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Topic: Frank Lorenzo


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In the News (Sun 3 Jun 12)

  
  Frank Lorenzo - Wikipedia, the free encyclopedia
Frank Lorenzo was also the name of a neighbor on the television sitcom All in the Family.
Lorenzo was born May 19, 1940 to Spanish immigrants in Queens, New York.
Lorenzo and Burr continued to disagree philosophically, however, and Burr left shortly after the passage of the Airline Deregulation Act of 1978.
en.wikipedia.org /wiki/Frank_Lorenzo   (1351 words)

  
 Frank Borman - Wikipedia, the free encyclopedia
Frank Frederick Borman, II (born March 14, 1928) was a NASA astronaut, best remembered as one of the three crewmembers of Apollo 8, the first mission to fly around the Moon.
Frank Borman was played in the HBO miniseries From the Earth to the Moon by David Andrews.
Frank Borman is famous (or infamous) for his reading of the Book of Genesis during a TV transmission on Christmas Eve on Apollo 8.
en.wikipedia.org /wiki/Frank_Borman   (569 words)

  
 Frank Lorenzo & the free market - column National Review - Find Articles
Frank Lorenzo, if you missed it, will be paid $30.5 million by the Scandinavian Airline System in exchange for his stock in Continental, which also owns what is left of Eastern Air Lines.
Lorenzo: Jan Carlzon, CEO of SAS, said that the resignation of Lorenzo from Continental was crucial to the deal.
Eastern Air Lines, which Lorenzo purchased and attempted to rehabilitate, answered him by going on strike in the spring of 1989, a strike led by the machinists (who were then led by the labor-union version of a Frank Lorenzo, Mr.
www.findarticles.com /p/articles/mi_m1282/is_n18_v42/ai_8859948   (471 words)

  
 Dictionary: Frank Lorenzo   (Site not responding. Last check: 2007-08-19)
Francisco (Frank) A. Lorenzo was one of the most notorious players in the history of commercial aviation in the United States.
The Deregulation Act of 1978 allowed Lorenzo to expand his business dealings and he systematically began to acquire companies such as Continental Airlines, New York Air, Frontier Airlines, and Eastern Airlines, in his bid to compete with the new non-unionized airlines.
Lorenzo left the debacle with a vast personal fortune and tried to found a new airline called Friendship in 1993, but the U.S. Department of Transportation did not grant him permission.
www.centennialofflight.gov /essay/Dictionary/lorenzo/DI131.htm   (231 words)

  
 Labor vs. Lorenzo
Lorenzo has never disguised his intent to break Eastern's unions, using tactics he mastered in breaking Continental's union three years earlier.
Lorenzo was given a $20 million bonus as part of the take-over deal and became Eastern's new chairman.
He says Lorenzo "bought Eastern to dismantle it" and thereby eliminate the competition that Eastern presented to his Texas Air Corp. Another of Lorenzo's goals, according to Tarpinian, was to force the IAM into wildcat strikes in order to eventually overturn the Railway Labor Act, which permits secondary boycotts in the transportation sector.
multinationalmonitor.org /hyper/issues/1989/03/summa.html   (2269 words)

  
 PBS - Chasing the Sun - Frank Lorenzo
Lorenzo headed Texas International when deregulation of the airline industry enabled him to acquire faltering airlines throughout the 1980s.
Critics charged that Lorenzo was only interested in buying up struggling airlines in order to takeover their assets.
The court eventually ruled Lorenzo was unfit to run the airline.
www.pbs.org /kcet/chasingthesun/innovators/florenzo.html   (420 words)

  
 Labor vs. Lorenzo
The battle between Frank Lorenzo, chairman of Eastern Airlines, and the International Association of Machinists and Aerospace Workers (IAM) is focusing national attention on the Fortune 500 strategy of concession through financial manipulation.
Lorenzo has also stripped Eastern of 12 percent of its airfleet and many of its other money-making holdings.
Now Lorenzo must submit a petition to the bankruptcy judge, asking for permission to back out of his commitments to the unions.
multinationalmonitor.org /hyper/issues/1989/03/editorial.html   (557 words)

