Grounded: Frank Lorenzo and the Destruction of Eastern Airlines - Softcover

Softcover

ISBN 10: 0671740369 ISBN 13: 9780671740368

Synopsis

In 1986, the president of Eastern Airlines and former astronaut, Frank Borman, set his airline on a collision course with Frank Lorenzo. 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. 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. The wider failure of Eastern under Lorenzo marks the demise of the traditional tough-guy approach to management. In this age of techno-service, businesses cannot survive with embittered employees.

About this title

From the Publisher

How To Fly an Airline Into the Ground
The inside account of how Frank Lorenzo took over a sputtering Eastern Airlines and flew it into the ground. With access to the major players--the guarded Lorenzo and his inner circle, former Eastern Airlines president Frank Borman, Peter Ueberroth, and union boss Charlie Bryan--author Aaron Bernstein explains how Lorenzo brought a corporate raider's mentality to running a business, and how Eastern's failure marked a watershed in the 1980's Age of Greed.

The author has won numerous awards during his twenty-year career as a professional journalist, and currently is an associate editor for Business Week.

Edition details

• Language: English
• ISBN 10: 0671740369
• ISBN 13: 9780671740368
• Binding: Paperback