Word: lorenzo
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Gomez is not the only one wondering what is going on in the sprawling, demoralized empire controlled by Eastern's corporate parent, Texas Air. Over the past two years Chairman Frank Lorenzo has fashioned a ragtag collection of disparate and sometimes dying carriers into the largest U.S. airline company (1986 revenues: $4.4 billion). Besides Eastern, Texas Air runs Continental, which has absorbed New York Air, Frontier and People Express. All told, Lorenzo and his lieutenants oversee 628 jets and 72,500 employees, ferrying 94 million passengers (roughly the combined populations of France and Spain) on more than 1 million flights...
...velvet-voiced airline captains say in their understated way, Texas Air is experiencing some turbulence. Acquisitiveness has bred turmoil: growing labor unrest, flagging employee spirit and complaints alleging poor service and aircraft maintenance. Wall Street analysts wonder if the company expanded too much and too fast. They question whether Lorenzo, a whiz at financing and acquisitions, has the attention span needed for the details of running a huge airline. In an industry where service is crucial, employees and top management at Eastern and Continental seem too busy warring with each other to satisfy customers' needs...
Zobel is best known for his series of paintings "Diaolgos," "conversations" with artists such as Rembrant or Lorenzo Lotto. His work is often associated with the informalist movement, which developed after the fall of the Spanish Republic and is especially color-sensitive...
...Frank Lorenzo took over the control stick at Eastern Air Lines last week, some embittered employees of the carrier wanted to make sure that he felt turbulence on his mission to assemble the largest U.S. airline company. At Eastern's final shareholders meeting, 200 employees turned the session into a shouting match as they accused the carrier's managers of "giving away the company" to Lorenzo's corporation, Texas Air. Eastern workers, who own 20% of the airline's stock, pleaded with management to consider their rival buyout plan, insisting that they could pay $11.25 a share to top Texas...
...powerful is the religion of Sooner football, even a barbarian like this can be championed for the Heisman Trophy. With the country's attention so clearly focused, Michigan State's Lorenzo White, Penn State's D.J. Dozier and Florida's Kerwin Bell suddenly seemed minor candidates, especially after Testaverde completed 21 of 28 passes for 261 yds. and the first four touchdowns scored this season against the defending champions. Bosworth was relatively subdued and was not detected goobering on anyone. Testaverde riddled Oklahoma almost as emphatically last year in Norman, 27-14, but any title claim was lost...