Business: The American Way

Because he was dissatisfied with his lack of authority, Marion Sadler three years ago abruptly quit as president of American Airlines. He gave the job back to Chairman C. R. Smith, who as he grew older, still dominated the airline he helped found. Smith persuaded Sadler to return and gave him responsibilities consonant with his title. Last week, however, word came that Sadler was about to quit again.

This time there is no question of his returning: the reason for the departure is a serious matter of health. Sadler, 56, survived a cancer operation 18 months ago, but he is still being...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!