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Business Wars

Hilton vs Marriott | Bad Heir Day | 2

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 16 August 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

It’s the late 1960s and succession is top of mind at both Hilton and Marriott.


Conrad Hilton’s almost 80 and about to hand his business over to his sons, Nicky and Barron. But their rivalry will push Hilton into making a damaging decision.


Meanwhile, Bill Marriott railroads his father, J.W., in order to load up on debt and catapult the Marriott Corporation into the hotel big-time.

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Transcript

Click on a timestamp to play from that location

0:00.0

On the manicured grounds of his mansion in Bel Air, Conrad Hilton stares into the distance.

0:21.6

The lights of L.A. stretch out below him, the stars twinkle above.

0:26.9

It's October 1966, and 47 years since Conrad bought his first hotel.

0:33.2

Now, his name's known to travelers everywhere.

0:36.9

But tonight, he passes the torch to his eldest sons.

0:40.6

And to witness the moment, he's invited 100 relatives, friends, and business associates

0:45.6

to his opulent home.

0:48.8

Conrad is unsure he wants to make way for his heirs.

0:51.9

He's not even convinced that they're ready to step up, but he's 78, and he can't put

0:57.6

it off any longer.

1:01.1

Conrad checks his white tuxedo for stains and then heads to the wooden podium on the nearby

1:05.8

stage.

1:07.2

He steps on to stage, knowing that he's about to surrender control of Hilton's day-to-day

1:11.6

operations for the first time in his life.

1:16.0

He leans toward the microphone.

1:20.7

The music stops, guests gather before the aging hotel mogul.

1:26.6

Thank you for being here.

1:28.9

Tonight, it gives me the greatest pleasure to announce two new appointments.

1:33.3

First, please welcome the new chairman of Hilton International, my son, Nikki.

1:41.3

Nikki heads towards the stage.

1:43.5

He's a handsome 40-year-old who could pass for a member of the rat pack, but his playboy

1:48.3

ways make them seem like Boy Scouts.

...

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