Originally Posted by
captain152
Hate to say it, but it won't change anything. Wish it would!
Actually it just might. If there's enough bad publicity of the CEO, then the shareholders can put enough pressure on the Board of Directors to oust him.
IMHO, he is already on his way out. He has done nothing constructive to benefit the financial well being of Pinnacle. He was unsuccessful with the labor group concessions, unsuccessful with renogotiations of business partner contracts and has taken the stock from $6.00 to 60 cents in a short period of a few months.
An airline with dark clouds on the horizons needs innovation, creativity and leadership that everyone can fall in line behind. Sean Menke has NONE of that. What he has done, is anger employees to the point of no return as to which you can expect to see a reduction in labor costs through bankruptcy, but an increase in operating expenses as the employee's are now unified in their new mantra of "I don't give a crap" attitude towards running an efficient and streamlined operation. This will result in an exit from bankruptcy with a Cost per Available Seat Mile actually INCREASING! Just wait and see. It's happening now as APU useage has skyrocketed overnight, two engine taxis are the norm, and maintenance writeups at outstations are now becoming the norm. He has single handedly butchered an airline by making ALL the wrong moves.
The Supreme Captain of Pinnacle, Sean Menke, has just hit an iceberg and is the first one to bail into a lifeboat. He is drunk, and needs to be restrained to prevent causing even more damage.