Word: statler
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Dates: during 1950-1959
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...other undergraduate divisions, architecture, hotel administration--with a lavish Statler hotel on campus in which to practice--and the state-supported Home Economics and Labor and Industrial Relations schools, all have relatively small student bodies...
...over them. Consequently considerable responsibility rests with these other divisions to admit students who have shown by their previous records that they have the ability and inclination to take varied courses as well as skills within their own fields.6Cornell students in full dress Ivy League uniform at Cornell's Statler Hotel Not all Cornell men ordinarily dress quite so formally. Grey fiannel suits and sport jackets are not as much in evidence in places like the agricultural campus. Except for special occasions, they are not usually worn anywhere at Cornell...
CONRAD HILTON, who bought out the ten Statler hotels (for $8,000,000 down, $70 million on credit) only last month, will soon sell them to private investors and insurance companies, lease them back to operate. Hilton, who wants to avoid issuing more Hilton stock to finance his purchase, will retain full operational control...
...like nothing more than getting together at trade conventions, recently have been getting together in another way. They have embarked on the greatest merger spree in history. In the past few months, by stock swap or outright purchase, Nash and Hudson became American Motors, Hilton Hotels took over the Statler chain, Mathieson Chemical and Olin Industries combined. Still more big mergers are in the making throughout industry. Packard and Studebaker stockholders vote this week on consolidating. Bethlehem Steel is talking merger with Youngstown Sheet & Tube, and Textron is working on a three-way merger with American Woolen and Robbins Mills...
...advantages often play an important part in creating the urge to merge, as in the Hilton-Statler combination (TIME, Aug. 16). So do changing business tides. The Paramount Theatre chain, making money in a troubled industry, was a natural to combine with American Broadcasting, which was losing money in the promising new field of television. One of the reasons advanced for Oilman Clint Murchison's current interest in Follansbee Steel (see Tycoons) is that the steel company has a listing on the New York Stock Exchange, something that Murchison has never...