  
 Untitled   (Site not responding. Last check: 2007-08-19)
Frank Lorenzo was chairman, president and chief executive officer of Texas Air Corporation.
Early in his career, Lorenzo was associated with the financial departments of Trans World Airlines and Eastern Air Lines, and in 1966 co-founded Lorenzo, Carney and Co. In 1969, Lorenzo co-founded Jet Capital Corporation which had major interest in Texas Air.
Lorenzo, with a desire to have major control of air passenger industry, sought and gained control over Eastern Airlines and Frontier Airlines.
avstop.com /History/HistoryOfAirlines/FrankLorenzo.html   (633 words)

  
 KinNextions (Public Version) - aqwg464
Lorenzo Winters is buried in Sultan Cemetery in Snohomish, WA.
Lorenzo is the brother of Mary Elizabeth Winters who married Benjamin Franklin Warren and they lived in Sultan, WA c1890.
Frank Lyndon McKeever WINTERS was born 25 Dec 1866 and died 15 Feb 1939.
home.comcast.net /~hicarolyn/tree/aqwg464.htm   (2006 words)

  
 Handbook of Texas Online:   (Site not responding. Last check: 2007-08-19)
The company was founded by Francisco A. (Frank) Lorenzo, a New York City native and Harvard University graduate, who worked in finance at TWA and Eastern Airlines before establishing an airline consulting firm with a Harvard colleague, Robert J. Carney, in 1966.
Lorenzo faced a more competitive situation in 1985, however, when corporate-raider Carl Icahn challenged his attempt to take over Trans-World Airlines, in part to acquire a computerized reservation system lacking at Texas Air.
In 1990 Frank Lorenzo divested himself of his Eastern Airlines holdings to the Scandinavian Air System and resigned from the firm.
www.tsha.utexas.edu /handbook/online/articles/view/TT/ept1.html   (696 words)

  
 Eastern Air Lines - Wikipedia, the free encyclopedia
Under Lorenzo's tenure, Eastern was crippled by severe labor unrest.
Lorenzo sold Eastern's shuttle service to real estate magnate Donald Trump in 1989, under whom it became the Trump Shuttle, while selling other parts of Eastern to his Texas Air holding company and its major subsidiary, Continental Airlines, on disadvantageous terms to Eastern.
As a result of the strike, weakened airline structure, inability to compete after deregulation and other financial problems, Eastern filed for bankruptcy protection on March 9, 1989.
en.wikipedia.org /wiki/Eastern_Airlines   (1864 words)

  
 washingtonpost.com: Last Stand Could Fell US Airways
"Lorenzo" is Frank Lorenzo, a name that inspires as much ire among Eastern veterans today as it did when they took to the picket lines to denounce him in the spring of 1989.
The unions felt special animosity toward Lorenzo because they believed he was trying to cannibalize Eastern by transferring its assets to Continental Airlines Inc., which Lorenzo also owned and where organized labor was much less of a force.
Lorenzo's final offer, according to machinist leader Charles Bryan, 71, involved pay cuts of up to 50 percent and a clause that would have given management far more discretion over who did work for the airline.
www.washingtonpost.com /ac2/wp-dyn/A16527-2005Jan17?language=printer   (1712 words)

  
 Fouroboros
But Lorenzo was lousy on people issues, famously saying, "I'm not paid to be a candy ass" The mid-1980s were a bad time to take that approach.
The Lorenzo model was old school: if the unions give you any trouble, break 'em.
Lorenzo might have succeeded in breaking the machinists alone, but when flight attendants and pilots honored the picket lines, he should have known it was time to deal.
www.alchemysite.com /blog/2004/02/why-does-dana-milbank-hate-fuzzy-math.html   (635 words)

