Originally Posted by
BigTime
That's our biggest problem with this company. Maury Gallagher is CEO and chairman of the board. That means he has no boss that can make him change anything he doesn't want to. Most companies are smarter than that and separate the CEO from the board, but not Allegiant. It would take a very unlikely vote for the other members of the board to remove the Chairman and CEO. He isn't going anywhere unless he wants to leave.
That also helps explain the nearly $200 million is share repurchases in 2015 and Q1 2016; with a fresh authorization for yet another $100 million to continue doing the same....such repurchases serve to benefit only the majority shareholders (read:Maury) and management.
It is befuddling to see a company in such dire need of improvements to its infastructure, processes and employee relations doing such a thing.