Word: lorenzo
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...leftists turned 80s salary-earners, I don't believe that money-making is inherently bad. But neither should it be a summum bonum. Individual profit-seeking must be weighed against a larger social good. That's why we condemn Ford Motor Company for its combusting Pinto and Frank Lorenzo for his union-busting...
...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...
Second, look at Continental Airlines. Although Continental has lower operating costs than other airlines, these savings are not passed on to its passengers in a significant manner, but instead they accrue to Frank Lorenzo's unionbusting coffers and personal bank account...
...Frank Lorenzo is not an innovative capitalist crusader. He is a violently anti-union, cynical man who sees the world through green-colored glasses. He wants your $29 to break the backs of 8500 machinists, to eliminate their jobs. He'll scratch your back if you scratch his. Don't touch...