Distinguished speaker: Employee ownership, a union appointed director, and profits: the TWA story.

March 16, 1998

Synopsis By: Lurie
Proceeding Author:
William F. Compton
 

TWA President Compton presents a short history of his career and of the company, including its 1988 buy-back of the company from Carl Icahn, in which employees acquired a 45% stake (subsequently reduced, in bankruptcy, to 30%) and representation on the Board of Directors. President Compton attributes the turn-around of TWA, in part, to that union participation


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