Word: lorenzo
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Dates: during 1980-1989
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Museums have learned their part in this vicarious regilding. They supply a sense of history as spectacle. This seems to work particularly well with English history. Relatively few Americans can imagine themselves as King Tut, Rudolf II of Prague or Lorenzo de' Medici, but there is no shortage of people who feel that with the right decorator, their homes might become facsimiles of English landed estates, complete with an old red setter molting on a new reproduction William Kent sofa...
Only two weeks ago, it looked as if Frontier would have a quite different fate. Texas Air Chairman Frank Lorenzo had offered to buy 60% of the outstanding stock of Frontier Holdings, the airline's parent company, for $20 a share, topping a $17-a-share bid made by four of Frontier's five unions. Frontier's employees, though, were anxious to avoid dealing with Lorenzo, whom they consider anti-union. In 1981, he bought Continental Airlines and two years later declared bankruptcy in order to get out of costly union contracts. In August, TWA's unions joined forces with...
...People-Texas Air battle brought back together two old rivals. Burr was a protege of Lorenzo's at Texas Air in the 1970s but left on bad terms. Though they still dislike each other, Burr and Lorenzo share certain traits, including an antipathy for organized labor. Wall Street analysts were dumbfounded that Frontier's unions found Burr any more palatable than Lorenzo. People, after all, is a non-union shop. Says one airline consultant: "Don Burr is as surprised as anyone else that Frontier struck a deal with People...
...full impact of the calamity was brought home at burial grounds like the dusty San Lorenzo Tezonco cemetery on the southern outskirts of Mexico City. On a typical day last week, hundreds of bereaved relatives filed through San Lorenzo to pay their last respects to loved ones buried in hastily fashioned wooden coffins. Some 170 people were interred during a single day, a total that did not include the mass burial of an unknown number of mangled, unidentified corpses...
Purchase of Frontier would enable Texas Air, which also owns Continental, to boost its share of business in the Rocky Mountain region substantially. Frontier, the 15th-largest U.S. carrier, would provide connections to Continental flights in Denver and in other cities that are served by the two airlines. Lorenzo may not be able to acquire Frontier without a fight. GenCorp, an Ohio-based company that holds a controlling interest in Frontier, had been planning to sell the carrier to its union employees for $17 a share. The workers may well decide to oppose the offer by Lorenzo, who is known...