Word: tisch
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...announcement of the prospective merger between Loew's and Lorillard took Wall Street by surprise. Negotiations had been secretly carried on in suburban Scarsdale, N.Y., where both Loew's Chairman Laurence A. Tisch and Lorillard Chairman Manuel Yellen live. Meeting at the Tisch home in Scarsdale, Tisch and Yellen were able to work out within one week a deal by which Lorillard's product line (Kent, True, Newport, Old Gold and Spring cigarettes, Tabby cat food and Reed candies) will join the 14 hotels and 110 theaters controlled by Tisch and a younger brother. The merged company...
...that Loew's, apart from whatever additional stock it may pick up through its tender offer, is already Commercial Credit's biggest stockholder, having bought almost 10% of the company's shares on the open market during the past year. And Loew's President Laurence Tisch, assailing the proposed get-together with Control Data as a "shotgun wedding," was plainly in no mood to surrender...
...once heroic 100,000-mile-a-year traveler has been superseded by the 250,000-mile man; both Kaiser Industries President Edgar Kaiser and Loew's Hotel President Preston R. Tisch flew that far last year. Jets also make it possible for prosperous executives to live in one climate and relax in another. Pan Am has a regular clientele of Manhattan businessmen who have bought winter homes in Nassau, jet from snow to sun weekends on an easy 2-hr. 50-min. flight...
President Kennedy was busy, so the owners of the Summit, a brother team named Larry and Bob Tisch, settled for the last best thing, Mayor Robert Wagner, and a monster cocktail party with a flack-picked guest list. The kings, if any, have yet to make their appearance, the chauffeurs' waiting room has given way to a drive-yourself rental agency, and as for the late Mr. Bagby, he was not even replaced by Muzak. The one link to the Waldorf era: Claudius Charles Philippe, for many years the Waldorf's shrewd general factotum, is now the Tisches...
While luring guests into his hotels with conspicuous luxury, Larry Tisch has little use for it in his own life. He lives with his wife and four children in a ten-room house in suburban Scarsdale, commutes by train, neither drinks, smokes, nor indulges in any steady hobby. He often works late into the evening, spends his free evenings at home or at Broadway plays or movies (twice a week) with his wife, works hard in fund-raising and community affairs. Larry Tisch is shocked by any suggestion that he might like to relax and enjoy his money. "This...