Word: ackerly
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Dates: during 1980-1989
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Never before had Pan American World Airways tapped the head of another airline to be its boss. But this week C. Edward Acker, 52, chairman of Miami-based Air Florida, will take over as Pan Am chairman. He succeeds William T. Seawell, 63, who in July announced his early retirement...
...Acker faces probably the toughest task in U.S. commercial aviation. Buffeted by new competition brought about by airline deregulation, skyrocketing labor and fuel costs and overextended air routes, Pan Am lost $217.6 million in the first half of the year. Two weeks ago company directors approved the sale of Pan Am's chain of 97 Intercontinental Hotels to Grand Metropolitan Ltd., a British conglomerate, for $500 million in cash...
Tall (6 ft. 4 in.) and a basketball player during his college years in Texas, Acker started in the tire and battery business, served as a vice president of Lionel D. Edie & Co. investment advisers, and then switched to the airline industry in the 1960s. He became president of Braniff in 1970, and in 1977 was named chairman of Air Florida. By slashing fares and expanding service, he increased Air Florida revenues from $7.8 million in 1977 to $161.2 million last year. The formerly small intrastate line now flies to 43 cities, including London and Amsterdam...
...another ruling, the Court yesterday refused to review a petition to block proceedings in the registration case. Filed "on behalf of the U.S. government" by Stacy Acker, a 20-year-old woman from Alabama, the petition claims the government has the authority to register only...
...likely to do is appropriate the $13.3 million the White House seeks for the staffs and computers needed to register the nation's 18-year-olds, which has not been done since 1975. The Senate is expected to consider the question this week. Says Air Force Major General Acker: "At the very least, some form of registration is necessary to provide a ready pool of people to call on if needed." In addition, according to Major General Maxwell Thurman, head of the Army's recruiting command, registration "will heighten the 18-year-old's awareness of the Army...