Originally Posted by
Mitchaa
How can a company that recently exited Chapter 11 be in such a position already after such a short period of time? Something seriously seriously wrong in the helicopter services world at the moment. Are the big oil companies pushing far too hard now?
Because they are generally run by self-serving, greedy, backstabbing incompetents who have proved time and again that they are completely incapable of balancing a budget without sticking their fat bonuses at the top of the spreadsheet. Just look at the bonus announcements made recently at Bristow's as they re-structured. If you are walking away with millions, and you started as scum, what do you care about the devastating mess you leave behind.
Chapter 11 has just provided another tool for these people to generate more bonuses as the people doing the real work and taking all the real risks suffer through endless rounds of redundancy.
There, now I feel better with that off my chest.
DB