Originally Posted by
AxialFlow
Not to cut Menke any slack (the guy is still a lousy sack of ****) but this is more of Delta's doing than anything. I hope the judge doesn't approve their DIP financing.
Delta was the one who called the shots. As others have said, nothing could have been done by outside forces if Delta wanted PNCL to file BK, and thats what they wanted.
Now, what makes Menke so worthless has nothing about the filing. It's about how he asked for concessions all the while knowing that he and Spanjers were planning on using the BK trouble as leverage to get more $$ from the Board. The cherry on the top was after all this, he had the nerve to cry like a 6 year old girl and cry about the toll this will take on his family.
Menke is not a leader; leaders dont cry, run when it gets tough, use his subordinates as leverage, etc...He is a joke.