Word: erickson
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Dates: during 1990-1999
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...maybe not. An experiment described in the current Nature suggests that the huge carnivore did indeed have the most powerful bite in history. Researchers led by Gregory Erickson, a graduate student at the University of California, Berkeley, figured that if they could reproduce the T. rex bite marks found in fossilized Triceratops bones, they could deduce how much force had been needed to make them. So with the help of Stanford biomechanical engineers they crafted a false Tyrannosaurus tooth out of bronze and aluminum, then mounted it in a guillotine-like device and slammed it into the pelvic bone...
...Jeffrey Erickson told TIME last week that he does not see a need for dramatic change: "I think our standards are the best in the world. There's been no indication that there's a security problem." TWA has its own wholly owned security service that handles all its international locations, including Athens...
Until last week's disaster, TWA could point proudly--as CEO Jeffery Erickson did publicly--to an admirable safety record. Its financial history, on the other hand, has been absolutely dismal. TWA has flown in and out of bankruptcy twice this decade, losing more than $2 billion in the process. It has managed to survive largely on the willingness of its workers, who own 30% of the company, to grant whopping concessions to keep it from following fellow pioneers Pan Am and Eastern into aviation history...
...Under Erickson, who was recruited in 1994 from discounter Reno Airlines, TWA has labored to become an up-to-date carrier. The company struck deals with workers and creditors that slashed $500 million from its $1.8 billion debt, including $130 million in reduced wages and benefits. TWA also cut its annual interest payments by $50 million. Incredibly, the airline only recently converted to computers to set fares and manage its inventory of seats to boost revenues for each flight. Notes Brian Harris, airline industry analyst for Lehman Bros.: "TWA had been operating in a 1970s time warp." This backwardness apparently...
...today is much stronger financially than Pan Am was post-Lockerbie. Pan Am quit the skies during an industry-wide recession. By contrast, U.S. airlines are in the second year of a recovery, and Erickson said last week that TWA was in "the best financial condition in a decade." He contended that TWA's summer bookings had not been affected by the tragedy. One fiscal casualty: the airline was forced to postpone an 8 million-share offering last week. Before the disaster, Erickson noted that "we like to think of ourselves as a 72-year-old start-up. The trick...