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Lorenzo's Troubled College Days
- Frank Lorenzo had an insufferable school experience full of cultural conflicts and antisemitism.
- He was caught committing voter fraud in college and banned from voting again in student elections.
CAB's Role in Airline Inefficiency
- Airline regulation via the Civil Aeronautics Board (CAB) kept routes uncompetitive and ticket prices high.
- This lack of competition made airline service simple but inefficient, contributing to long-lasting industry issues.
Lorenzo's Union Strike War
- Frank Lorenzo waged a strike battle against the ground workers union, shutting down flights for 4.5 months.
- He survived with industry support, cutting concessions to workers and earning capitalist acclaim.