Word: franked
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Dates: during 1980-1989
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...impossible to answer this question without destroying two myths about Frank Lorenzo, Eastern Airlines and the machinists' strike...
Myth number one: crossing the picket line and riding Eastern Airlines is not a political act. The fact is that when you fly Eastern Shuttle to New York, you are making a $29 donation to Frank Lorenzo's fund to bust the machinists. The strike is extremely expensive for Lorenzo, and for Texas Air, of which Lorenzo is chair. Eastern, before the strike, was losing $1 million per day. Now its losses are enormous...
Current capitalist philosophy says that one man's greed will benefit the masses. Is Frank Lorenzo fighting our battle, the battle of airline passengers, against recalcitrant and over-paid union members...
Second, look at Continental Airlines. Although Continental has lower operating costs than other airlines, these savings are not passed on to its passengers in a significant manner, but instead they accrue to Frank Lorenzo's unionbusting coffers and personal bank account...
...Frank Lorenzo is not an innovative capitalist crusader. He is a violently anti-union, cynical man who sees the world through green-colored glasses. He wants your $29 to break the backs of 8500 machinists, to eliminate their jobs. He'll scratch your back if you scratch his. Don't touch...