  
 SparkNotes: Cat's Cradle: Chapters 35-43
Lowe attributed San Lorenzo's low crime rate to the one-size-fits-all punishment of "the hook," where criminals were impaled as an example to the populace.
The reader discovers that Frank himself carelessly gave a seed of ice-nine to the dictator of San Lorenzo and that Frank had been sleeping with Jack's wife for years before leaving for San Lorenzo.
Frank viewed the real world almost in the same way he viewed his model of it.
www.sparknotes.com /lit/catscradle/section4.rhtml   (1160 words)

  
 ALPA vs Texas International Airlines/Frank Lorenzo: 1981
The notorious Frank Lorenzo was in control of four airline companies: Jet Capital Corp., Texas Air Corp., Texas International Airlines (TXI) and 100% non-union New York Air.
Lorenzo, with support from financial and government allies, was moving rapidly to build an airline empire free of "union interference." Lorenzo was well on his way to taking control of Continental Airlines, having already purchased 48.5% of its stock.
In response to the mobilization, Lorenzo twice moved the location of the meeting from places with seating capacities ranging from 100 to 500 persons to a hotel auditorium with a seating capacity of more than 2000.
www.corporatecampaign.org /alpatx.htm   (694 words)

  
 Grounded: Frank Lorenzo and the Destruction of Eastern Airlines   (Site not responding. Last check: 2007-08-19)
Barbara Walters once referred to Frank Lorenzo as "the most hated man in America." Since 1990, when this work was first published and Eastern Airlines' troubles were front-page news, there have been many worthy contenders for the title.
The book provides a detailed account of the three-and-a-half-year period between Lorenzo's acquisition of Eastern in the autumn of 1986 and Judge Lifland's appointment of the trustee in April 1990.
The only shortcoming of the book is that the story line leaves off with the ejection of Frank Lorenzo as the debor in possession of the bankrupt airline and the appointment of a bankruptcy trustee in April of 1990.
www.beardbooks.com /grounded.html   (811 words)

  
 TWU Local 553 vs. Eastern Airlines/Frank Lorenzo: 1989
Lorenzo also had hundreds of millions of dollars in bonds and millions of shares of stock in his airline companies held by insurance companies that did substantial business with unions, their members and their allies.
Pohlad and certain financial institutions felt they could gamble on Lorenzo and enjoy a profitable relationship with him as long as the unions did not move the Eastern fight directly onto their own doorsteps.
Ultimately, Lorenzo was barred from operating another airline, but he and his close allies remained awash in money.
www.corporatecampaign.org /twaeast.htm   (792 words)

  
 The History of Eastern Airlines   (Site not responding. Last check: 2007-08-19)
Lorenzo, filed for restructuring of Eastern Airlines under the bankruptcy laws.
Lorenzo in his desire to have greater control over the airline industry brought in non union workers and created a new air fare war that many airlines could not compete against a non union airline.
Lorenzo was now placed into a position that he could pick and choose which airline he would take over.
www.evair.com /ealhistory.htm   (1839 words)

  
 SparkNotes: Cat's Cradle: Character List
Frank Hoenikker - Frank Hoenikker is the second child of Felix and Emily Hoenikker.
She was the child of Nestor Aamons, a Finnish architect who died prior to her birth, and a native of San Lorenzo.
Frank successfully convinced John to become President of San Lorenzo when he mentioned that Mona would marry him.
www.sparknotes.com /lit/catscradle/characters.html   (1763 words)

  
 HighBeam Encyclopedia - Harris, Frank   (Site not responding. Last check: 2007-08-19)
HARRIS, FRANK [Harris, Frank] 1856-1931, British-American author, b.
A controversial figure in both his private life and his writings, he is primarily known for his scandalously frank and highly unreliable autobiography, My Life and Loves (3 vol., 1923-27), which was banned in the United States and England for many years.
Lorenzo bows out of airline industry; will sell Continental stake to SAS; Hollis Harris steps in as president.
www.encyclopedia.com /html/H/Harris-F.asp   (364 words)

