Word: klm
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...tone was obvious as soon as Chou stepped off his chartered KLM Electra amidst a pelting hailstorm. Algerian Premier Ahmed Ben Bella usually gives important visitors an affectionate buss on both cheeks. Not this time. All Chou got was a simple handshake and a carefully prepared speech that extolled, of all things, the Russian propaganda line of peaceful coexistence. Just before the motorcade drove into town, a little truck raced madly ahead, pausing momentarily along the route while men frantically plastered posters of Chou on walls and billboards. Adding to the general atmosphere of carelessness were a few streamers covered...
During the flight to Cairo aboard a chartered KLM DC-7, Chou stripped down to long underwear for a seven-hour sleep, wolfed hearty portions of Russian caviar before landing. Though Egyptian authorities provided an enthusiastic crowd to greet the Chinese Premier, the official welcome was somewhat restrained. President Nasser-in Tunisia to attend ceremonies marking France's withdrawal from the Bizerte naval base when Chou arrived-got back to Cairo in time to give a lavish banquet at Abdin Palace. He presented Red China's premier with Egypt's highest decoration-the Collar of the Nile...
...fundamental causes of Van der Beugel's departure had as much to do with KLM's health as with his own. Caught in the familiar jet-age squeeze between expensive planes and too few passengers. KLM lost $21 million in 1961 and another $14 million in 1962's first nine months. Such financial turbulence made everyone fasten seat belts in KLM's executive suites. One group of entrenched, old-line KLM executives argued that despite the economic headwinds, the line should continue to expand and even resume its service to Indonesia. A more moderate faction, with...
...more and more knotty problems piled up on his desk. Van der Beugel in desperation called for advice from McKinsey & Co.. a Manhattan-based management consulting firm. The McKinsey report touched off a new storm. It blistered KLM's management for lack of planning and decried the top-heavy executive structure which included four executive vice-presidents and 22 vice-presidents. The report recommended a drastic streamlining of the upper executive echelons and the firing of 2,000 of KLM's 16,000-man work force...
...harried Van der Beugel. who had already cut his payroll by 2,000 men. was not up to any more slashing and one cold morning early last week he submitted his resignation to KLM's prestigious board of directors. As a stopgap measure, flinty KLM Board Chairman Franciscus den Hollander, former boss of the Dutch railroads, took over. In the first 24 hours of Den Hollander's regime, three longtime executive vice-presidents resigned. The KLM board is expected to go outside the company to find a new president, but with the example of able Ernst...