The man no one knows who changed Boston

Photo caption: Charles Hayden (center) drives the gold-plated rivet into the steel structure of the Park Avenue Waldorf Astoria on March 24, 1930. Photo courtesy of Waldorf Astoria New York Archives. Article by Simson Garfinkel ’87, PhD ’05. MIT Technology Review – February 23, 2022.

Driving the gold-plated rivet into steel, Charles Hayden, Class of 1890, marked a new phase for New York City’s storied Waldorf Astoria hotel. It was the morning of Monday, March 24, 1930, just five months after the stock market crash of October 1929. The previous Waldorf had been razed to make room for the Empire State Building. A new company had bought the name for a dollar, and Hayden, one of New York’s wealthiest bankers, had been elected chairman of the new board to help secure funding. […]

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