Originally Posted by
CincoDeMayo
$4.219m bonus. But who’s counting…
And no, he has lost all of their money. Stock was $26 a share in 2022 when the F9/NK merger was announced, it’s trading .16 OTC currently. So a $50k investment then is worth $307 now. That’s losing all their money.
But I’m glad the big stockholders lost their money on this. They had the solid F9 deal, they wanted to push it for the slightly larger payday of JBLU, know the DOJ had a stiffy for mergers. Look what happened.
What makes you think they would’ve allowed the Frontier merger at the time other than Ted saying so. More money from JetBlue was the better deal. The Frontier would’ve been shot down for the very same reason had the DOJ sued which they would have.