3min chapter

Behind the Bastards cover image

Part Two: Frank Lorenzo: The Man Who Ruined Air Travel

Behind the Bastards

CHAPTER

Continental Airlines and the Corporate Raider of the Stock Market

In 1979 continental lost more than 13 million dollars and the bleeding Accelerated in 1980 the company gets a new CEO at this time a guy named Alvin Feldman. Because they're not as big as like American or TWA You know they've they've got a pretty small market cap Which means that you can actually purchase a controlling interest in their stock for surprisingly little money. Lorenzo to Lorenzo This is like a shark smelling blood in the water, right? Yeah, so it's total market value is like 150 million Uh, and because it again the stock market's nonsense The company is worth way more than 150 million if you just like add up all of their planes They're worth a lot more than that

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