Word: tillinghast
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Dates: during 1970-1979
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Chairman and Chief Executive Charles C. Tillinghast Jr. temporarily took over Wiser's role as president, but he is scheduled for retirement in January, when he will turn 65. Tillinghast will now almost certainly stay on for a while to bridge the transition to a new management. One pressing issue facing the next chief will be whether to take back the Pacific routes and thus become a global carrier again when the route swap with Pan Am expires within the next two years. Trans World seems likely to continue losing money this year, though its monthly deficits...
...charge whatever they please rather than requiring them to seek Civil Aeronautics Board approval for every change. Airline leaders, however, are aghast at the thought of going that far. IATA Director General Knut Hammarskjold calls deregulation, which would affect international as well as domestic flights, "suicide." TWA Chairman Charles Tillinghast predicts that it would lead to a "breakdown of the system as we know it," and eventually to "pressure for subsidies and nationalization." Although few people are yet talking nationalization, the Ford Administration is contemplating legislation to force mergers that could bail out weaker carriers. Says Transportation Secretary William Coleman...
...Chairman William T. Seawell and TWA Chairman Charles C. Tillinghast Jr. estimate that the swaps will save each airline at least $25 million a year, and some Wall Street analysts think the savings could run double that. The deal is not certain to go through. The Justice Department may register antitrust objections, since approval of the agreement would reverse the Government's overall policy of insisting that at least two U.S.-flag airlines serve each major overseas route. The CAB favors the agreement in general, but it still must approve the details. On the other hand, if the swaps...
...Charles Tillinghast, chairman of Trans World Airlines, argued that the energy crisis is political−and thus not easily soluble. "The technology may be there," said Tillinghast, "but the political will is not. Environment may be the concern of only a minority of people in the U.S., but we have reached the stage where almost any determined group can block the doing of anything. I don't think we shall see solutions coming until things have got considerably worse. I think it is going to take cold houses and unemployment through lack of energy to persuade the public...
...Maisonrouge, IBM World Trade; Sir Arthur Norman, The De la Rue Co.; Dr. Aurelio Peccei, Olivetti; Count Theo Rossi Di Montelera, Martini & Rossi; Evelyn de Rothschild, N.M. Rothschild & Sons; Dermot A. Ryan, Ryan's Tourist Holdings; Nino Rovelli, Societa Italiana Resine; Curt R. Strand, Hilton International; Charles C. Tillinghast Jr., TWA; Hendrik A.C. Van Riemsdijk, Philips' Gloeilampenfabrieken; Eberhard Von Kuenheim, Bayerische Motoren Werke (B.M.W.); Gerrit A. Wagner, Royal Dutch Petroleum; Pierre Waltz, Societe Suisse pour 1'Industrie Horlogere; Dr. Joachim Zahn, Daimler-Benz...