have beauty. I had menace." After mulling over the situation for four days with top executives at a Maine resort, Paul Sonnabend, 35, vice president of the Hotel Corporation of America (New York's Plaza, Washington's Mayflower), summed up the innkeepers' conclusions: "They said that we may not be in a recession-but we are in the worst boom we ever...
...Both are varsity veterans. Behind them is is a dogfight to see who can corner the last two berths on the team. Larry Brownell last year's freshman captain and number one man, and Mike Ward, on the '54 Yardling team, are the principal contenders for the positions. Steve Sonnabend, a junior who was ineligible last year, and Charlie Elliott will give them a tough fight, however...
...close contact with tall (6 ft. 4½ in.), young (35) Executive Vice President David Wallace, a Bob Young whiz kid. Anita Young urged Chairman Kirby, who is also president, to lift Wallace to the presidency. Instead, after Kirby heard that Wallace was huddling with Boston Industrialist Abraham Sonnabend, who wanted to take over Alleghany (TIME, Nov. 23), Kirby fired Wallace. Anita Young fumed, pointedly refrained from endorsing Kirby against Sonnabend...
...convert her preferred into 905,314 shares of common, giving her 1,005,431 shares in all. (There are now 5.200,000 shares outstanding, plus war rants and preferred shares that can convert into another 8,200,000 of common.) Furthermore, Mrs. Young admires the business abilities of Millionaire Sonnabend (Hotel Corp. of America; Botany Industries, Inc.), who says he controls 700,000 shares. If they ally, the Young-Sonnabend total of some 1,700,000 shares could outvote Kirby's potential of 1,524,000 (he now controls 524,200 shares of common, has warrants and preferred that...