Word: westin
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Dates: during 1980-1989
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...management. But the new team gambled and failed in a multibillion-dollar investment in mortgage-backed securities. When the Bank Board went looking for help again, it eventually decided to grant exclusive bargaining rights to the Robert M. Bass Group, which had already taken over such properties as the Westin hotel chain and Bell & Howell...
...packed ballroom at the Westin Hotel, Bay State Republicans drank together and danced together as the vice president racked up state after state...
Pending results of security and medical checks, a new chef will be in command of the White House kitchen. He is Jon Hill, 33, of Spokane, who is considered a master of ice and tallow sculpture, and has cooked mostly in kitchens of the Westin hotel chain since he graduated from the Greenbrier Culinary Apprenticeship Program in West Virginia. For the past year, he has been executive chef at the Westin Cypress Creek, in Fort Lauderdale. White House sources say that Hill's appointment is by no means assured, but he has already been approved by Nancy Reagan...
...directors, the 52-year-old firm announced that Chairman Richard Ferris, 50, had resigned and would be replaced by Frank Olson, 54, who is currently head of the company's Hertz rental-car subsidiary. At the same time, for-sale signs were tacked onto Hertz as well as the Westin and Hilton International hotel chains, whose 149 hostelries constituted the third branch of the firm. Management also said it would seriously consider demands by the pilots for employee ownership. Finally, Olson recommended that the company's name, which had been changed only six weeks ago from UAL to Allegis...
...Maxwell called it quits, long-suffering Allegis -- owner of United Air Lines, Hertz, and the Westin Hotels and Hilton International chains -- announced a ploy much like Harcourt's. The Allegis directors authorized a cash payment of $60 a share, worth some $3.5 billion. The move came two days after the New York City-based investment firm of Coniston Partners declared that it owned 13% of Allegis' shares and wanted to gain control of the 16- member board...