Word: months
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Dates: during 1940-1949
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...exactly a hotel-it was sort of a flophouse. We considered it a bad day when we didn't have a three-time turnover on the beds. It was a bad night when I had a bed of my own." But the flophouse made $3,000 the first month and Hilton decided "to freckle Texas with Hilton hotels...
...Healy. The contractor jacked up the price three times, until Hilton suddenly let it be known that he was going after the Palmer House instead. Healy finally came to terms, but they were his own and gave him a clear profit of $1,500,000 for his 15-month ownership. Says Hilton in admiration of Healy's horse-trading ability: "If I had a dollar for every time I called that bricklayer an S.O.B., I wouldn't want the Stevens." Even at the $7,500,000 price, Hilton thought it a bargain...
...crack team which includes Executive Vice President Robert P. Williford, 49, who started as a desk clerk in 1931; Vice President James B. ("J.B.") Herndon Jr., 50, who was the first manager of the Albuquerque Hilton; Vice President Spearl ("Red") Ellison, 36, who started as a $5-a-month bellhop; Vice President Joseph P. Binns, 43, a relative newcomer to the corporation, who managed the Stevens before Hilton took over. Hilton's son Nick, 23, is learning the ropes from them (his other sons by his first marriage, Eric, 16, and Baron, 21, are not in the business). Hilton...
...year to dine & dance. Stockbrokers E. F. Hutton & Co., who had been paying only $5,000 a year for valuable ground-floor space, were moved upstairs (for the same rent). In their place the original Oak Bar was restored; it now grosses $25,000 a month. When Williford saw the chance to make $18,000 a year by renting out small showcases, known as vitrines, in the lobby, he wired Hilton for an O.K. Hilton wired back: "I don't know what a vitrine is, but if they'll bring in that much, put them...
...Some Bad Times." Until ten years ago, said Clarence Wimpfheimer, president of Stonington, Connecticut's American Velvet Co., there were frequent labor disputes and "I had some bad times with the boys." After a 16-month strike, Wimpfheimer adopted a profit-sharing plan for his 350 employees, all members of the C.I.O. Textile Workers Union. The company, which has had no work stoppage since then, last year paid $180,000 into profit-shares and pension funds, equal to 22% of each man's wages...