Charles C. Tillinghast, Jr.

Charles Carpenter Tillinghast, Jr. (January 30, 1911 – July 25, 1998) was a chairman of Trans World Airlines and chancellor of Brown University.[1][2]

Biography

He was born in in Saxtons River, Vermont on January 30, 1911 to Charles Carpenter Tillinghast, Sr. (1884-?). He attended Horace Mann School then Brown University, where he played football, graduating in 1932.[2][1]

He graduated from Columbia Law School in 1935 and became a lawyer in Manhattan.[1][2][3] He was on the staff of district attorney Thomas E. Dewey in New York City and a partner with the law firm Hughes, Schurman and Dwight.

In 1957 he joined Bendix Corporation, becoming director of its foreign operations.[3] He was a vice president at Bendix in 1961 when he was hired as president and CEO of TWA in a deal sponsored by creditors seeking to oust Howard Hughes from control of the airline. Because control of the airline was in litigation, Tillinghast received an employment contract, dubbed a “golden parachute”, the first known use of that term. He served as chairman until 1976.[1]

Tillinghast oversaw a golden era for TWA as it moved to a hub system and achieved dominance in the trans-Atlantic market, and expanded TWA's reach into the hospitality industry by way of its purchase of the Hilton Hotels chain through a newly created division called the Trans World Corporation. He was criticized for ignoring the Pacific and domestic U.S. routes. During his tenure the airline industry went through major changes, including spikes in fuel prices and the advent of terrorism.

Tillinghast was chancellor of his alma mater from 1967 to 1978. In 1998 the university established the Tillinghast Professorship in International Studies in his honor.[4]

Tillinghast died July 25, 1998, in Little Compton, Rhode Island.[1]

References

  1. ^ a b c d e "Charles C. Tillinghast Jr., 87, Former Chairman of T.W.A.". New York Times. August 1, 1998. http://select.nytimes.com/gst/abstract.html?res=F70C10F83B5C0C728CDDA10894D0494D81. Retrieved 2010-11-16. "Charles C. Tillinghast Jr., a lawyer, businessman and investment banker, who was chairman of Trans World Airlines and a former chancellor of Brown University, died July 25 at his summer home in Little Compton, R.I. He was 87. He died of heart disease, a spokesman for the family said." 
  2. ^ a b c "Airlines: Caught at the Crest". Time magazine. July 22, 1966. http://www.time.com/time/magazine/article/0,9171,836118-5,00.html. Retrieved 2010-11-04. "Tillinghast went to high school at New York's Horace Mann, an academically demanding private day school in The Bronx, which was run by his father for 30 years. ... Tillinghast went from Columbia Law School to a $175-a-month job with the Manhattan law firm headed by Charles Evans Hughes Jr., son of the onetime Chief Justice. Except for 29 months as a deputy assistant Manhattan district attorney under Thomas E. Dewey, he spent the next 22 years practicing corporate law." 
  3. ^ a b "New President at TWA". Time magazine. March 31, 1961. http://www.time.com/time/magazine/article/0,9171,872228,00.html. Retrieved 2010-11-04. "Tillinghast, a varsity football center at Brown University ('32), graduated from Columbia Law School in 1935 and joined a Manhattan law firm. In 1942, when Ernie Breech became president at Bendix, he signed up the law firm, and Tilling hast handled Bendix affairs. In 1957 Tillinghast joined Bendix, became director of its foreign operations." 
  4. ^ http://www.brownalumnimagazine.com/march/april_1998/since_last_time....html

External links