It may be that City fund managers have finally realised what rubbish management easy has. Recently there has been discussions about putting stop to the tradition of management bonuses after a "succesful" takeover of companies. The motives for takeovers are dubious, as the management always get shedloads of money out of it but the shareholders do not necessarily benefit at all. Easyjet management is now paying themselves 10m after takeover of GO. There is no proof so far that easyJet management is up to the job, to be able to run succesfully this combined airline. On the other hand there has been a lot of proof that easymanagement is NOT up to the job, as we have seen numerous times; deicing fiasco when we lost millions two years ago, rostering disaster which, if they had listened to us more experienced people, would never have happened etc etc. easyJet has lost millions in mismanagement. People are treated with contempt and subsequently easy is faced with a number of resignations. Almost daily we hear about resignations. Do the management have the guts to inform the City how much company have lost money recently as resignations are seriously affecting the bottom line? Training budget is getting bigger and bigger to replace leaving people.
If GO had taken over easyJet the situation would have been totally different as the GO management had the trust of the financial institutions and the staff were respecting B Cassani & Co. It is hard to find easyJet staff speaking highly of the current management, on the contrary.
A lot has to change at easy before the staff and fundmanagers can trust that there is enough competence to run the airline. Hopefully those changes do take place sooner than later as we all wish for the success of the company.