Word: cessnas
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...easily distracted by canny opponents who bring up the topic of Wal-Mart. Another favorite pastime is quail hunting; Walton often takes his two pointer dogs along with him on his business trips in case any opportunities arise. His only obvious material luxury is a twin- engine Cessna, which he frequently pilots on his constant travels from store to store...
American Flight 557 approached Chicago's O'Hare on Oct. 31. As it descended from 10,000 ft., a single-engine Cessna suddenly appeared ahead of it and passed just 300 ft. below and a mile to one side. Snapped the startled American pilot: "Center, did you just have an aircraft pass us in the opposite direction?" Controller: "I have an old track I don't see . . . there, target's back up now. I'm sorry about that." Pilot: "Well, that was very, very close...
...Force had decided it did not want to buy a new T-46A trainer, designed by Fairchild Republic at its development plant on New York's Long Island. The Air Force argued that it could save $2 billion by upgrading its current T-37 trainer, built by Cessna in Kansas, rather than buying 650 of the newer planes...
...that the Government began running out of funds and half a million federal workers had to be sent home. Their lost time cost taxpayers an estimated $62 million. But the tactic worked: Congress decreed that the Fairchild aircraft should be given another - year to try to beat out the Cessna...
Some thrift executives used financial deregulation as an opportunity to become big shots. In the early 1980s, Centennial Savings & Loan of Guerneville, Calif., bought a Cessna company plane, imported a French chef for its executives and invested in projects as diverse as a mushroom farm and a highway construction company. The S and L failed in 1985, and the bank board had to take it over and replace almost all the high-ranking managers. Says Jack Steele, dean of the University of Southern California School of Business Administration and a member of the new board of directors: "The first thing...