Flufdriver
Senior
- Aug 20, 2002
- 396
- 6
Hurry Dave, take your "Busines Plan" to Delta and shrink them to "profitability", in fact..take your whole team. We will help you pack!
Dave, There Is A Job Opening...please Consider!
- Thread starter Flufdriver
- Start date
robbedagain
Veteran
- Oct 13, 2003
- 11,125
- 2,676
I'd highly doubt that any of Delta's employees would want a bung of gangling ghouls like seigal and bronner and crew of thieves running their airline into the cemetery the way ours is. It's sure be nice to have someone like Mullin or Bethune run our airline
What would make you think Mullin's dealings with unions representating US Airways employes and trying to fine new ways to reduce costs would be any different than at Delta?
Reuters
Turmoil at U.S. airlines prompts high CEO turnover
Monday November 24, 4:39 pm ET
By Meredith Grossman Dubner
CHICAGO, Nov 24 (Reuters) - If you're looking for job security, signing up for CEO of a U.S. airline is probably not for you.
The departure of Delta Air Lines (NYSE
AL - News) CEO Leo Mullin marks the latest exodus among top brass at U.S. airlines as the industry struggles to dig itself out of its worst financial quandary ever.
ADVERTISEMENT
"There's a growing disenchantment with working in an industry that seems to stumble from crisis to crisis," said Joe Schwieterman, transportation expert at DePaul University in Chicago. "The industry simply doesn't offer much of a career track."
That's part of the reason why the CEO's office has been such a volatile place at the top U.S. airlines during the last few years.
Other airline executives are not immune. Jeff Campbell, the chief financial officer of AMR Corp.'s (NYSE:AMR - News) American Airlines who announced his departure last week, was the carrier's second CFO to resign in two years.
Airlines have had to adjust to a new reality as business travel demand, hit hard by the September 2001 attacks, never fully recovered, leaving carriers to deal with high costs and not enough revenue to cover expenses.
Even before September 2001, the industry was battling lofty labor and operating costs. Airlines continue to examine ways to revamp their businesses, but they still face weak demand and consumers who may never view travel as they once did. The Iraq war and the outbreak of the SARS virus were further setbacks.
CAN'T TAKE THE HEAT
Mullin, who spent six years in the top job at the No. 3 U.S. carrier, was among the best paid airline executives in 2002 and came under fire earlier this year for his compensation package. In April, he said he would refuse about $9.1 million in potential compensation after being criticized by Congress, unions and shareholders for his pay.
Delta has been in tough negotiations with its pilots, members of the company's only union, as it attempts to slash costs.
Don Carty, former CEO of American Airlines, resigned in April following a public relations fiasco involving the disclosure of special pension funding and retention bonuses for top executives after union workers had agreed to steep paycuts.
The union deals helped keep the world's largest carrier, which had been on the verge of bankruptcy, out of Chapter 11.
"When companies start losing sizable amounts of money, the CEOs tend to fall like bowling pins," said Ray Neidl, analyst at Blaylock & Partners.
HIGH TURNOVER
UAL Corp.'s (OTC BB:UALAQ.OB - News) United Airlines has had five people in its top spot in about twice as many years.
CEO Glenn Tilton took the helm 15 months ago -- in time to steer the company through the U.S. aviation industry's largest bankruptcy ever.
Tilton, a former oil executive, replaced Jack Creighton, who had been charged with helping to lead the carrier in the wake of Sept. 11. Creighton had replaced ousted CEO James Goodwin just a year before as the No. 2 U.S. airline was plagued with union turmoil and high costs.
US Airways' (NasdaqNM:UAIR - News) plight hasn't been much easier. The No. 7 U.S. airline has fought for years to reduce costs and ultimately landed in bankruptcy last year. CEO David Siegel guided the carrier through the eight-month process, but the company still faces a number of hurdles -- namely cutting costs further -- even after it emerged from Chapter 11 in March.
Siegel was preceded by Rakesh Gangwal, who held the chief post at US Airways for three years. Gangwal took over after Stephen Wolf ceded the CEO title but remained chairman.
As airlines have fought bitterly with unions over paycuts and other concessions, rank-and-file workers have sent a clear message that they are not willing to make sacrifices without evidence that management is also paying a price.
"Having a new CEO could mark the beginning of a new era of more amicable labor/management relations," Schwieterman said.
