UAL777flyer
Veteran
- Aug 20, 2002
- 730
- 0
And allowing top quality management personnel (of which there are many at every airline) to leave while you're presently in Ch.11 trying to reorganize successfully is going to significantly affect your company's ability to emerge from bankruptcy. This industry is prone to stereotypes. All pilots are overpaid egomaniacs. All flight attendants are glorified waitresses. All mechanics and rampers are lazy, inefficient malcontents. All management are do-nothing, overpaid incompetents. We've heard them all. And none of them are true. There are a few bad apples in every bunch. Like it or not, a CEO gets paid to make the big decisions. Some of those decisions are deciding in his/her mind who the top managers are that you can't afford to lose at such a critical time. I suspect that is what Siegel has done. It is a bitter pill for everyone to swallow. I wouldn't like it anymore than the next guy. But considering the circumstances, it's necessary. If all of a sudden key US personnel left the company, it could very well jeopardize your ability to avoid being liquidated.