  
 PBS - Chasing the Sun - Frank Whittle
Frank Whittle was born in 1907 to a working class family in Coventry, England.
In 1948, King George VI bestowed knighthood upon Whittle, or as he was now known as, Sir Frank Whittle.
In the coming years, the jet engine would change the face of travel, allowing greater numbers of passengers to travel more quickly and to further away destinations than ever before.
www.pbs.org /kcet/chasingthesun/innovators/fwhittle.html   (910 words)

  
 TIME Magazine Archive Article -- Business Notes Airlines -- Sep. 30, 1985   (Site not responding. Last check: 2007-08-19)
Lorenzo, who was outbid for TWA in August by Corporate Raider Carl Icahn, offered $20 a share in a deal that could mean $250 million to Frontier.
Lorenzo may not be able to acquire Frontier without a fight.
The workers may well decide to oppose the offer by Lorenzo, who is known throughout the airline industry as a union buster.
www.time.com /time/archive/printout/0,23657,959976,00.html   (240 words)

  
 Nothing Is Forever   (Site not responding. Last check: 2007-08-19)
Frank Lorenzo was on his way up in the airline world.
Frank was trying to develop a low-cost airline to compete with the Major carriers.
Frank attempted to produce a low-cost airline, but in his attempt alienated the employees and then later nearly everyone in the industry.
www.capstonestudios.com /nif/2_story/se16/se16.html   (215 words)

  
 Workers World [Sam Marcy]: Next stage in the Eastern strike (April 27, 1989)
Nevertheless, the shower of publicity around Ueberroth, in which he was depicted as some kind of Robin Hood or knight in shining armor fighting the workers' battle, should have made everyone highly suspicious with regard to his negotiating effort on behalf of his special group of Wall Street investors.
By this time, Lorenzo himself is a thoroughly discredited character, and even segments of the ruling class press have been openly critical of him.
He was sent in from the outside under the impact of the restructuring of U.S. industry in general and the airlines in particular.
www.workers.org /marcy/cd/sam89/1989html/s890427.htm   (1672 words)

  
 Frank Lorenzo's Strong Ties to George W. Bush Enrage Flight Attendants
Lorenzo's hostility towards workers and unions and his lack or regard for airline safety is well documented.
Lorenzo's financial and political support for candidate George W. Bush should be enough for every airline worker and passenger to deny their vote to George W. Bush.
Lorenzo's return to the airline industry is alleged to have already been discussed by Bush's father, the former President, at a Bush campaign rally.
www.flyertalk.com /forum/showthread.php?t=288140   (337 words)

  
 The Harvard Crimson :: Opinion :: Flying the Union-Busting Skies
Public debate scarcely considered that Lorenzo's reckless management style, not unreasonable union demands, might be at the root of Eastern's financial distress.
It is sad that Lorenzo and the Bush administration were willing to exploit such self-interest against the strikers.
If commuters really wanted to act in defense of their own interests, they would have realized that the profit motive that encourages Frank Lorenzo to drive his companies into bankruptcy in order to drive out unions is the same attitude that creates shoddy service and higher fares.
www.thecrimson.com /article.aspx?ref=132238   (670 words)

  
 [No title]   (Site not responding. Last check: 2007-08-19)
Frank Lorenzo jumped in and upped the offer to over $270M, and later $290M.
Both United and Lorenzo stepped up the plate: United looking only to pick up Frontier, while Lorenzo was looking at the entire People Express operation for about $250M (the exact figure was not disclosed).
Frank Lorenzo again approached Burr and offered to purchase People Express, but now offered about $125M, less than half of what was offered just a few weeks before and less than half of what Burr bid for Frontier just a year earlier.
www.olesen.com /aha/pe/pehist.htm   (1753 words)

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