Tue, Jan 16, 2007
Aero-News: Quote of the Day
of the Day usually derives from current news, though we reserve the
right to pick quotes out of history that have a bearing on the
day's events and issues.
Sometimes, you'll find them timely and in keeping with the
content of the day's news... and sometimes, they'll just be
Reader suggestions and comments are welcome... and if
particularly intriguing, timely, or poignant, may themselves become
future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"Pierson began slowly lowering his trousers and saying
'I have nothing more to give.' He then allowed the trousers to fall
around his ankles."
Source: From the upcoming book 'Boeing Versus
Airbus," author John Newhouse describes the rather -- ah,
unconventional -- tactic employed by Airbus ex-CEO Jean Pierson to
secure a 400-plane order from US Airways in 1997. According to the
New York writer, Pierson was hit with an eleventh-hour bargaining
tactic by then-US Airways chairman Stephen Wolf demanding a
five-percent discount on the price... to which the Frenchman
responded by dropping trou. It apparently worked; Wolf caved on the
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