Frank Lorenzo (remember him?) Wonder where he ended up?
Probably better off than the Eastern Airlines pilots, who he made jobless when he bankrupted the airline in a fit of pique, with whom I flew with in Europe as they desperately sought work to pay their bills. They were very bitter, as well they should be. Sitting with them, surrounded by the Aussies, who had also been cast adrift from Ansett, it was like a Monty Python sketch; each trying to out-do the other with their stories of woe and management vicious screw-ups.
Yet other examples of airlines going under due to no fault of the employees, but managers'. Some day someone should write a history of airlines that have been driven to the wall by management. No more of the 'rough story of XYZ' or the 'rise from the ashes of ABC'. It should simply be 'the utter unnecessary demise of airlines XYZ and the destruction of 000's of livelihoods by incompetence & greed'.