Word: trumping
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...open this book if you're looking for some great football action. Instead, Byrne captures all the nervous suspense which takes place in the boardrooms. Byrne paints the eerie picture of how multimillionaires Donald Trump, owner of the New Jersey Generals, and William J. Oldenburg, owner of the Los Angeles Express, committed the young league to field teams in direct competition with the National Football League...
...Trump, however, may have other motives in mind. When his vast, 1,250-room Taj Mahal hotel and casino is finished in December 1989, he will control one- quarter of the casino hotel rooms in Atlantic City. Last year almost 4 million people visited the city, but only half a million arrived by air. If Trump diverts some weekend shuttle flights to Atlantic City, he could offer package deals to lure gamblers from up and down the Eastern seaboard. "That's just what Atlantic City needs to goose up its growth rate," says Neidl. "It could be a real shot...
...Trump is also in a good position to boost northeast-corridor profits even further. Shuttle prices have been going up, from $69 in 1985 to $99 today, while fuel costs are going down. As the cash purchase demonstrated, Trump has the capital to expand and improve service in ways that Lorenzo could not. He is also likely to be spared the crippling labor disputes that have dogged Lorenzo and prior owners for the past ten years. Lorenzo has been wrestling with his unions in an effort to cut costs, and the infusion of cash is likely to strengthen his hand...
...transaction is still not a fait accompli: Eastern's unions immediately threatened to block the deal in court. Though Trump promised that shuttle employees would be "well taken care of," the rest of the workers fear that the sale of the profitable shuttle is just the first stage in the dismantling of the Eastern empire. If it goes through, it is certainly the latest conquest for the Trump empire. By announcing his acquisition in the Grand Ballroom of New York's landmark Plaza Hotel (another recent purchase), Trump reminded his audience that when it comes to collecting varied treasures...
...TRAVEL: Trump acquires the ultimate power...