Word: cab
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Dates: during 1950-1959
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...civilian business failed to fill the gap (TIME, Oct. 4). Last week two optimistic outsiders who thought they could cure Slick's ailments took over the airline's management. In as new board chairman and top manager went Delos Wilson Rentzel, 45, a former CAA administrator, CAB chairman and Under Secretary of Commerce for Transportation, who is now president of two Oklahoma City truck lines. In as director and executive committee member went Roy G. Woods, 54, Oklahoma oilman and owner of several trucking companies. Rentzel and Woods got a five-year option to buy 20% of Slick...
...partners, most of whom are equally competent. On stage, his voice has a nasal quality, however, which mars the doctor's studied urbanity. The only actively offensive character is Susan's husband, played by Charles Boaz, whose simpering description of how to make bumpy love in a taxi-cab reaches some sort of low for the evening...
...MAIL PAY CUTS will hit airlines hard if the Civil Aeronautics Board puts its new formula into effect. Instead of the current flat rate (average: 46? per ton mile), the CAB wants to save money with a sliding scale based on a 30?per-ton-mile rate plus an additional sum, depending on the size of the city served. Biggest potential losers: T.W.A., American Airlines and United Air Lines, which stand to lose between $800,000 and $1,400,000 apiece annually...
...deal was the termination contracts the unions (Slick's independent pilots' and mechanics' unions, the Tiger locals of the pilots' A.F.L. union and independent mechanics' union) demanded for men lopped off the payroll as a result of the merger. The deal ordered by CAB: a year's salary, or 60% of it for four years. Says Prescott: "We believed that if the volume of business held up there would be relatively few terminations, and those could be paid out of earnings...
...first six months of 1954. Trying to cut costs, they had to trim 900 men off their 3,200-man payroll, and promptly ran head-on into termination claims adding up to as much as $6,000,000. When both the unions and the CAB refused to nullify the contracts, the two lines decided to call off the merger, thus get out from under the union's costly claims...