Word: chairman
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Transportation Secretary Samuel Skinner, announcing that President Bush refused to intervene in the Eastern strike, could not resist a verbal shiv of his own. "Mr. Lorenzo," he said, "has obviously not got the trust and admiration of his employees." As unionists burned an effigy of the Texas Air chairman, their leaders laid ambitious plans to expand the strike through a series of secondary boycotts that would tie up commuter traffic across the country -- a nightmare that was averted when judges in several cities slapped temporary restraining orders on strikes of intercity rail and commuter lines...
Meantime, Eastern's competitors had a field day poaching on the crippled airline's territory. TWA, Delta and Pan Am added flights on Eastern routes to capture its customers. Even Amtrak and Greyhound expanded their service to meet the new demand. TWA Chairman Carl Icahn confirmed that Eastern's unions had asked him to launch a bid for the airline. Icahn briefly considered such a bid last fall. He found the idea interesting, he said, but did not want to interfere in Eastern's collective-bargaining process. Lorenzo was cool to the suggestion. "Our major goal at the moment...
...going to kid you by saying that some of those efforts haven't hurt my family and me," he said last week. "They have." Lorenzo maintains that he has done everything in his power to prevent Eastern from folding. He recalls the options that former Eastern Chairman Frank Borman described for the airline in 1986: "Fix it, sell it, or tank it." Unable to fix it, Borman sold it. As the bankruptcy court now begins to address the formidable task of putting Eastern back together again, Lorenzo was facing the possibility last week that tanking Eastern may yet turn...
...everyone was so enthusiastic. Venezuelan President Carlos Andres Perez called the new proposals "encouraging" but only "very timid steps." Paul Volcker, former chairman of the Federal Reserve Board, warned against looking for a "magic elixir" to solve the crisis. In a speech before a conference on Third World debt in Washington, Volcker explained, "If not well managed, a process of debt reduction clearly could be hazardous to the health of debtors and creditors alike...
...think he should be. This is my opinion. I think elections should be universal, equal, by direct and secret vote between alternative candidates, from the bottom to the top, including the election of the Chairman of the Presidium of the U.S.S.R. Supreme Soviet...