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Article: Examining a Divided United Airlines in This Sunday's Chicago Tribune; Four-Part Series Traces Decisions That Ultimately Led to Bankruptcy Court.
- Article from:
- PR Newswire
- Article date:
- July 11, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, July 11 /PRNewswire/ -- Stock that peaked at nearly $230 a share in 1996 has plummeted to pennies. Employment has plunged from 102,101 to 67,040. United Airlines executives would blame the sputtering economy and Osama bin Laden's crew of terrorists for pushing their company to the brink of oblivion.
But a six-month investigation by Chicago Tribune reporters indicates otherwise. In a four-part series, "United's Rhapsody in Blues," that begins Sunday, July 13, the Tribune shows a company with problems deeply rooted in its corporate culture -- issues that could continue to haunt the airline after it exits bankruptcy.
"Tens of thousands of people ...