Originally Posted by
e6bpilot
His mustache has been on the board since 1971.
Yes, he is a Gary appointee. Weird choice, but nobody here knows what is going on in the board right now. They may be drawing battle lines and having an Elliot appointee as chair may not have been in the majority's best interest. Gangwal is clearly driving the bus right now with bleeding the company of cash reserves and other financial trickery to pay the shareholders. The timing and hasty nature of his exit makes me think that maybe the majority (SWA picks still hold a slight majority of board seats) has had enough.
What makes you think it was a hasty exit? We literally haven’t heard a single word from Gangwall so I’m not sure what if any conclusions can be drawn. But he his now heading up the new fleet oversight committee…which to me is the most intriguing development of the announcement.