The Five Million Dollar Coin Toss

The View from My Jump Seat on one of the costliest coin flips in history:

We were being sued in Federal Court by the Justice Department to un wind the sale as anti competitive….of course, that’s what we wanted so we demanded NWA have only a code share but no ownership of our shares. After a long day’s haggle in a Georgetown, Washington DC apartment, we were down to just the total cost….they were locked at $435 million and we were not going to pay over about $430 million. We were due back in Federal Court in DTW that next day. At about 4 pm, I asked the NWA CEO to step outside with me…I said, let’s flip a quarter for it.

Click over to see the full story. I imagine this happens more often than any of us like to think.

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