Originally Posted by
HuggyU2
If you were CEO and you needed to make cuts to stop the cash burn, what actions would you do differently?
I’d ask that question to all of the vocal critics, this stinks, but what real choices do they have. The necessary cuts are huge and there isn’t enough left to spread thin if they wanted to. Those with their neck in the noose have reason to fear, but what are the real options, not hypothetical what if’s? How history is experienced has a big affect on one’s perception. Those who lived the history will have a different perception than those who have read about it from a safe distance. Those who were already at a legacy and personally experienced 9/11, the recession, furloughs compounded by the retirement age change, and mergers will have a different outlook than those who started at a regional 10 years ago, quickly moved up the ranks, and then got hired at a legacy during the biggest boom in history. Of course, those who got to ride out the lost decade at a regional, never got picked up at a better company, and now find themselves out of work, will also have a much different perspective.