Trans World Corporation - TWC - 1980 dated Specimen Stock Certificate

Specimen Stock printed by Security-Columbian United States Banknote Corporation. Trans World Corporation was the original name of the holding company set up to own Trans World Airlines.

In 1967, when the airline sought to diversify into other areas of business, a key investment was Hilton International Hotels, the non-American interests of the Hilton Hotels chain. (Because of this split, the Hilton International chain had to call its hotels in America Vista, while future overseas locations of the American Hilton chain were called Conrad International. This operation was later sold by Trans World Corporation while under the leadership of Charles C. Tillinghast Jr. the CEO of TWA and the first known to receive a golden parachute employment contract.

In 1983, Trans World Corporation, under Chief Executive Officer L. Edwin Smart, spun off Trans World Airlines to Carl C. Icahn. At the time of TWA's spinoff, TWC owned Spartan Food Systems Inc., the Canteen Corporation, Hilton International, and Century 21 Real Estate Corporation. Read more at https://en.wikipedia.org/wiki/Trans_World_Corporation