Reuters
Turmoil at U.S. airlines prompts high CEO turnover
Monday November 24, 4:39 pm ET
By Meredith Grossman Dubner
CHICAGO, Nov 24 (Reuters) - If you're looking for job security, signing up for CEO of a U.S. airline is probably not for you.
The departure of Delta Air Lines (NYSE
AL - News) CEO Leo Mullin marks the latest exodus among top brass at U.S. airlines as the industry struggles to dig itself out of its worst financial quandary ever.ADVERTISEMENT
"There's a growing disenchantment with working in an industry that seems to stumble from crisis to crisis," said Joe Schwieterman, transportation expert at DePaul University in Chicago. "The industry simply doesn't offer much of a career track."
That's part of the reason why the CEO's office has been such a volatile place at the top U.S. airlines during the last few years.
Other airline executives are not immune. Jeff Campbell, the chief financial officer of AMR Corp.'s (NYSE:AMR - News) American Airlines who announced his departure last week, was the carrier's second CFO to resign in two years.
Airlines have had to adjust to a new reality as business travel demand, hit hard by the September 2001 attacks, never fully recovered, leaving carriers to deal with high costs and not enough revenue to cover expenses.
Even before September 2001, the industry was battling lofty labor and operating costs. Airlines continue to examine ways to revamp their businesses, but they still face weak demand and consumers who may never view travel as they once did. The Iraq war and the outbreak of the SARS virus were further setbacks.
CAN'T TAKE THE HEAT
Mullin, who spent six years in the top job at the No. 3 U.S. carrier, was among the best paid airline executives in 2002 and came under fire earlier this year for his compensation package. In April, he said he would refuse about $9.1 million in potential compensation after being criticized by Congress, unions and shareholders for his pay.
Delta has been in tough negotiations with its pilots, members of the company's only union, as it attempts to slash costs.
Don Carty, former CEO of American Airlines, resigned in April following a public relations fiasco involving the disclosure of special pension funding and retention bonuses for top executives after union workers had agreed to steep paycuts.
The union deals helped keep the world's largest carrier, which had been on the verge of bankruptcy, out of Chapter 11.
"When companies start losing sizable amounts of money, the CEOs tend to fall like bowling pins," said Ray Neidl, analyst at Blaylock & Partners.
HIGH TURNOVER
UAL Corp.'s (OTC BB:UALAQ.OB - News) United Airlines has had five people in its top spot in about twice as many years.
CEO Glenn Tilton took the helm 15 months ago -- in time to steer the company through the U.S. aviation industry's largest bankruptcy ever.
Tilton, a former oil executive, replaced Jack Creighton, who had been charged with helping to lead the carrier in the wake of Sept. 11. Creighton had replaced ousted CEO James Goodwin just a year before as the No. 2 U.S. airline was plagued with union turmoil and high costs.
US Airways' (NasdaqNM:UAIR - News) plight hasn't been much easier. The No. 7 U.S. airline has fought for years to reduce costs and ultimately landed in bankruptcy last year. CEO David Siegel guided the carrier through the eight-month process, but the company still faces a number of hurdles -- namely cutting costs further -- even after it emerged from Chapter 11 in March.
Siegel was preceded by Rakesh Gangwal, who held the chief post at US Airways for three years. Gangwal took over after Stephen Wolf ceded the CEO title but remained chairman.
As airlines have fought bitterly with unions over paycuts and other concessions, rank-and-file workers have sent a clear message that they are not willing to make sacrifices without evidence that management is also paying a price.
"Having a new CEO could mark the beginning of a new era of more amicable labor/management relations," Schwieterman said.
oldiebutgoody
Veteran
- Aug 23, 2002
- 2,627
- 945
Now that Dr. Evil is gone, we really need to get rid of MiniMe (Siegel) and Goldmember (Bronner). 
wings396
Veteran
- Aug 20, 2002
- 3,672
- 1,122
Keep Leo out of here. He is a bigger RJ Guru than Dave is. DL already had an excellent network when he took over at the helm. All that Leo has done since his arrival is beat Morale down. As you all know we at US can't handle anymore of that. We need a true leader that cares about the workforce as well as growing the airline. Remember that in 1989 after the mergers we operated 454 A/C...14 1/2 years later we are at 276. Under Leo DL could have prospered on our mistakes alone without a CEO.
