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Hilton Hotels, 1960 Annual Report
Image 24
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Hilton Hotels Corporation. Hilton Hotels, 1960 Annual Report - Image 24. 1960. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. June 3, 2020. https://digital.lib.uh.edu/collection/hiltonar/item/476/show/463.

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. (1960). Hilton Hotels, 1960 Annual Report - Image 24. 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/476/show/463

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, 1960 Annual Report - Image 24, 1960, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed June 3, 2020, https://digital.lib.uh.edu/collection/hiltonar/item/476/show/463.

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, 1960 Annual Report
Creator (LCNAF)
  • Hilton Hotels Corporation
Publisher Hilton Hotels Corporation
Date 1960
Description Hilton Hotels Annual Report for calendar year 1960.
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 24
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_013_024.jpg
Transcript treasury with $5,000,000 of new funds to compensate for credit losses and high initial organization and operating expenses. These funds are being provided to Hilton Credit Corporation, against their subordinated notes, by a group consisting of Hilton Hotels Corporation and several of its directors acting as individuals. The new management, aided by new funds, will exert every effort to achieve better operating efficiency and improved operating results. executive changes: Several top management changes were effected during 1960. In December, Conrad N. Hilton, president, was elected to the additional post of chairman of the board. Robert P. Williford, formerly executive vice president, was named to the newly created post of vice chairman of the board. At the same time, Robert J. Caverly was elected executive vice president and a director of Hilton Hotels Corporation. Mr. Caverly joined the Corporation in 1947 and was elected a vice president in 1956. Since 1958 he has been in charge of the International Division. In August, Edward C. Johnson, 2nd, of Boston, president of the Fidelity Fund group of investment trusts, was elected a director of Hilton Hotels Corporation. In other key changes, Vernon Herndon, and Conrad N. Hilton, Jr., vice presidents, were placed in charge of the Central Division and Inn Division respectively. Curt R. Strand, vice president of Hilton Hotels International, Inc., was made general manager of that subsidiary in January of this year. 22 employee relations: Staff benefit programs, training and opportunities for advancement assist in maintaining excellent relations with the company's 30,000 employees throughout the world. Under the Hilton Hotels Pension plan a measure of financial security is provided for employees upon their retirement. Hilton Hotels assumes the total cost of a group insurance plan for hospital, surgical and medical insurance benefits for its domestic employees. Qualified employees also are aided in paying for supplementary life insurance. Management helps in the employee's career planning by acquainting him with different phases of operations through transfers between departments and between hotels. Guidance and strengthening of personnel performance throughout the entire organization, at every level, is a continuing effort of the Executive Development Committee. We cooperate with colleges in the development of outstanding young men and women to become junior hotel executives. Home and group study courses, sponsored by the American Hotel Institute, are made available to Hilton employees. Nationals of foreign countries are brought to the United States for thorough on-the-job training and some are awarded Hilton scholarships at Cornell University's Hotel School. The growth of the Hilton system creates new positions and serves as an incentive for competent employees. Hilton uniforms around the world