Word: forte
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Dates: during 2000-2009
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RESIGNED. DONALD CARTY, 58, as chairman and CEO of American Airlines; after unions were outraged to learn that he had awarded large bonuses to himself and other top executives last March while workers were being urged to accept wage concessions; in Fort Worth, Texas. To help the airline stave off bankruptcy, the unions nevertheless agreed to $1.6 billion in wage cuts...
...gain effective control of US Airways, RSA outbid by 20% the Texas Pacific Group, based in Fort Worth, a private-equity outfit with long experience investing in distressed airlines. RSA has plunged into a battered industry that has bedeviled even value-stock gurus like Warren Buffett, who once described his airline investments as "temporary insanity." Olivia Mitchell, executive director of the Pension Research Council at the University of Pennsylvania's Wharton School of Business, warns that for a pension fund, direct investment in such a risky business--especially when the fund manager becomes the airline chairman--"creates a slippery slope...
...candidate, Thomas Fowler-Finn—currently superintendent of the Fort Wayne Community Schools in Fort Wayne, Ind.—seemed to come out of the Friday interviews a frontrunner...
...three candidates—all former or current superintendents—hail from leadership positions in Fort Wayne, Ind., Andover, Mass., and Seattle, Wash...
...interview, Fowler-Finn emphasized his experience dealing with the achievement gap in Fort Wayne, which has similar demographics to Cambridge—although it’s much larger—and where, he said, he’d narrowed the gap by 30 to 40 percent...