Frank Lorenzo on CNBC today

[CatfishVT9]

He's going to be on in a few minutes. I can hardly wait to hear his expertise......

 

[mdanno808]

What did the scum-bag have to say?

 

[amaineiac]

My guess: "It's all labors fault"

 

[CatfishVT9]

Nothing earthshattering and no hardball questions for him. He looks like crap though.


Mark Haines intro'd him as "the man who brought a whole new meaning to labor relations" (that's sort of close to a quote).

He did say that Delta's labor costs are 44% of revenue, while Airtran's are about 24% of revenue and that will have to change.

I found it more enlightening when the local Tampa news this AM reported that Dominoes Pizza will be raising their prices due to high fuel costs. Maybe their CEO could run an airline. We'll have to wait and see how Pizza Hut responds......

 

[Rez O. Lewshun]

Nothing earthshattering and no hardball questions for him. He looks like crap though.


.....

Any links?

 

[DonVerita]

Compare U.S. companies to Japanese companies...

In the U.S., when a company goes into bankruptcy or fails entirely, management stands there and blames the employees. Then they jump off the stricken aircraft and pull the chord on their golden parachute. On the flipside, if the company does good, management congratulates themselves with yet -another- bonus and the employees had nothing to do with it.

Contrast that with Japan. Failures there mean the company executives stand in public, heads lowered and publicly admit that the buck stops with them and they take full blame. They apologize to their employees for their (management's) incompetence. When something goes well, they praise and reward their employees.

We operate in an arena where politicians are bought and paid for by Big Business. This incestuous relationship just tightens the graveyard spiral our society finds itself in.

 

[FNG24]

Don, it's the American way....lol

 

[CatfishVT9]

Compare U.S. companies to Japanese companies...

Oh, please. Japan is the world's finest socialist economy. I saw how they operate when I lived there for 2 years. No unemployment, everyone draws a paycheck whether their lob is necessary or not.

 

[labbats]

We operate in an arena where politicians are bought and paid for by Big Business. This incestuous relationship just tightens the graveyard spiral our society finds itself in.

Two points awarded for aviation analogy.

 

[densoo]

Oh, please. Japan is the world's finest socialist economy. I saw how they operate when I lived there for 2 years. No unemployment, everyone draws a paycheck whether their lob is necessary or not.

They have no defense budget to speak of. Frees up a lot of money.

 

[Chronic Jetlag]

I can't believe that piece of human garbage Lorenzo is still alive. I hope he chokes on his own vomit, looses bladder control and craps in his own pants. If he was on fire I wouldn't piss or spit on him to save his life.

 

[rvsm410]

I can't believe that piece of human garbage Lorenzo is still alive. I hope he chokes on his own vomit, looses bladder control and craps in his own pants. If he was on fire I wouldn't piss or spit on him to save his life.

Geez....lol...tell us what you really think, don't hold back now....!

 

[Smacktard]

They have no defense budget to speak of. Frees up a lot of money.

Ohh please. If we cut the defense budget that's gonna help how?

 

[Publishers]

I don't think many of you would find the Japanese way all that great of deal. Their view of business is definitely different and in some ways scary. One big difference is that reverse engineering and marketing that goes on.

There way of looking at things would have invented deregulation and Southwest creation.

 

[chris69]

Mjsdf

JSDF defense budget is over $50 billion annually. Being an insular nation, their army is small, but they do have the largest blue water surface navy in the Pacific. See the order of battle.

http://www.globalsecurity.org/military/world/japan/jmsdf-orbat.htm
They have also started building small CV's in the light amphibious role, have better aegis destroyers, more on the lines of our CG's, and the biggest and best diesel sub force in the world.

Chris69

 

[DonVerita]

Oh, please. Japan is the world's finest socialist economy. I saw how they operate when I lived there for 2 years. No unemployment, everyone draws a paycheck whether their lob is necessary or not.

I really don't care if you were there or not. It was only an analogy between US and Japanese corporate behavior...nothing else.

 

[$$$4nothin]

U.S. - 2
Japan - 0

Now where do you want to live.

If you dont know what I am refering to see the following link
http://www.cddc.vt.edu/host/atomic/testpix/index.html

We win.
Always have and always will.
Do I think we are better than every other country in the world. Of course. If you like how they do it in Japan move there and stop whineing

 

[coolyokeluke]

A typical "machismo" quote. Let me paraphrase: We dropped the bomb on them, we're the best and have nothing to learn from anybody and if you deny this indisputable fact you should go live somewhere else.

So you prefer when corporate executives pass the buck and blame labor?

By the way what empire has always dominated the world? Was it the Egyptians? Perpaps the Romans? No it must've been the third Reich. We won't always be the top dog, that's just the way it is.

"Whineing" : you should've dropped the e.

U.S. - 2
Japan - 0

Now where do you want to live.

If you dont know what I am refering to see the following link
http://www.cddc.vt.edu/host/atomic/testpix/index.html

We win.
Always have and always will.
Do I think we are better than every other country in the world. Of course. If you like how they do it in Japan move there and stop whineing

 

[320AV8R]

He looks like crap though.

He looked like Howard Hughes.....right before he died.

320AV8R

 

[coolyokeluke]

He looked like Howard Hughes.....right before he died.

320AV8R

Well if karma holds true then maybe he'll die alone and crazy.

 

[fam62c]

Frank Lorenzo was a jerk but..........

How is what Frank Lorenzo did all that much different from what is going on in the industry today? Using the Bankruptcy process to ravage union contracts and screw every creditor you owe money to...still being done. Forcing strikes and using scabs to run the company (NWA mechanics)...... still being done. Transfering work to lower cost providers (subcontractors for lots of things and movement of flying from majors to regionals and from more expensive regioanals to cheaper ones).....still being done. Using multiple divisions within a holding company to shift work, assets and nullify union influence (TSA/*************************s, Mesa/Freedom).....still being done today. Executives running off with fortunes while rank and file airline employees take massive cuts or lose their jobs alltogether...still being done today. Agreeing to deals with employees to "save the company" then coming back to take even more for the same reason....still being done today. Taking money from employees and then using the savings to sell cheaper tickets to gain market share at the expense of actual debt reduction and or cash conservation.....still being done. Thinking that to be the best you need to be the biggest and allowing companies to become so big they are unmanagable.....still being done prior to 9/11 anyway. Merging smaller money-losing companies together to make larger money-losing companies (America West/Usairways)....still being done.

The bottom line is that when airlines are losing money rapidly and in danger of failure the management teams have the upper hand and will do whatever they can get away with in order to force cost cuts. Lorenzo wasn't really any less honorable than the people who run UAL, NWA, DAL or UsAirways today; he just had less tact and wasn't as good at PR.

 

[crj200driver]

Nothing earthshattering and no hardball questions for him. He looks like crap though.


Mark Haines intro'd him as "the man who brought a whole new meaning to labor relations" (that's sort of close to a quote).

He did say that Delta's labor costs are 44% of revenue, while Airtran's are about 24% of revenue and that will have to change.

I found it more enlightening when the local Tampa news this AM reported that Dominoes Pizza will be raising their prices due to high fuel costs. Maybe their CEO could run an airline. We'll have to wait and see how Pizza Hut responds......

Probably from living in cave!

 

[ferlo]

Frank Lorenzo was aviations biggest FAILURE. Why on earth does any news organization give a sh*t what that vermin has to say. That's like interviewing General Custer on indian warfare tactics. WTF?

 

[G-force]

To ferlo

This jerk cost me a job in the 80's,I will not be sorry when this AH croaks!!!!!!

G-force