I think there may be a huge disconnect between Bronner and Lakefield. Lakefield continues to run the company with a seemingly blind eye to the chairman's threat of liquidation.
I suspect that Lakefield hired Schear under his "Liquidation is not being considered" mindset, even though his boss, Bronner, has specificly said it is being considered.
Having said that, I agree, this company needs an operations guy, and based on the positive reviews I have read, maybe Schear is the guy... However, it falls in the "too-little-too-late" category for me.
If Lakefield and Bronner are working together, in a good-cop-bad-cop kind of way, then I would think that Schear was brought in to try and keep a lid on things while BK and possibly liquidation begin. Since Labor seems to like the guy, and he is a former US Airways pilot, I just have to believe there is an ulterior motive than "VP of Restructuring." Maybe replace the current COO? Maybe help along the ALPA negotiations... something, but I don't know what.
Either way, I don't see it as a vote of confidence.
I suspect that Lakefield hired Schear under his "Liquidation is not being considered" mindset, even though his boss, Bronner, has specificly said it is being considered.
Having said that, I agree, this company needs an operations guy, and based on the positive reviews I have read, maybe Schear is the guy... However, it falls in the "too-little-too-late" category for me.
If Lakefield and Bronner are working together, in a good-cop-bad-cop kind of way, then I would think that Schear was brought in to try and keep a lid on things while BK and possibly liquidation begin. Since Labor seems to like the guy, and he is a former US Airways pilot, I just have to believe there is an ulterior motive than "VP of Restructuring." Maybe replace the current COO? Maybe help along the ALPA negotiations... something, but I don't know what.
Either way, I don't see it as a vote of confidence.