Word: carriere
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...scandal uncovered last spring in Chicago, which had been plagued by sloppy service and late deliveries. Confirming the public's worst suspicions, police found a foot-high pile of month-old mail under a porch, and fire fighters came upon 2,300 lbs. of old mail in a letter carrier's home...
Until he was ousted last week, chairman Stephen Wolf was arguing that layoffs would be required to help put the carrier firmly in the black. Wolf's track record makes his prognosis hard to ignore. He strengthened the airline considerably during his six years at the helm, aggressively expanding United's worldwide route system, adding key gateways like Chicago-Tokyo -- now the airline's most profitable route -- all the while cutting costs by about $1 billion annually over the past three years. Wolf's determination to demand deep new pay cuts and layoffs, which might have triggered a bitter...
Pilots, office workers, customer-service agents and ground crews became the proud new owners of United Airlines as UAL shareholders approved an employee buyout of the Chicago-based carrier. In exchange for $4.9 billion in wage cuts and other concessions, the 54,000 new owners will receive 55% of the company, their choice of Gerald Greenwald as chairman and ceo, and three seats on the board of directors...
COMPANIES: United's Employees Buy the Carrier...
...White House, they will be ready to carry them out as early as this week, following the arrival of a four-ship flotilla in the waters off Haiti. This amphibious ready group (ARG) carries 2,000 Marines and packs a tremendous wallop. The armada includes the Inchon, a helicopter carrier; the Portland and the Trenton, which can deliver troops to shore by boats and helicopters; and the Spartanburg County, designed to put tanks and other heavy equipment ashore. They join another helicopter carrier, the Wasp, with 650 Marines aboard, already stationed in the area. Along with combat-ready Marines, these...