Originally Posted by
docav8tor
The reason is simple – there is no accountability in Corporate America.
…cronies who are unwilling to challenge a CEO or hold them accountable….
…the knowledge and the patience to improve companies and increase shareholder value.
…will yield additional winners and generate significant upside ahead.
Once again, I’d offer a different view than the old TWA crowd viewpoint; especially considering the fact that there is a 15% limitation and other restrictions placed on the Ichan Enterprises board members.
Took some key words from the CFO statement above; perhaps we may consider that their goal is to hold the JetBlue CEO and Board of Directors accountable to execute a winning strategy. That’s not all bad news, if JetBlue simply goes to its historic Stock Price highs in the mid 20’s, Ichan Enterprises makes 7x their $3.65/share investment.
Accountability can drive quality CEO behavior; not all doom and gloom, just offering a different opinion.