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LettersPublished on November 19, 1997Checchi the Savior The Checchi group admittedly made mistakes. However, as your article states, factors such as the Persian Gulf War, the recession, etc. contributed to the severity. Northwest under the Checchi group improved employee morale that suffered after the Republic merger, gave employees an ESOP for their wage concessions, provided buddy passes, avoided permanent layoffs, set up one of the best Frequent Flyer programs in the industry, negotiated open skies with the KLM partnership, and restored wages at the end of the concession period. The stock employees received for their wage concessions was issued at a price around $12 per share; this stock is worth up to four times that level now. Rather than presenting Checchi as a raider, I would offer his accomplishments as someone who utilized the tax code and merger mania of the late '80s to acquire a company [whose] management had not adapted to modern times, a man who procured the talent to keep Northwest intact, avoided layoffs, improved customer service, and marshalled the financial resources necessary to keep the airline afloat. Northwest is now very predictable, debt has been paid down, and the efforts of American Airlines' predatory pricing to drive its competitors out of business failed with respect to NWA. Ricky D. Forsythe Riff Raff Finally Gets the Support It Needs and Deserves Henry Thomas Noisy Complaint Colton Weeks Editor's note: Jenerik is identified and quoted in the article, on Page 29. A Knipl for Your Thoughts Also, there can never be too many Princess Di jokes, so I hope you will unearth some more ("Princess Di Update," Slap Shots, Sept. 24). I will always read your paper cover to cover if I believe one might be hidden in it. George Franklin
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