Did OM's respite cause current Board Takeover
03-12-2016, 07:13 AM
#1
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Did OM's respite cause current Board Takeover
I know OM was supposed to SAVE US but did his medical condition and the inaction on the board inadvertly put United in play.
We can't blame the takeover group or GB for taking the action they have. We've been without anybody running the store, even with OM trying from the sick bed. Where was the BOD? OM had more than a hangnail and the BOD should have acted swiftly for a replacement instead of the TEMP. The current Board and OM put United in play.
We can't blame the takeover group or GB for taking the action they have. We've been without anybody running the store, even with OM trying from the sick bed. Where was the BOD? OM had more than a hangnail and the BOD should have acted swiftly for a replacement instead of the TEMP. The current Board and OM put United in play.
03-12-2016, 08:03 AM
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Or possibly the fact that he is advocating for making this place a good place for employees which will have a trickle down effect to our passengers. And that means taking the human equation into thought, signing contracts, paying more money, making benefits better, even if it costs the company a little bit extra. But to an investor, that could be their money and they see it as coming from their bottom line, so they are fighting to stop it.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
03-12-2016, 08:24 AM
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I know OM was supposed to SAVE US but did his medical condition and the inaction on the board inadvertly put United in play.
We can't blame the takeover group or GB for taking the action they have. We've been without anybody running the store, even with OM trying from the sick bed. Where was the BOD? OM had more than a hangnail and the BOD should have acted swiftly for a replacement instead of the TEMP. The current Board and OM put United in play.
We can't blame the takeover group or GB for taking the action they have. We've been without anybody running the store, even with OM trying from the sick bed. Where was the BOD? OM had more than a hangnail and the BOD should have acted swiftly for a replacement instead of the TEMP. The current Board and OM put United in play.
I DO blame Bethune and his hedge fund backers for this predatory attempt to rape UAL of its cash. Being as cynical as I am due to my 19 years at UAL I'm no fanboy of Munoz, but I'll bet my career that his strategic plans and vision for UAL are far better than these vultures will have. They want to extract as much cash as possible, as soon as possible, and will bail out if they overreach and we go south. Something about the goose and golden egg.....but they have a winning exit plan to boot.
03-12-2016, 08:34 AM
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Or possibly the fact that he is advocating for making this place a good place for employees which will have a trickle down effect to our passengers. And that means taking the human equation into thought, signing contracts, paying more money, making benefits better, even if it costs the company a little bit extra. But to an investor, that could be their money and they see it as coming from their bottom line, so they are fighting to stop it.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
I see your point but the months of nobody really looking out for the airline left it vulnerable to the takeover groups. United is/was making money with a Temp and OM(on sicklist) supposedly running the show but still underperforming our competitors. It puts the Board in poor light for not living up to their responsibility to the shareholders. The outside group cares nothing about United and it's employees just the money.
03-12-2016, 08:37 AM
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Or possibly the fact that he is advocating for making this place a good place for employees which will have a trickle down effect to our passengers. And that means taking the human equation into thought, signing contracts, paying more money, making benefits better, even if it costs the company a little bit extra. But to an investor, that could be their money and they see it as coming from their bottom line, so they are fighting to stop it.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
That's my thinking anyways, and I'm seeing more employees happy at work, more employees willing to help and go above and beyond "their job", and it is having an effect on our customers.
Ive had enough of those slobbering over Gordo and his worst to first pap. This guy is out to take money outta your pocket and into his and his minions. Sadly, it seems many have no problem with that.
03-12-2016, 08:44 AM
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Not in the way you insinuate. Maybe the opening was caused by Oscar's inability to consolidate his 'power' while absent? The idea that nobody as been "running the store" is pure bs. Given the circumstances, Munoz and Hart have actually done a good job of pushing a new direction.
I DO blame Bethune and his hedge fund backers for this predatory attempt to rape UAL of its cash. Being as cynical as I am due to my 19 years at UAL I'm no fanboy of Munoz, but I'll bet my career that his strategic plans and vision for UAL are far better than these vultures will have. They want to extract as much cash as possible, as soon as possible, and will bail out if they overreach and we go south. Something about the goose and golden egg.....but they have a winning exit plan to boot.
