An Eastern Airlines scenario
Author: likes trains
Date: 10-04-2016 - 11:24

Old Eastern Airlines was led to it's grave by one tough hombre named Frank Lorenzo. He antagonized labor so badly that they turned on him, and the company went down the tubes after that. I wonder if a railroad will ever get taken over by a guy like Lorenzo and meet its demise in similar fashion?

Quote:
In 1984, Eastern seemed on the verge of achieving a new balance of power between labor and management. In an agreement with its three unions, which made large concessions on wages and benefits, Eastern gave 25 percent of its stock to its 38,000 workers. The unions received four seats on Eastern's board, two of them held by union leaders.
But after Texas Air and Mr. Lorenzo acquired Eastern in 1986, the alliance unraveled, the union leaders' board membership was ended and labor relations rapidly deteriorated.

[www.nytimes.com]



Subject Written By Date/Time (PST)
  An Eastern Airlines scenario likes trains 10-04-2016 - 11:24
  Re: An Eastern Airlines scenario E.H. Scaryman 10-04-2016 - 12:15
  Re: An Eastern Airlines scenario clipper841 10-04-2016 - 12:59
  Re: An Eastern Airlines scenario Ok who? 10-04-2016 - 13:33
  Re: An Eastern Airlines scenario Pdxrailtransit 10-04-2016 - 13:53
  Re: An Eastern Airlines scenario T1 10-04-2016 - 13:59
  Re: An Eastern Airlines scenario Pdxrailtransit 10-04-2016 - 14:42
  Re: An Eastern Airlines scenario clipper841 10-04-2016 - 14:39
  Re: An Eastern Airlines scenario Observer 10-04-2016 - 15:54
  Re: An Eastern Airlines scenario clipper841 10-04-2016 - 17:56
  Re: An Eastern Airlines scenario likes trains 10-04-2016 - 18:11
  Re: An Eastern Airlines scenario AL 10-04-2016 - 18:33
  Re: An Eastern Airlines scenario Capone 10-04-2016 - 18:41
  Re: An Eastern Airlines scenario clipper841 10-04-2016 - 18:39
  Re: An Eastern Airlines scenario Observer 10-06-2016 - 14:16
  Re: An Eastern Airlines scenario clipper841 10-06-2016 - 15:40
  Re: An Eastern Airlines scenario Observer 10-06-2016 - 16:35
  Re: An Eastern Airlines scenario clipper841 10-06-2016 - 16:53
  Re: An Eastern Airlines scenario Disco Dave 10-04-2016 - 19:14


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