The whole Allegis fiasco I believe happened in late 1988-89. It was NOT a good idea. Basically United had been rolling up some big profits in the mid-80s. So, Ferris decided to take that money and create a travel company by buying Hertz and Hilton and adding them to Westin. However, this upset the United employees and was when the pilots first sought control of the airline. Think about it -- the airline made the money, but it was being used for other purposes. The employees wanted that money pumped back into United for expansion, aircraft purchases, etc. The Board soon realized the dissention and fired Ferris. Next, they had to get a CEO who would concentrate on building the airline and had a good reputation for dealing with unions. That's when Stephen Wolf was hired, who had good success with Flying Tiger and Republic. He quickly sold off all of the non-airline assets and focused on United. In October, 1990 alone he made big strides by buying Pan Am's London routes and launching the 777 program. Trump, by the way, was never a shareholder (at least not a significant one) of UAL stock. After Ferris was fired, he went into some joint ventures with his close friend Arnold Palmer (the golfer). They invested in some golf ventures, some Applebee's restaurants in the New England area and Ferris also runs Priester Aviation at Palwaukee Airport in the northern suburb of Palatine, IL. I assume he still lives in Northbrook, IL and is the CEO of Priester (which does business flying/services), but I haven't read about him in a few years. One of my friends actually went to high school with Ferris' son.