Originally Posted by
Name User
JetBlue paid half a BILLION when the merger fell apart. You think they did that because they had no intention of merging? OK.
Spirit shareholders held the keys, they voted and selected to go with jetBlue. JetBlue tried, twice, to merge, DOJ said not happening and they walked away after writing $500m in checks.
Spirit management made some terrible decisions that exacerbated the post-attempted-merger issues.
Placing blame on others who had zero to do with it won't satisfy your anger.
I see the logic in your argument, and I used to think the same.
But the one thing I could never get over...why would Robin Hayes take the stand and make statements that supported the DOJ's basis for the lawsuit?
He either did it on purpose, or he's vastly incompetent. Not even of the answer to be honest, but the outcome was the same.