Originally Posted by
Teamroper
Herb was wise. People first will always produce more profits in a customer-facing business, especially one where the “product” is essentially identical between competitors.
I sincerely hope the company (and union) leadership restore what makes SWA unique. It was the reason my company was a loyal customer for our non-private biz travel.
Thanks for the insight.
I don't believe we'll ever see an 'employees come first' again at a publicly traded company. Over the last few decades, that's become all but illegal. According to U.S. courts and corporate lawyers, shareholders must always come first. Anything less is failure to uphold fiduciary responsibility as a CEO. The only way SWA could become an employee first company again is if employees own 50.1% of voting shares (which isn't impossible). Aside from that, you're going to need some massive shifts in court and overturn a series of rulings.