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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...
...three candidates—all former or current superintendents—hail from leadership positions in Fort Wayne, Ind., Andover, Mass., and Seattle, Wash...
...phone companies face growing competition, though, from products like the $30 Phone Butler, sold by Morgan-Francis Inc., based in Fort Myers, Fla., which performs a function similar to that of the Privacy Manager. A more aggressive approach is touted by Privacy Technologies, based in Glenwillow, Ohio, which developed the TeleZapper. A small black box that connects to any phone, the $40 TeleZapper greets each incoming call with shrill tones that resemble the sound of a disconnected phone. When automatic dialers detect this sound, they often interpret it to mean the number is disconnected and hang up. A downside...
GONESVILLE, or THE DISAPPEARING CITY. This exhibit in the Three Columns Gallery features photography by Martin Berenstein and sculpture by Christopher Frost. The collaborative installation explores the Boston neighborhood of Fort Point, which is rapidly changing due to gentrification and development, in two media photographs and wood. There will be an opening on Friday, April 11 at 6 p.m, followed by a talk and dinner at 6:30 p.m. Through April 27. Free. Three Columns Gallery, Mather House, 10 Cowperthwaite St., Cambridge...