Originally Posted by
e6bpilot
I am in total agreement with you RJS. This is not the good omen that some pilots think it is. If the scenario plays out the wrong way, it could do big harm to this company and its employees. Hoping to be proven wrong. These hedge fund/VC "activists" are like a dystopian feature of late stage capitalism.
Amen brother. Completely agree. I also desperately want to be proven wrong, but I don't trust these vultures at all. This latest blog from CrankyFlier was spot on... these vultures literally cannot lose no matter what happens. While I'm a big proponent and fan of capitalism, I think vulture capitalism ought to be banned.
Originally Posted by
rickair7777
Yeah while they might clean house, their long-term interests are not necessarily aligned with employee interests... especially employees stuck in a seniority/longevity system.
They most certainly aren't aligned with employee interests. They want stock and they can get it by running a great airline, or by selling off all the aircraft and shutting down the whole airline.