TRAVEL: Henry's Thatched Huts

Most tourists who step off the boat in Honolulu slip into a bathing suit and make straightway for Waikiki beach to lie in the sun. But not Henry J. Kaiser, 74. As a vacationing tourist two years ago, he took one look at Waikiki beach and decided things could be improved. Said Kaiser : "I figure just about everybody wants to travel to Hawaii, but facilities have not kept pace." Since then, Pacesetter Kaiser (29 Kaiser companies, $775 million in annual sales) has been having the time of his life playing with his...

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