Next UAL CEO, George Zimmer??
#14
Gets Weekends Off
Joined APC: May 2009
Posts: 1,871
#15
Last edited by APC225; 12-12-2013 at 09:37 AM.
#18
Having worked for two public companies that went private and a private company that went public over the last 18 years, it probably would have been better if MW went private.
I don't know if a major going private is forseeable anytime soon, but here is what I saw in two Public-Private ventures:
-Owner(s) (Company one, bought by rich family), care more about long term money than raising the stock price some arbitrary number next quarter.
- Actually viewed employees as a valuable asset.. Offered me on hell of a raise to not join the Navy and stay on as a design engineer.
Going Private to Public (current employer)
-Management at the Echelon 1/2 level (C-level, Presidents) level only cares about the stock price. Nothing else.
-Echelon 3/4 level only care about getting to the 1/2/C level. Therefore they only care about stock prices and how they got it up.
-You have to get down to the Echelon 6-8 levels before anyone starts caring more about their job long term than just making a butt-ton on stock options and bailing.
Note: This is anecdotal based off a small 3 company sample. YMMV
-=
I don't know if a major going private is forseeable anytime soon, but here is what I saw in two Public-Private ventures:
-Owner(s) (Company one, bought by rich family), care more about long term money than raising the stock price some arbitrary number next quarter.
- Actually viewed employees as a valuable asset.. Offered me on hell of a raise to not join the Navy and stay on as a design engineer.
Going Private to Public (current employer)
-Management at the Echelon 1/2 level (C-level, Presidents) level only cares about the stock price. Nothing else.
-Echelon 3/4 level only care about getting to the 1/2/C level. Therefore they only care about stock prices and how they got it up.
-You have to get down to the Echelon 6-8 levels before anyone starts caring more about their job long term than just making a butt-ton on stock options and bailing.
Note: This is anecdotal based off a small 3 company sample. YMMV
-=
#19
If he "wins" it will only increase his stature on Wall Street and they'll renew his contract. The only way be leaves is if he succeeds here and is hired away like a previous CAL CEO who went to lead Burger King out of financial trouble. That, or AFTER a bankruptcy because then they'll want to keep him on to guide us through it, paying him a lot more because that's such a challenging and thankless process of course. It's really a no lose situation for these guys.
Here's an excellent article on how he helped save Continental:
http://ftp.cleary.edu/BCS/440/Right_...ll_at_Once.pdf
#20
Gets Weekends Off
Joined APC: Nov 2013
Position: Gets weekends off
Posts: 1,168
Brenneman was never our CEO. President and COO under Bethune but it sure would be nice to see him return and right the currently sinking SS Smisek.
Here's an excellent article on how he helped save Continental:
http://ftp.cleary.edu/BCS/440/Right_...ll_at_Once.pdf
Here's an excellent article on how he helped save Continental:
http://ftp.cleary.edu/BCS/440/Right_...ll_at_Once.pdf
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