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Hilton Hotels, 1957 Annual Report
Image 18
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Hilton Hotels Corporation. Hilton Hotels, 1957 Annual Report - Image 18. 1957. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. August 12, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1041.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation. (1957). Hilton Hotels, 1957 Annual Report - Image 18. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1041

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Hilton Hotels Corporation, Hilton Hotels, 1957 Annual Report - Image 18, 1957, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed August 12, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/1056/show/1041.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Hilton Hotels, 1957 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1957
Description Hilton Hotels Annual Report for calendar year 1957.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Hilton Hotels Corporation
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 18
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_010_018.jpg
Transcript Hilton' IV1 en slnd Women Executive Changes . . . Benno M. Bechhold was elected a director of Hilton Hotels Corporation at the April annual meeting of stockholders. Mr. Bechhold is vice president of Savoy-Plaza, Inc., a subsidiary of Hilton Hotels Corporation since it was acquired in February, 1957. He formerly was president of Savoy-Plaza, Inc., prior to the acquisition of control of this company by your Corporation. Charles L. Fletcher was elected treasurer of Hilton Hotels Corporation on January 24, 1958, assuming the duties of Herbert E. Holt, who retired as treasurer at the end of last year. Mr. Fletcher continues as vice president in charge of financial affairs, a position to which he was elected in 1952. Fordyce H. Meriam, assistant treasurer, was also appointed comptroller on January 1, 1958. Employee Relations . . . Management-employee relations continued on a harmonious and effective basis throughout the year. The 25,000 men and women who comprise the Hilton organization and who set the personal tone necessary for excellence in hotel service, served with distinction. Management is justifiably proud and commends them for their loyal efforts. Satisfactory wage agreements were reached with union representatives of Hilton employees during the year. Your Corporation has followed a policy of liberal wages and benefits with salutary results. The human factor in operations is paramount in any industry, and especially in a service industry. Hilton guests, perhaps more than customers of other services and goods, measure the Corporation by its personal representatives. Hilton pays the full cost of an employee group life insurance plan which also covers disability, hospital, surgical, medical and polio expenses. Supplementary life insurance is also available for employees who qualify. The Corporation contributes about half the cost of these additional benefits. The Hilton Hotels Pension Plan for retired employees, inaugurated in 1951 in recognition of the past loyalty and cooperation of Hilton men and women, received $1,062,603.35 from Hilton, its subsidiaries and affiliates in 1957. These contributions covered the current cost plus funding of about 10% of past service costs. The plan is designed to assure a degree of financial independence for retiring employees. The Hilton Hotels International scholarships, established in 1956 at Cornell University's School of Hotel Administration, were awarded for the first time in 1957 to three students from Puerto Rico, Istanbul and Singapore. These foreign scholarships supplement those which Hilton sponsors for its employees and others at Cornell and other institutions. 16