Originally Posted by
powrful1
I thought Republic was flying the 170/190 for Midwest Connect because some stupid CEO and CFO who shall remain nameless bluffed with a pair when trying to negotiate with Boeing who had a straight flush and called them on it, hence the additional 717s for Click in Mexico.
I thought TPG and BB worked together to find the cheapest labor costs for Midwest E170/E190. You can't grow a airline on B717.
Finding the executive talent to lead a turnaround is never easy.
"
The hardest part of our job is finding great CEOs," said Coulter (who is not related to former Bank of America Corp. CEO David Coulter).
In addition to operational expertise, Texas Pacific looks for those with strong leadership and interpersonal skills.
"When we visit a company, we watch the CEO interact with people in the hallway. Do people say hello to him?" Coulter said.
Often, Texas Pacific is negotiating with a potential CEO even as it's hammering out details of the acquisition.
They have a philosophy of building value as opposed to cutting corners to make a quick buck."