Originally Posted by
737lpa
Like the old saying: "nothing says thank you like money"...
This is not about communication or being or not a cheerful leader. This is about the law, and in particular the rules and regulations governing weather you can be employed or not by a fully owned subsidiary (not an agency or broker) which has no assets, means of production, nor any goals other than to provide crews to an exclusive parent company so that they can circumnavigate social responsibility and the severance payments associated with dismissal, including bankruptcy proceedings of such subsidiary when they are still alive and operating as it is the case. This is a no brainer and it will come back to bite them right after sentencing.
Whether the newly appointed CEO is here to stay or not will soon be decided by the new board as soon as the new owners (mostly Irish and American lessors and bondholders) take possession of their shares next Monday. My guess is that they will be appointing a new CEO with ample airline experience (and with an American or Irish background) who will be able to resuscitate this corpse and put it back in the air as soon as possible, and not next summer. And for that you donīt only need cash, but also crews and some degree of social peace among your workforce. And not having everyone confronted and court cases piling up against you.
Maybe having been a former CEO of McDonalds made Schram think he could just remove things off the menu he found not to his taste?
Last edited by BehindBlueEyes; 12th May 2020 at 15:08.