Originally Posted by HelmetFire

Are you guys okay? This isn’t much of a crowdstrike issue. Of course they’re going to attempt litigation, because Delta management is too arrogant to recognize their own failures, and accepting this outcome without litigation would be to admit failure. Best case scenario, this litigation will result in a relatively small settlement.

I think you all have conveniently forgotten that almost every airline was affected by the flawed update from crowdstrike. The problem for Delta is that they objectively handled it the worst of all the airlines based on every measurable metric available. Not only that, but their meltdown lasted several days longer than anybody else’s. Just because crowdstrike was the initial catalyst does not mean delta is absolved of its own colossal failures that resulted from it. That’s like saying even though I crashed the jet during a V1 cut in the sim, it’s actually the sim instructor’s fault for cutting the engine. Pathetic excuses from the most arrogant management group in the industry.

Delta for years now has been blinded by its own complacency and arrogance. Tom Brady? Really? How did that help you at all when times got tough?

Originally Posted by notEnuf

Tom’s “job” was compensation for his loss associated with Wheels Up. He was a huge investor. It has absolutely nothing to do with anything at the Air Line. Crowd Strike was the cause. Our inability to handle the disruption as easily as ABC company is not the issue. We are in the middle of a modernization and the fact that it isn’t complete is not a failure.

Originally Posted by interceptorpilo

Interesting take. None of the information that I have seen has said the job was part of any compensation for a Wheels up loss. Where do you find this information? Also it seems like an odd thing to compensate an investor in a Company that you buy out. Why would Delta do that? Seems like a bad business practice. Also, if Delta is in the middle of an upgrade then shouldn’t prudent management have safeguards in place to recover from systemic problems? That’s called resiliency. A Company should have it at all times. Especially resiliency in IT when said Company purports to be IT focused. Not really throwing stones just thinking about the problems and our reactions to them.

Originally Posted by notEnuf

He is compensated as a consultant and his fee mirrors his % stake. If the bankruptcy had been executed he would have gotten much less because the plan was to compensate creditors with equity. Delta was the knight in shining armor to the rescue.

https://pagesix.com/2021/02/04/tom-b...s-up-ramps-up/
https://news.delta.com/wheels-finalizes-new-investment-delta-certares-knighthead-and-cox
https://privatejetcardcomparisons.com/2023/09/20/wheels-up-closes-delta-led-takeover-to-avert-bankruptcy/

At what point in ABC's, UAL's, or IBM's moderniaztion would this level of loss not be persued? The dilligence was to create an updated system, which is in the works. Granted we have been hearing this for some time but IT upgardes are not instantanious. We got unlucky with the timing of Crowd Strike's failure but we were an operationally sound company prior to thier actions.

Originally Posted by interceptorpilo

Notenuf:

You follow the money better than I do. But 1. The links you provided (second didn’t work). Didn’t back up your claim that Brady was compensated by Delta for his losing Wheels Up stake. And if he was as then why? 2. That isn’t the way I understand finance to work - I.e. I buy into something, it loses value, a new company buys the old one at a discounted rate and somehow I am paid for my share of what the Company used to be worth? This all points to Brady just being paid a lot of money because somebody liked Brady. Not really a value proposition to me. FYI I think Delta should persue a lawsuit against Crowdstrike and others.

Originally Posted by interceptorpilo

Notenuf:

You follow the money better than I do. But 1. The links you provided (second didn’t work). Didn’t back up your claim that Brady was compensated by Delta for his losing Wheels Up stake. And if he was as then why? 2. That isn’t the way I understand finance to work - I.e. I buy into something, it loses value, a new company buys the old one at a discounted rate and somehow I am paid for my share of what the Company used to be worth? This all points to Brady just being paid a lot of money because somebody liked Brady. Not really a value proposition to me. FYI I think Delta should persue a lawsuit against Crowdstrike and others.