Management: The Frustrated President

When Marion Sadler moved up to the presidency of American Airlines last January, he gained a seat in the cockpit and was handed a flight plan that called for higher altitudes for American. But he was not granted a firm grip on the stick. C. R. Smith, American's strong-minded president ever since the airline was founded in 1934, remained the boss from his new post of chairman. William J. Hogan, who had been Sadler's rival for the job, continued to hold on tightly to the purse strings as executive vice president and chairman of the finance committee. For Sadler,...

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