OTHER NEWS - Aug. 17, 1996

Compensation Deal for Executive Disclosed: Bally Entertainment Corp. Chairman and Chief Executive Arthur Goldberg will be paid $6 million over three years and receive options for 450,000 Hilton shares over that period for being a consultant to Beverly Hills-based Hilton Hotels Corp., according to a recent Hilton federal filing. Hilton agreed in June to buy Chicago-based Bally for $3 billion in stock and assumed debt. Under the agreement, Hilton will complete a 4-for-1 stock split, with Bally shareholders receiving a share of Hilton stock on a post-split basis. Goldberg also agreed to be Hilton’s vice chairman, according to the Aug. 6 Securities and Exchange Commission filing.