Word: lorenzo
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They have suddenly become the airline industry's most surprising partners. Frank Lorenzo, chairman of Texas Air, oversees two carriers -- Eastern and Continental -- that are plagued by union strife, deep operating losses and sloppy service. Jan Carlzon, president of Scandinavian Airlines System, pilots a peaceful, profitable, smooth-running fleet. Yet last week the two men shook hands on a deal billed as the industry's first global alliance among major international carriers. For up to $50 million, SAS will buy a 10% stake in Texas Air and gain greater access to the U.S. market by leasing the rights to three...
Early yesterday Business School spokesmen said that they did not know whether Lorenzo would make the reunion, but University General Counsel Daniel Steiner '54 said last night that he was told by Business Schoolofficials that Lorenzo is "not going to be there...
Breen confirmed yesterday that Harvardadministrators, whom he did not name, told himthat Lorenzo would not attend the reunion. In thatdisussion, Breen said, the University officialsexplained that they had convinced Lorenzo not tocome to Boston. "Harvard asked him not to appear,"the union representative said...
Steiner denied this last night, saying that tothe best of his knowledge "nobody from theUniversity contacted Mr. Lorenzo...
Rally organizers said yesterday that Lorenzo'spresence was not necessary for the protest to be asuccess. "We're making a statement," said oneorganizer who asked not to be identified, "whatdifference does it make whether he is there ornot...