Relevance of 717 to SWA continues to diminish
08-31-2011, 03:47 AM
#12
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Wait, all MD90s including the Saudis and 717s... naaaaah. We've already been rebuked as know nothing rumor mongerers for repeating 4th floor comments.
08-31-2011, 06:26 AM
#13
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
Did you mean Carl Icahn? Carl Icahn - Wikipedia, the free encyclopedia
from that wiki article:
Icahn began his career on Wall Street in 1961. In 1968, he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading. In 1978, he began taking control of positions in individual companies.[2] He has taken substantial or controlling positions in various corporations including RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field's, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner and Motorola.
In 2011 his net worth was US$12.5 billion, making him the 23rd richest American and the 61st richest man in the world.
If you meant to make that comparison, I think it's a pretty big stretch.
from that wiki article:
Icahn began his career on Wall Street in 1961. In 1968, he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading. In 1978, he began taking control of positions in individual companies.[2] He has taken substantial or controlling positions in various corporations including RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field's, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner and Motorola.
In 2011 his net worth was US$12.5 billion, making him the 23rd richest American and the 61st richest man in the world.
If you meant to make that comparison, I think it's a pretty big stretch.
08-31-2011, 06:28 AM
#14
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
08-31-2011, 07:22 AM
#16
Gets Weekends Off
Joined APC: Jun 2006
Position: B737/Capt
Posts: 998
All they are saying is that it is a stretch to make that comparison. I am sure DAL still has people who think SWA is a cancer to this industry. Well if that is true and I can choose which cancer, I will choose to be rectal cancer. Funny thing is that two years ago you probably wouldn't have defended AT for any reason. Now you are their champion. Are you just a nice guy or are other motives involved?
The Oscar
08-31-2011, 07:25 AM
#17
Doing Nothing
Joined APC: Aug 2010
Posts: 1,316
I think most of us have been reading this in the tea leaves
08-31-2011, 07:28 AM
#18
Gets Weekends Off
Joined APC: Sep 2007
Position: B737 CA
Posts: 1,518
If Gary Kelly had an MO of buying companies via LBOs, stripping all their most valuable assets, selling them, and transferring the money to his personal coffers...then you could call him Carl Icahn. In reality, no comparison. I would say, however, that you could compare Gary Kelly to Richard Anderson, Glenn Tilton, Doug Parker, Gerard Arpey, or Jeff Smisek. Everything he's done with ATA, F9, and AT is pretty typical of what any airline CEO would do, and SWA is well on their way to becoming just another legacy.
08-31-2011, 07:29 AM
#19
Doing Nothing
Joined APC: Aug 2010
Posts: 1,316
08-31-2011, 07:35 AM
#20
At home on the maddog!
Joined APC: Mar 2009
Position: ATL MD-88A
Posts: 2,874
tsquare, you lost a lot of credibility with that one. As a former TWA guy who saw firsthand the result of what Icahn did, I can tell you that is a ridiculous comparison.
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