Grounded: Frank Lorenzo and the Destruction of Eastern Airlines
| Author | : | |
| Rating | : | 4.60 (705 Votes) |
| Asin | : | 067169538X |
| Format Type | : | paperback |
| Number of Pages | : | 256 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
In this age of techno-service, businesses cannot survive with embittered employees.. But Borman, blinded by his own arrogance, misjudged, and his beloved airline ended up with Lorenzo. "Businees Week"'s Aaron Bernstein gives an account of this saga, which has implications for the future of American business. In 1986, the president of Eastern Airlines and former astronaut, Frank Borman, set his airline on a collision course with Frank Lorenzo. The wider failure of Eastern under Lorenzo marks the demise of the traditional tough-guy approach to management. Desperate to revive his failing talks with Eastern's unions, Borman began negotiating a sale with the man they feared most. Frank Lorenzo had built Texas Air and Continental into an empire through anti-union tactics and had earned him labour's hatred and the support of the big money-men like Drexel's Mike Milken
"Very interesting book for Eastern fans" according to Douglas Easterly. Very interesting reading about the demise of this once great carrier. Business school case study in brinkmanship between mgmt and unions, that didnt end up well at all. Tied in Lorenzos success at Chp 11 at Continental in Sept 198Very interesting book for Eastern fans Very interesting reading about the demise of this once great carrier. Business school case study in brinkmanship between mgmt and unions, that didnt end up well at all. Tied in Lorenzos success at Chp 11 at Continental in Sept 1983 to break union contracts and the issues he had with Eastern as that 1983 surprise move was well defended this time around.. to break union contracts and the issues he had with Eastern as that 198Very interesting book for Eastern fans Very interesting reading about the demise of this once great carrier. Business school case study in brinkmanship between mgmt and unions, that didnt end up well at all. Tied in Lorenzos success at Chp 11 at Continental in Sept 1983 to break union contracts and the issues he had with Eastern as that 1983 surprise move was well defended this time around.. surprise move was well defended this time around.. "Great story of avarice and ego" according to rle7Great story of avarice and ego Great story of avarice and ego. Obstinancy and desperation. All leading to the demise of a truly great airline. Sadly, we can see the reflections of this book in the industry today. It is as if we learned nothing.. 7ng. Great story of avarice and ego. Obstinancy and desperation. All leading to the demise of a truly great airline. Sadly, we can see the reflections of this book in the industry today. It is as if we learned nothing.. MICHAEL MANNING said Michael Manning Review of Grounded by Aaron Bernstein. While I lived in Dallas, I read Bernstein's book around the same time time that filmmaker Oliver Stone was in town filming the movie "J.F.K.". I submitted Bernstein's book along with a detailed proposal that included optioning the book rights for a movie with actors Daniel J. Travanti as Lorenzo, Brian Dennehy as Charles Brian and Michael Douglas as Trustee Marty Shugrue. Stone responded 5 days later to me through his assistant Kristina Hare that while this was a meaty subject, the political bent of the book ran counter to his convictions. I found this response puzzling. The book details how Lorenzo, a brilliant financia
The Texas-based aviation empire he founded was crowned by the takeover of ailing Eastern Airlines, and his treatment of employees led to bitter, prolonged strikes and lawsuits that threatened to cripple national transportation. Union efforts on the employees' behalf to secure a purchaser for the near-bankrupt airline were thwarted by Lorenzo, who, in accordance with a 1990 court order, was removed from management in favor of a trustee, an order that the author considers a watershed in the labor policy of the Republican era. Copyright 1990 Reed Business Information, Inc. Author tour. From Publishers Weekly In this tense, event-by-event account of the cr