Word: morgans
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Dates: during 1940-1949
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...Budget Director is a native of Oxford, N.C., and graduate of the University of North Carolina. He once served as secretary to North Carolina Congressman Edward W. Pou, worked eight years for Tarheel Tom Morgan's Sperry Gyroscope Co. During the war, he spent his tour of duty as a Marine aviation ground officer at a North Carolina air base, Cherry Point, was back as a partner in Max Gardner's law firm and his executive assistant in the Treasury when the President beckoned...
...Board Chairman Cornelius Vanderbilt ("Sonny") Whitney, staged the first revolt. They had forced Trippe to give up some of his power, and to agree to appoint an executive vice president to take charge of Pan Am's flying operations. The peacemakers at that time were Colt and Morgan...
...Morgan is a shrewd, even-tempered aviation expert whose simple success formula is: "The way to get things done is to get along with people." This time he was the man who had not been able to get along with Trippe. He had felt that Trippe was hurting Pan Am by: 1) going back on his promise to hire a top operating man; 2) plumping for his monopolistic Chosen Instrument...
...bring Trippe to heel, Tom Morgan teamed up with Banker Colt, (Another board member, Manhattan banker & Hearstman John Wesley Hanes, was in, then out of the cabal.) They argued that Pan Am's fortunes were at a low point politically. Trippe's Chosen Instrument talk had so stirred up the Administration that even President Truman had stepped in to make sure that Pan Am would have plenty of competition (TIME, June...
Unable to persuade Trippe, Morgan and Colt got out. That made everything simple. Juan Trippe once again took over the whole caboodle of Pan Am's top jobs (acting board chairman, president, and chairman of the executive committee). His monopoly over his airline was once again complete...