Just a bit of history for those interested. I understand that lots of people blame JF for starting the rot and certainly his salary compared to WW's at the time was ridiculous. However, I first knew him way back in 1988 at Air UK when he was a terrific boss (he was sales and marketing director), he knew how to form a loyal and motivated team around him. Even then though, there were strange signs - one of my responsibilities was producing a paper timetable (no internet!), and one day he called me into his office. We then sat there for the afternoon with him fiddling around with the fleet using a piece of paper, a pencil and an eraser! Even then I knew that this was not the right way to set up your route network.
Eventually the dreaded company politics intervened and he got shafted. A few months later he popped up at JEA as sales and marketing director. Having been shafted myself some years later, I ended up at JEA too with a number of Air UK refugees. But the atmosphere had changed - his word was law, no real discussion, and all the key decisions were made by him alone. The thread has mentioned LCY ops - well I was called to a meeting to discuss starting up there. I was there because I had had direct experience of marketing LCY routes at Air UK some years earlier. He asked my opinion and I gave what I thought was a well-reasoned talk on why it very definitely was not a good idea to start LCY ops.
A few days later it was announced that we were going to LCY! I was amazed, wondering why I had been invited to the meeting in the first place. Shortly before I left (got pushed out really) we were faffing around for a new name, which was urgently required. After discussions with BA we became British European Airways. For my sins I wangled the code BEE out of ? IATA (can't remember). After that it evolved into the absolutely awful Flybe. I had left by that time. After some manoeuvrings JF became MD, then CEO, etc. The reason for the airline starting to go down the chute was just hubris - the usual emotion that hits people when they get into an undisputed leader position.
Looking from a distance (I'm now retired) it's all very sad. Just one bonkers decision after another, with no pushback from anybody. The board were toothless as well, consisting mainly of Walker accountants and beancounters with not a clue how to run an airline. And of course, as usual, it's the hardworking and loyal staff who are the losers while the top dogs walk away with a bunch of money...