Word: pan
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Dates: during 1970-1979
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Libya's Colonel Muammar Gaddafi is lavish with both words and money. Last week he took five hours-quite a stretch for Arabs who love prolix oratory-to extol pan-Arabism. Arab states, he insisted, do not need "Communism, fascism, foreign capitalism or liberalism." Instead, they are capable of forming a united force that could easily become the third great world power. One step toward this goal, Gaddafi said, would be to overthrow King Hussein of Jordan and King Hassan of Morocco, just as he and fellow officers 21 years ago toppled Libya's King Idris. Radio Cairo...
Gaddafi is a dedicated pan-Arab in the Nasser tradition, but where Nasser swayed the Arab masses with his personality, Gaddafi supplies cash. Libya's annual oil income is $2.4 billion; the money comes in almost faster than Gaddafi can spend it, but no one can accuse him of not trying. In impulsive, mysterious ways, Gaddafi hands it out to some of the political visitors who are understandably streaming into the Libyan capital nowadays...
...spirited Halaby away from the FAA in 1965, named him a senior vice president and made it clear he was grooming the new executive to move in as chairman. Trippe figured that Halaby's charm and once considerable influence in Washington would help persuade the Government to award Pan Am some domestic routes and permit it to merge with a domestic airline. Pan Am sorely lacks continental U.S. routes that would feed passengers into its international network. After Halaby took over as chief executive in 1969, he became a frequent supplicant to Nixon officials, but he met with little...
Halaby can hardly be blamed for all of Pan Am's problems. Almost as soon as he took over, the industry was caught in a recession that reduced travel. Trippe had ordered 25 Boeing 747 jumbo jets that Halaby found he could neither fill nor sell. Though he fired or retired some three dozen senior executives in his first year as chief, Halaby was saddled with many more nonproductive middle-and upper-level man agers left over from the Trippe era. The company's unionized workers grew ever bolder in their demands, and Pan Am's average...
Seawell, the new chairman and chief, is expected to fire more people. He takes charge at a time when many airlines are in a steep climb; as a group they lost $125 million last year but expect to be well in the black this year. Pan Am, still saddled with too many jumbo jets and no domestic routes, may be left behind. Its archrival, TWA, turned around from a $63 million loss in 1970 to a profit last year. Seawell, formerly president of Rolls-Royce's U.S. subsidiary and senior vice president of American Airlines, is known...