Originally Posted by
acl65pilot
If I was the on the board of that company (you the line pilot) I would not want to declare CH7 and start a new company, I would want to find a way to create value in the current one. I would demand that my CEO (LEC Reps) clean house, and if they did not they would be gone too.
Interesting analogy and way to look at this impassioned debate.
However, instead of "creating value and demanding the CEO clean house," I see that the more effective way to change is to force an LBO/take over.
You are forgetiing that the house not only has a leaking basement but is also structurally unsound. It is as if it has irrepairable termite damage.