Originally Posted by
thruthemurk
How did the employees take over?
CO had already been bankrupt twice and the pilots were working for half of what other airline pilots made. Other employees also at deep discount. B and B did reinvigorate the work force by giving big raises (which still left them FAR below everyone else in pay and workrules) and throwing their overly cumbersome manuals away.
Reempowering people who are at the bottom of the stack is a great strategy - but you have to have step one. The evisceration.
Our opinions may differ. But based on your post, you mentioned things got better...The CO product got better. They started getting recogntion from JD Powers and for being an on-time airline. The employees got money for doing that...I guess if all those things happened they weren't a fluke.
Given the choice between Icahn, Lorenzo, Wolfe, Arpey, Crandall, Don "the Con" Carty, Gangbanger, and Douggie the Driver, I'd take Bethune.
Secondly, why are we having this discussion...this thread is about AMR declaring BK.