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Frank Lorenzo on CNBC today

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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......
 
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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.
 
DonVerita said:
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.
 
DonVerita said:
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.
 
CatfishVT9 said:
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.
 

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