Friday, September 23,1983/The Battalion/Page 13
Dallas game on TV
United Press International
DALLAS — The Dallas Cow
boys’ Sunday game with New
Orleans was declared a sellout
and will be televised locally, a
team spokesman said Thursday.
• Spokesman Greg Aiello said
(ewer than 300 scattered single
tickets were unsold at the noon
deadline, so the Cowboys de
cided to declare the season’s
fourth game a sellout.
The game between the unde
feated Cowboys and the impro
ving Saints will begin at noon
CDT Sunday.
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Future of Continental up in the air
Airline president resigns suddenly
United Press Internutional
HOUSTON — The sudden
resignation of Continental Air
lines president Stephen Wolf,
respected former executive of
American Airlines and Pan
American World Airways,
raised new questions Thursday
about Continental’s future.
The resignation was ex
pected to come up at Continen
tal’s regular board meeting
Thursday. Chairman Frank
Lorenzo took over Wolf s duties.
Wolf had nothing to say publicly
and Continental said little ex
cept he left for “personal
reasons.”
One analyst, who asked not to
be quoted by name, said Wolfs
leaving cannot be interpreted as
good news for financially trou
bled Continental, w hich recently
lost a bid for $ 150 million in em
ployee cost-cutting concessions.
“We’re trying to figure this
out, but since they didn’t make
any comment or it looks like they
will not, he apparently didn’t
leave under the best of circumst
ances,” the analyst said.
The company’s stock — a new
issue put on the market after
Continental was taken over by
Texas Air Corp. 18 months ago
— was selling for 4'A at midday
Thursday.
Continental has lost $400 mil
lion since 1979, using an
accounting method that tallies
balance sheets before and after
the TAG takeover. The com
pany recently reported an $84
million loss for the first half of
1983.
Robert Joedicke of Lehman
Bros. Kuhn Loeb, one of Con
tinental’s bankers, said there
likely was some kind of conflict
bet ween Wolf and Lorenzo, who
also is TAG chairman.
Wolf is the third president of
an airline under Lorenzo’s con
trol to quit suddenly. Texas In
ternational Airlines president
Harry Chandis quit in 1981 and
New York Air president Neal
Meehan quit in 1982.
“As chief operating officer of
Continental, Steve Wolf was
quite a dynamic individual,”
Joedicke said. “Sometimes two
dynamic individuals such as he
and Lorenzo find it difficult
working with one another.”
The resignation of Wolf, who
came to Continental after 15
years at American and a year at
Pan Am, was announced unex
pectedly late Wednesday in a
terse corporate release.
Earlier in the week, Continen
tal announced it had withdrawn
an offer of stock and profit-
sharing to its employees after
the employees could not agree
immediately on $150 million
worth of labor cost and produc
tivity changes.
The airline also currently is
wrestling with a strike by the In
ternational Association of
Machinists.
“His departure is totally unre
lated to the labor issue,” said
Continental spokesman Bruce
Hicks. “It is not something that
is done lightly. I would think
there were discussions earlier
between him and the chairman.”
The analyst who refused to be
quoted by name said Lorenzo
has a reputation among his em
ployees as a tough executive.
“If you talk to his employees,
he doesn’t have a good reputa
tion as a people person. Right
now he’s got tunnel vision. He’s
trying to reduce labor costs by
$150 million. He’s not paying
attention to other factors,” the
analyst said.
Although unavailable for
comment Thursday, Lorenz#!
has answered that complaint be
fore by saying his major concern
is keeping the company profit,
able so he can keep as many peo
ple employed as possible.
The analyst said labor costs
unquestionably are a majot
problem for airlines since feder
al deregulation in 1979 removed
the automatic cost-covering fare
increases historically granted by
the Civil Aeronautics Board.
Fuel costs, also high, cannot
be controlled so the pressure
comes to cut labor costs, he said.
One favorable factor in Con
tinental’s future is the general
upturn in the economy and air
line business. The analyst said,
“I don’t see them going bank
rupt at this point for financial
Coming
Dokes to defend title
against Coetzee tonight
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United Press International
RICHFIELD, Ohio — Friday
night South African Gerrie
Coetzee will be making his third
bid for a heavyweight title.
But Dokes, a 25-year-old na
tive of nearby Akron, will be
making his first title defense
since May when he kept his
championship in a 15-round
draw with ex-champion Mike
Weaver in Las Vegas.
The 6-foot-3 Dokes has been
training at a farm near Orwell,
Ohio, and weighed in Thursday
at 217 pounds. The 6-foot-4
Co6. 1 contender despite being
held to a draw in his last fight, a
10-round bout with unbeaten
Pinklon Thomas last January in
Atlantic City, N.J.
Coetzee takes a 28-3-1 record
into the fight, including 17
knockouts.
Coetzee’s first title effort
came in 1979 in his native South
Africa when he was outpointed
in a 15-rounder by John Tate
for the WBA championship left
vacfrica.
“By all means that was my
toughest fight ever,” says Coet
zee. “I really wasn’t knocked out.
It was a matter of fatigue. But he
hits hard, harder than Dokes.”
Coetzee says he expects Dokes
to “come right at me” and pre
dicts he will win by a knockout
within 10 rounds.
Coetzee’s wife, Rena, who is
expecting their third child,
attended the weigh-in, along
with their two children. She said
they may also attend the fight.
Coetzee has been cheered on
all week by a large contingent of
South Africans who are staying
with him in Cleveland.
“Wouldn’t it be wonderful if
the child was born the night I
won the title?” he said.
“I’m at peace with the world
and expect to go into the ring
that way,” he said.
Dokes says he doesn’t believe
Coetzee is worthy of the WBA
No. 1 ranking and also says he ils
unconcerned that most of the
boxing world recognizes Larry.
Holmes, the World Boxing
Council champion, as the true'
ruler of the heavyweight ranks.
“To me that’s no distractl
don’t have that complex that
other fighters might.”
The Dokes-Coetzee fight is
the featured attraction on a card
that includes five other bouts. /
Tim Witherspoon will meet.
James Tillis in a 12-round bout
for the North American Boxing
Federation heavyweight title
and Renaldo Snipes takes on
Alfredo Evangelista in a 10-
round heavyweight bout. Ip
other 10-round bouts, featly
erweight Azumah Nelson take.-S
on Alberto Collazo, lightweight,
Davidson Andeh meets Alvin
Hayes and welterweight Bobby
Joe Young faces Jef f Malcolm.
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