bob began his career in business when he opened a hotel in 1946 with his brother, larry. the brothers continued to expand their hotel business, eventually purchasing stock in loew's inc. in 1958, owning the company beginning in 1959, and creating loew's corporation as a parent company of loew's theatres and loew's hotels in 1970. bob was named president and chief operating officer of loews in 1968, and both bob and his brother retired as co-ceos of loews on december 31, 1998. loews eventually diversified into fields such as insurance and natural gas.