I DO blame Bethune and his hedge fund backers for this predatory attempt to rape UAL of its cash. Being as cynical as I am due to my 19 years at UAL I'm no fanboy of Munoz, but I'll bet my career that his strategic plans and vision for UAL are far better than these vultures will have. They want to extract as much cash as possible, as soon as possible, and will bail out if they overreach and we go south. Something about the goose and golden egg.....but they have a winning exit plan to boot.
I don't know that we can give credit to Temp and OM for changing direction of the airline. For the most part that was the employees doing and their motivation was JS leaving.
Last edited by AllenAllert; 03-12-2016 at 08:54 AM.
03-12-2016, 11:31 AM
#9
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Not in the way you insinuate. Maybe the opening was caused by Oscar's inability to consolidate his 'power' while absent? The idea that nobody as been "running the store" is pure bs. Given the circumstances, Munoz and Hart have actually done a good job of pushing a new direction.
I DO blame Bethune and his hedge fund backers for this predatory attempt to rape UAL of its cash. Being as cynical as I am due to my 19 years at UAL I'm no fanboy of Munoz, but I'll bet my career that his strategic plans and vision for UAL are far better than these vultures will have. They want to extract as much cash as possible, as soon as possible, and will bail out if they overreach and we go south. Something about the goose and golden egg.....but they have a winning exit plan to boot.
I DO blame Bethune and his hedge fund backers for this predatory attempt to rape UAL of its cash. Being as cynical as I am due to my 19 years at UAL I'm no fanboy of Munoz, but I'll bet my career that his strategic plans and vision for UAL are far better than these vultures will have. They want to extract as much cash as possible, as soon as possible, and will bail out if they overreach and we go south. Something about the goose and golden egg.....but they have a winning exit plan to boot.
I agree 100% with you. I will say this .. if these Gordon Gecko's actually do manage to take over the board, United will tank operationally. I would rather see this place go down in flames than watch some corporate raiders walk away with billions. I'm confident the majority of the employees feel the same way.
03-12-2016, 04:11 PM
#10
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Your premise, that no one was 'running the store' is incorrect. There are more than 80,000 employees at United, the vast majority are capable of doing their job with no/minimal supervision.
Like any other corporation, United is able to function just fine without the CEO working 24/7. And rather than United being hobbled by Oscar's illness, I would argue that it was beneficial in that most employees worked harder and were focused on United being successful. The proof is in the performance numbers.
This isn't the first company that's had a CEO take an extended leave of absence and it won't be the last. Frankly, I don't understand your obsession with Oscar. You are trying to blame him for everything.
I don't expect any of Altimer/PAR's nominees to get elected. From my readings of various financial blogs, it appears that they don't have a large enough voting block to succeed and the way that directors are elected, the odds are stacked against them. However, they chose Gordo in order to try to leverage his name recognition so we'll have to see how things progress.
Altimeter's portfolio is very concentrated in UAL stock and they're probably using a lot of margin in order to buy more shares of stock. I've looked over their SEC filings and they increased their UAL holdings by ~900K shares since 31 Dec. IF UAL's stock price moves lower, Altimeter will probably blow up because the size of their position is so big that it would take several weeks to sell all of their stock.
IF they're able to get their directors elected, I'd love to see United employees drag down our performance numbers in the hope that the stock price tanks.
Like any other corporation, United is able to function just fine without the CEO working 24/7. And rather than United being hobbled by Oscar's illness, I would argue that it was beneficial in that most employees worked harder and were focused on United being successful. The proof is in the performance numbers.
This isn't the first company that's had a CEO take an extended leave of absence and it won't be the last. Frankly, I don't understand your obsession with Oscar. You are trying to blame him for everything.
I agree 100% with you. I will say this .. if these Gordon Gecko's actually do manage to take over the board, United will tank operationally. I would rather see this place go down in flames than watch some corporate raiders walk away with billions. I'm confident the majority of the employees feel the same way.
Altimeter's portfolio is very concentrated in UAL stock and they're probably using a lot of margin in order to buy more shares of stock. I've looked over their SEC filings and they increased their UAL holdings by ~900K shares since 31 Dec. IF UAL's stock price moves lower, Altimeter will probably blow up because the size of their position is so big that it would take several weeks to sell all of their stock.
IF they're able to get their directors elected, I'd love to see United employees drag down our performance numbers in the hope that the stock price tanks.
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