Almost a year to the day after taking over, La Motte T. Cohu last week abruptly bailed out of his seat as president of Transcontinental & Western Air, Inc. All the explanation T.W.A.'s stockholders got before he took to the silk was a statement that he had "completed the job" of putting the company back on a straight course.
Airline folk thought there was more to it than that. For one thing, T.W.A. was not yet flying smoothly. Due chiefly to Cohu's payroll slashing, its $8,000,000 loss in 1947 was only a little more than half the loss of 1946....
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