Word: laker
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...private geneaologist discovers that Dean of the College John B. Fox Jr. '59, Economics Professor John Kenneth Galbraith, and Los Angeles Laker star Kareem Abdul-Jabbar are, in fact, distant relatives. "No one ever believed me when I said I have a great fade away jumper, and now they will," says an elated Galbraith. "We are all Keynestans now," intones the 6-foot, 9-inch Fox, tossing the College's 1983 budget into the wastebasket...
DIVORCED. Freddie Laker, 59, British pioneer of low-cost, no-frills transatlantic flights, whose Laker Airways was grounded by bankruptcy earlier this year; by American-born Patricia Gates Laker, 43; after seven years of marriage, one son, Fred Jr.; on grounds of adultery; in London...
...fortunes of airlines, the carriers are reporting staggering losses for 1981 and predicting worse misery for 1982. Airline executives and industry experts would not be surprised to see one or more major carriers declare bankruptcy this year. They could, says Analyst Julius Maldutis of Salomon Bros., "repeat the Laker experience...
...Seattle work force by 5,000 people. Reduced demand for airplanes also forced McDonnell Douglas last week to cancel a deal with Fokker BV of The Netherlands to build a 150-passenger jet. The St. Louis company expects to absorb a $50 million loss on DC-10 orders that Laker Airways had placed but cannot...
Meanwhile in London, Sir Freddie was down last week but certainly not yet out. A loyal British public had rallied behind him and donated some ?3 million ($5.5 million) to a Freddie Friendly Fund to help him launch another carrier. Laker and Roland ("Tiny") Rowland, managing director of Lonrho Ltd. and one of Britain's most talked-about businessmen, were considering joining forces in a new flying venture that could be airborne by April. -By John S. DeMott. Reported by Christopher Ogden/Chicago and Bruce van Voorst/New York