MANAGEMENT: Room Service

For the second time since he left the White House in 1933, Herbert Hoover last week took on a private business job.* He became a member of the new board of directors of Conrad Hilton’s newly purchased Waldorf-Astoria Hotel (TIME, Oct. 17). Hoover, who will receive $30 per board meeting, had an added reason to take the Waldorf job. He lives there.

* His other private job: a director of New York Life Insurance Co. from Jan. 9, 1935 to May 13, 1942.