The Countdown:
- Mr. Grebey began his management career in labor relations at Inland Steel Corporation, where a strike forced him to work at the blast furnace as a laborer. (Ooh! Ooh! Sounds like a major life event.)
- He moved on to General Electric, where electrical workers went on a 109-day strike.
- But the players did strike on June 12, 1981, and lost $28 million in salaries. Owners lost $72 million, even after collecting $44 million in strike insurance.
- Through Mr. Grebey’s negotiating, Pan Am won the right to use more part-time workers, pay new workers lower wages and cut some benefits.
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