Word: wage
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Dates: during 1980-1989
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Rally participants sought to invoke the spirit of 1969 as Michael W. Macy '70, a participant in the University Hall takeover, urged students to wage their fight on the grounds of the fundamental incompatibility of the military with the University's academic mission...
...Ueberroth's deal, his special conditions were met when the airline's pilots, machinists and flight attendants agreed to take $1.1 billion in wage and benefits cuts, spread over five years, in exchange for a 30% ownership stake in the new company. But the unions had a condition too. They demanded that Texas Air chief Frank Lorenzo step aside immediately so that a court- appointed trustee could supervise the reorganization process. Frank Carlucci, the former Secretary of Defense, had flown to New York City expecting to be appointed to the post...
Myth number two: the machinists' demands are unreasonable and the wage concessions which Lorenzo wants are in the long-term best interests of the airline. The fact is that Lorenzo does not care about Eastern's survival, nor about his employees' jobs. This is why they hate him and call him the "AIDS of the working people," among other things...
...become part owners, they will have to make sacrifices to do so. Under the agreement, Ueberroth can withdraw from the Eastern deal unless its unions agree to return to work by early this week. Ueberroth maintains that the airline's machinists and pilots must give up $210 million in wage and benefits concessions. That is far more than the $125 million in cutbacks that Lorenzo demanded from the machinists, who walked out when no compromise could be reached...
Sukachev, who remembers having to beg for money to ride the subway, makes more than 3,000 rubles ($4,800) a month from concerts, nearly 15 times the Soviet average wage and more than twice the take-home pay of Mikhail Gorbachev. (Says Sukachev: "If I had his house and his car, he could have my 3,000.") Still, success has its problems. "It's really dangerous when people start to praise you for doing the things they used to slam you for," he notes. The band now risks losing the special edge to its sound that developed from...