for EJA to either dispose of the large airplanes or for the Penn Central Railroad to divest its $22 million investment led to the near collapse of EJA in 1970. The company's creditors reacted by demanding the removal of Lassiter as president. On July 2, 1970, Sundlun was installed as EJA president, and he set out to rebuild the company. Under his leadership, the big jets were sold and he brought the company into the black. In the process, Sundlun, Robert Lee Scott Jr. and Joseph Samuels "Dody" Sinclair, grandson of one of the founders of The Outlet Company of Providence, borrowed $1.25 million from the Industrial Trust Company of Providence to buy out Penn Central's interest in EJA. That purchase was completed in 1972 as part of the Penn Central Railroad's bankruptcy proceedings. When Paul Tibbetts became president of EJA in 1976, he said the company's turn around, under Sundlun's guidance, was one of the nation's great business success stories of that decade. By the end of Sundlun's presidency, EJA was doing business with approximately 250 contract flying customers and logging more than three million miles per year. Sundlun remained on the board of directors of EJA until it was sold in 1984 to a group of investors led by Richard Santulli. The company is still in business with the name of NetJets as one of the holdings of Berkshire Hathaway. From 1976 to 1988, Sundlun was president and chief executive officer of The Outlet Company, a department store and broadcast communications company in Providence. In close association with Dody Sinclair, he led the diversification of the corporation by expanding its radio and television broadcast communications portfolio in the 1970s and 1980s until it had 147 retail stores and 11 radio and television stations. He presided over the corporation during the 1981 sale of the company's flagship Providence department store, sale of several radio stations, the merger of The Outlet Company with the Rockefeller Group in 1984, and the renaming of the company to Outlet Communications. In 1986 after the Rockefeller family voted to not expand further into broadcast communications, a group of Outlet Communications executives, led by Sundlun and Dody Sinclair, executed a leveraged buyout of the company. Remaining as president throughout the entire merger and leveraged buyout sequence, Sundlun led the doubling of Outlet Communications holdings of licensed television broadcast stations from 4 to 11 across the