A look at one of the greatest corporate turnarounds in airline history describes how American Airlines president Bob Crandall helped pull the airline back from the brink of bankruptcy and took it to the top.
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An extravagantly adulatory appreciation of Bob Crandall, whose world-class executive talents have enabled American Airlines to survive, if not thrive. Drawing on apparently open access to his subject's company and its top brass, Reed (who covers commercial air transport for the Fort Worth Star-Telegram) focuses on Crandall's career at American. After joining the carrier in 1973 (at age 38) as chief financial officer, Crandall took almost immediate wing, moving up through a succession of increasingly responsible posts to the presidency in 1980 and the chairmanship five years later. Along the way, Crandall contributed significantly to the development of a breakthrough computer-based reservation system that brought travel agents into the loop, helped American weather the storms of deregulation, and beefed-up so-called ``hub-and-spoke'' flight operations. A tough, innovative competitor, Crandall also settled price-fixing charges (stemming from an ill-advised phone conversation with his opposite number at Braniff) and incurred the enmity of organized labor by pioneering two-tier wage scales for pilots, mechanics, et al. But though he's a master of the game when it comes to aggressive expansion and controlling overhead expenses, Crandall has never had much luck in keeping fares at consistently profitable levels. Indeed, his vaunted Value Plan came an instant cropper last year. Reed nonetheless gives him an ``A'' for effort on this and a flock of other projects, all but ignoring the bleak realities facing airline operators in the unfriendly skies of global as well as domestic markets. Although Crandall is arguably the air-transport industry's dominant personality, the author fails to offer enough big-picture perspectives (e.g., indications that his subject may be fighting a losing battle) to raise the airline executive's curriculum vitae above the level of corporate hagiography. A wasted booking. (Eight pages of b&w photographs--not seen) -- Copyright ©1993, Kirkus Associates, LP. All rights reserved.From Library Journal:
In 1980 Crandall became CEO of American Airlines and inherited a world of problems. The DC-10 fleet was grounded, fuel costs and labor costs were out of control, and a strike threatened to make the general recession last indefinitely. Using Dallas/Fort Worth as a hub airport, Crandall guided American through deregulation, developed discounted air fares, and instituted a two-tier wage system in one of the most successful corporate turnarounds in history. Resourceful and competitive, he was also controversial and has been blamed for the demise of other airlines, most notably Braniff. A complete history of the years during which Crandall made American a highly successful and well-managed corporation, this book also presents an interesting history of SABRE, the computerized reservation system. Recommended for general collections.
- William A. McIntyre, N.H. Technical Coll. Lib., Nashua
Copyright 1993 Reed Business Information, Inc.
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Descrizione libro St Martins Pr, 1993. Hardcover. Condizione libro: New. Codice libro della libreria DADAX0312086962
Descrizione libro St Martins Pr, 1993. Hardcover. Condizione libro: New. Never used!. Codice libro della libreria P110312086962
Descrizione libro St Martins Pr, 1993. Hardcover. Condizione libro: New. book. Codice libro della libreria M0312086962