The move, though, leaves in tatters an empire crafted by Lorenzo from a hodgepodge of carriers including Eastern Airlines, People Express and Frontier and its huge debt is a legacy of its growth during the 1980s.
In 1989, the captaincy proved too much and he resigned, his game in tatters.
But with the mechanism in tatters, and participating currencies observing 15-percentage-point fluctuation bands, that is no longer so relevant.
He won't discuss his private life or the relationship with Miami model Donna Rice, which left his original campaign in tatters.
He suggests, moreover, that it might not have been so terrible a struggle had Stalin not liquidated his best military minds, left his officer corps in tatters and panicked when attacked by the Nazis.
A few days ago, Mrs. Aquino replaced him, but by then the commission's reputation was in tatters.
The end of the war left 350,000 soldiers waiting to be demobilised, millions of weapons outside state armories and 20,000-25,000 former officials detained on charges from genocide to corruption. It also left the already weak economy in tatters.
The company looked isolated with its strategy in tatters and its future unsure. Yet within days, the Volvo share price began to climb and - despite fluctuations - it still stands more than 60 per cent above the level of a year ago.
With bank credit tight, the junk-bond market in tatters and raiders with little prospect of being able to resell pieces of companies they take over, raiders can't put pressure on corporations any more.
But with its credit rating in tatters and uncertain prospects even if it succeeds, Zavala County will have difficulty raising the money.
The dream of a family retail dynasty lies in tatters following the son's embarrassing brush with the U.S. Customs Service for trying to spirit a handful of expensive watches into the country.
"The hopeful symbols of our new age are compelling," he said. "The Iron Curtain is in tatters.