Grounded: Frank Lorenzo and the Destruction of Eastern Airlines

by Aaron Bernstein and Peter Bernstein

Book Overview

In 1986, the president of Eastern Airlines and former astronaut, Frank Borman, set his airline on a collision course with Frank Lorenzo. Business Week's Aaron Bernstein gives an account of this story, which has wider implications for the future of American business.

• Format: Hardcover
• Language: English
• ISBN: 067169538X
• ISBN13: 9780671695385
• Release Date: January 1990
• Publisher: Simon & Schuster
• Length: 256 Pages
• Weight: 1.05 lbs.
• Dimensions: 1.0" x 6.4" x 9.6"

Customer Reviews

Excellent

Excellent book, well researched and very well written. Accurately portrays the events that lead to Eastern's demise. I am no fan of unions. But, Lorenzo displayed a blatant calloused disregard for Eastern, it's people, and everything connected with it.

Bewildering and Suspenseful

I read the original publication in the early 90's. This book reads well and keeps you on the edge of your seat. The story is bewildering and illustrates a classic "old world" perspective of labor/management relations clashing with the modern realities of a deregulated airline market that would no longer tolerate labor friction.

Brian Wayne Wells, Esquire, reviews "Grounded"

This is a short book but a good telling of the tale of the downfall of Eastern Airlines under the managment of Frank Lorenzo. It is also a story that relates a great deal about the corporate attitudes of the late 1980s and the potential consequences of that attitude. The only shortcoming of the book is that the story line leaves off with the ejecetion of Frank Lorenzo as the debor in possession of the bankrupt airline and the appointment of a bankrupcy trustee in April of 1990. The airline did continue operation until sometime later in 1990 when the company was finally liquidated. The story stopped too soon.