Originally Posted by
hpcock
btw.. Southwest - who's Rakeesh?
Rakesh Gangwal, the ex-President of USAirways. He and Stephen Wolf ran the company into the ground by their pocket lining venture to have United buy the company. They spent $1 Billion ( yes, that's Billion with a B ) buying back USAirways stock to inflate the shares. That money could have been used to fund the pension and keep the company solvent after 9-11. Rakesh, Stephen, and Larry Nagin walked away with tens of millions of dollars each. The employees were left holding the bag.
Lessons learned. Rono Duta the other Indian involved on the United end is also working in India, he's with Sahara. They'll both be up to their dirty tricks again. I wouldn't count on Indigo as a long term career. Rakesh will have it sold in due course.
Typhoonpilot