Word: lorenzo
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Dates: during 1980-1989
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...Lorenzo has been selling off Eastern's most important assets ever since he acquired the airline in 1986. Lorenzo has been using the revenue from the sale of Eastern assets to fund the expansion of Continental Airlines, which he also owns, and whose unions he broke in 1983. As you may have noticed, Lorenzo has been expanding Continental's flight schedule, most recently adding five new flights to Atlanta...
...LORENZO clearly wants to destroy Eastern Airlines. As Roy H. Anderson, General Chair of District 100 of the International Association of Machinists, said, "This is the first time in history that labor unions have gone on strike against the employer to save their own company...
...does Lorenzo want to destroy Eastern, the seventh largest carrier in the United States, or at least reduce it to a shell of its current self? Lorenzo answered this question himself when he bought Eastern in 1986, "We're going to paint the tails of the airplanes and move them over to Continental...
...Lorenzo broke the Continental Airlines unions during a 1983 strike. Continental machinists now make a maxiumum of $16 per hour, $2.50 per hour less than machinists in the rest of the industry. Some carriers pay their top machinists more than $19 per hour. Lorenzo wants to run a non-union airline and reap windfall profits for himself and Texas Air. The man is a greedy slime...
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...