ClueByFour
Veteran
- Aug 20, 2002
- 3,566
- 37
The failure at US was that the current management team failed to recognize the brutally obvious during Chapter 11. The "POR" was not worth the paper it was printed on (or so they would have one believe).USA320Pilot said:The company is in the same situation. Industry conditions have changed and continue to change. We either adapt or become irrelevant. That's not an easy message to deliver and even harder to receive.
It is the job of an executive to be forward thinking and visionary. It is the job of folks with MBAs and strategy/forecasting backgrounds to forecast industry trends. These folks are highly paid for their acumen in these regards.
US management clearly lacks these key attributes. These are the skills that highly paid executives are paid to have, and in this case, did not.
So, they are either admitting incompetence or are lying.
Would you trust your future to either? I personally would not, but I don't work for US.