MCI transplant
Veteran
- Jun 4, 2003
- 5,311
- 584
- Banned
- #61
<_< -----This is all ancient history now. And no one really cares any longer except maybe some of us that lived through it!----- Carl Ichon was what was at the time, thought to be the better choose to "rescue" us from the clutches of Frank Lorenzo and our former Management. Ichon, with the help of the IAM, bought TWA out from under them. As it turned out, it was like jumping out of the frying pan into the fire! Ichon raped the company. Took, or mortgaged, anything and everything of value, and when he thought there was nothing left, turned us loose! And none of the cash he raised by doing this ever went back into the company! Example: One of the first things he did was to ship all our spare aircraft parts to a small company he founded in Wichita, and sold them back to us when needed! It got to the point where we were bartering light bulbs for toilet paper here at the Overhaul base just to keep going! It got that bad! ------ But enough said! Like I said! Ancient history!!!What I don't understand it that with Ichan (sp?) at TWA , did anybody expect anything different given his nature (corporate raider) & past history? While he was there, did he actually even 'manage' the airline?