Word: greenwald
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...John Greenwald. Reported by Bernard Baumohl/New York City
...their management during labor talks, can in some sense create even more trouble. "We are owners, and we have serious clout," says Captain Kevin Dohm, a 737 pilot from Chicago. "If need be, we will force the issue and start getting rid of management." That would include Gerald Greenwald, the man the union picked to run the company...
...goals. "There are serious business conflicts in a Sheraton-Hilton combination," said ITT chairman Rand Araskog. The move is part of a strategy designed to push Hilton's offer above $60 a share. "This is not the end of it. Now the real fun begins," says TIME's John Greenwald. "ITT made its expected move, and Hilton will very likely raise its offer." If Hilton's combative CEO Stephen Bollenbach had his way, the takeover would create the world's largest owner of hotels and casinos with 230,000 rooms and 30 gambling palaces. Once the very symbol...
...percent each year until 1999 and 2 percent in 2000. Members of the Allied Pilots Association began informational picketing in cities across the nation today, including Boston, Los Angeles, Miami, Chicago, San Francisco, Seattle, Washington D.C., Newark, and American's headquarters in Dallas-Fort Worth. TIME business writer John Greenwald reports that even the threat of shrinking operations may not be enough to move the company to deal-making. "American Airlines Chief Executive Robert L. Crandall is an extremely tough boss," Greenwald notes. Crandall, a known hardliner, has been known to berate his pilots publicly in the past. "His relations...
...John Greenwald. Reported by Jerry Hannifin/Miami