Originally Posted by
Bond
Well, you're entitled to your opinion, and that's all it is. Some of us who actually live through this day in and day out can give you the facts.
1. The company can sell at any time with out the pilot's concent. However, there are strings attatched, and that's what killed the skywest deal. Those strings were very wisely put in place to protect our jobs...and it worked, skywest wanted to come in and get rid of 700 people...no thanks.
2. Jim Ream has done an excellent job. You my friend are of the school of thought that stockholders should always come first. Well, Herb, Bethune, and Ream always believed that if you take care of your employees, your employees take care of your customers, your customers take care of your stockholders, a very simple principle that has been forgotten and pushed aside by the bean counters. He saved our jobs upon the release of the 69 aircraft, successfully launched three ventures (two which are generating a consistent cash flow), and never asked the employee groups for concessions. Branded is still in it's infancy, and we all know that even with fuel hedged, in this economy everyone is struggling. The solution, as he already mentioned in his last address to the masses, trim branded, reallocate the assets to the profitable revenue streams.
Oh and by the way the BOD just voted him in for another term. The diffenrence between Ream and other CEO's is that he actually cares about his employees and has demonstrated it through out the last decade.
So, have your opinions, but leave the facts to those who have worked for this company for years. How are those 70 seaters Larry promised coming along????
I never said there were no strings attached with the XJT pilots. I said there are still interested parties out there that will pick up the company. Yes a company is owned by it's shareholders and therefore is responsible to them. Not to the employees. Jim Ream has seen nothing but a constant decline in market value. A constant decline. Nothing he has done to this point has increased the companies value. He's butted heads with the hand that feeds him. He admits it and shareholders everywhere have stated their concern. Like I said his employees like him but that doesn't matter in the money world. He's not producing and there's only been a constant decline in the company he runs while other regionals have grown hand over fist during that time. When compared to others in a pure numbers sense he hasn't done the job which is why on the of the largest shareholders in the company, as shown above, had to point these issues out to him. These are the only facts. I don't know what you'd be referring to. SKYW and XJT have not come to agreement. They haven't abandoned talks and there's nothing saying anything against what I've said earlier. I'm not trying to toot my horn here this is just an honest opinion.