Word: twa
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Dates: during 1960-1969
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Slicing It Up. Finally, the Senate passed (54-33) a resolution that sliced up the hot potato into small French fried-sized pieces. Under the Senate motion, Congress would order the machinists to return to their jobs with the struck airlines (TWA, United, Eastern, National and Northwest) for a 30-day period. During that time, President Johnson would be given authority to appoint a special mediation board to work out the dispute; the order creating the board would also extend the back-to-work period another 60 days. If the board was unsuccessful in settling the dispute, the President could...
...artful dodging of Washington's politicians was little comfort to 31,000 airline employees who are not on strike, but nevertheless are getting neither regular pay nor strike benefits. Many of them looked for temporary work on the ground; TWA Captain Ford S. Blaney-who ordinarily earns $30,000 a year flying a jet-took an $18-a-day job piloting, a gas-eating Chicago taxicab. Nor was there much comfort for some 16,000 passengers of TWA who in most cases were abroad on vacation and found themselves stranded in Europe, unable to get home...
...Wayne Morse, a partisan of organized labor, the board ultimately recommended a wage-benefit increase of 3.6%, a notch above L.B.J.'s 3.2% anti-inflationary wage-price guideline. Johnson was pleased nonetheless, urged both labor and management to accept the board's terms. The five airlines-Northwest, TWA, Eastern, United and National-agreed, but the I.A.M. turned thumbs down, went on strike July 8. "I have done everything within my power," moaned the President...
This spring, Hughes stunned everybody by cashing in his chips-all 6,584,937 shares of TWA, for $546 million, six times his original $90 million investment. Still, Tillinghast has insisted that the suit against Hughes remain alive. "It's a corporate asset," says TWA's General Counsel Melvin Milligan...
Though rid of the Hughes incubus, Tillinghast and TWA do not lack for problems, thanks to the lively state of airline competition. "Our industry," says American's President Sadler, "can't compete on price, so we have to compete with gimmicks...