January 22, 1988 |
Financially troubled Pan Am Corp. ousted its two feuding top managers Thursday and replaced them with Thomas G. Plaskett, a respected airline industry executive. Officials of most of the company's unions lauded the firing of C. Edward Acker, chairman and chief executive, and Martin R. Shugrue Jr., the vice chairman and chief operating officer.
January 7, 1986
Neil Effman has been named senior vice president-strategic planning at Pan American World Airways, reporting directly to Chairman C. Edward Acker. Effman had been president and chief operating officer of Air Atlanta.
February 24, 1987
AMR, which owns American Airlines, had been reported to be involved in talks aimed at a possible acquisition of troubled Pan American World Airways. AMR has a marketing agreement with Pan American that gives it the right of first refusal in any takeover of Pan Am. An American spokesman said the company was making the announcement at this time because Chairman Robert Crandall was about to conduct annual employee conferences and wanted to "clear the air." Meanwhile, Pan Am Chairman C.
August 10, 1987
C. Edward Acker, chairman of financially troubled Pan American World Airways, and millionaire financier Kirk Kerkorian met last week to discuss the possibility of a Kerkorian investment in the carrier. Also at the Thursday meeting in Los Angeles were Terry Christensen, president of Tracinda Corp., Kerkorian's private holding company, and Fred Benninger, a longtime Kerkorian associate.
February 2, 1988 |
Martin R. Shugrue, former vice chairman and chief operating officer of ailing Pan Am Corp., was named today as president of Continental Airlines. Shugrue, 47, had been with Pan Am for 19 years before being ousted late last month in a sweeping management reshuffle that also forced out Pan Am Chairman C. Edward Acker.