Word: trumping
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...barely a major hotel company that doesn't bear his imprint. "He is the best in the hotel business," says Bjorn Hanson, head of hotel-industry practice at Coopers & Lybrand, an accounting and consulting firm. "He has demonstrated that in what he has done with Disney, Marriott and Trump. He's done something different from what anyone expected. It's just sort of a Midas touch...
...into two companies. In 1989, as CFO of Holiday Corp., he helped launch a subsidiary that is now the Promus Hotel Corp. (Hampton Inn, Embassy Suites), in the process selling off Holiday Inns to Bass PLC for an outrageous amount of money. He also rescued casino-hotel mogul Donald Trump from ruin. Trump was personally on the hook for $650 million before Bollenbach sprang him, an act that some of the Donald's rivals found unforgivable...
Once this happened, many private developers, including Donald Trump, wanted in on the action. Foxwoods, of course, was not so enthusiastic about the impending competition. Former Gov. Lowell Weicker, shrewdly sensing a potential windfall for the state, and desiring to make the best of a situation in which he had to allow gambling but did not want its propagation, worked out a deal with Foxwoods. As long as Connecticut prohibited all private gambling, Foxwoods would pay the state a portion of its intake every year (the amount paid last year approached $200 million), essentially purchasing a government-sanctioned gambling monopoly...
FAMOUS PEOPLE'S DAUGHTERS Ivanka Trump, daughter of Ivana, and Jillian Hearst, daughter of Patty, strut the catwalk...
...sellers don't see anything out there that could take the icing off their cake, and they continue to expand. At the Ferragamo men's and women's shop in Manhattan's Trump Tower, demand for such items as $825 zip-top bags and $2,260 leather jackets has grown so brisk that customers may purchase no more than 10 in any one category such as coats or pairs of shoes. Perhaps they'll just have to think of it as sharing the wealth...