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Dates: during 2000-2009
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Distantly related to Aaron Burr, who was Thomas Jefferson's Vice President when he killed Alexander Hamilton in a duel, the People Express chairman was a brash achiever from the start. His father was an M.I.T.-trained engineer and his mother a social worker, and young Burr remembers going to the neighborhood drugstore to admire not only its candy counter but also the proprietor's efficient storekeeping methods. In high school Burr sang in the barbershop quartet and played saxophone in the band. He went in for varsity soccer, basketball and baseball, and proceeded straight to the expert slope...

Author: /time Magazine | Title: A Yankee Preacher in the Pilot's Seat | 6/21/2005 | See Source »

...quit Texas International in January 1980 to start his own airline. "He's absolutely fearless," a member of People's board of directors observes. "He takes business risks that are unbelievable." As he assembled People Express in Newark, the new boss used Army-style screening tests to make sure job applicants had the same daring spirit that he did. By November 1980 Burr had gathered together a band of renegades who were attracted by People's you're-the-boss structure. They included a flight scheduler and a personnel manager. The new company issued stock, raising enough cash...

Author: /time Magazine | Title: A Yankee Preacher in the Pilot's Seat | 6/21/2005 | See Source »

Burr can now afford a few such comforts. The 6.1% of People Express he holds is worth almost $13 million. Burr also takes time for a daily three-to-six-mile jog, during which he does his blue-sky thinking. He has run eleven marathons, including New York City's. His best performance on the 26.2-mile course: 3:40:42. That poses no threat to champion runners, but rival airline bosses might worry about what Burr is thinking on those long hauls. It was during a jog one morning in Houston that Burr came up with the concept...

Author: /time Magazine | Title: A Yankee Preacher in the Pilot's Seat | 6/21/2005 | See Source »

...distress sale of Lehman Brothers to a subsidiary of American Express in May 1984 ended the independence of a private investment banking house that lad been in existence since 1850. The final reckoning yielded Lehman's 72 partners sums ranging from nearly $ 1 million for the most junior to $10 million-plus for the top echelon. This gilded dissolution followed months of infighting that had effectively deposed two chief executives of the firm. The first was a former Nixon Cabinet member with a Greek immigrant background but Wasp manners and connections; the other was a company insider who throughout...

Author: /time Magazine | Title: Power Struggle | 6/21/2005 | See Source »

Murphy Jones (James Garner) is a prosperous widower who runs the nearest drugstore. His marble soda fountain and his car, a 1927 Studebaker, express his commitment to solid, old-fashioned workmanship, while the antinuke sticker on the Studi's windshield shows that he too is up-to-date on matters of faith and morals...

Author: /time Magazine | Title: Cinema: Growing Up, Old and Fat | 6/21/2005 | See Source »

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