Atlas Q3 - That's not good.
#21
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Joined APC: Aug 2016
Posts: 492
This is too broad a statement. This is not true when activist investors own some of the company, as here. They put people on the Board, they pepper the CEO with questions daily, etc. If things are running well, NP. If things start going off the rails, as here, it's a problem for management. These guys were no shrinking violets at the last phone call, and that one guy just called total BS on their wait-until-this-passes strategy. They're going back to the drawing board. What inane crap they come up with I can only imagine, but change for change's sake is a start here.
#22
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Joined APC: Apr 2007
Posts: 1,796
This is too broad a statement. This is not true when activist investors own some of the company, as here. They put people on the Board, they pepper the CEO with questions daily, etc. If things are running well, NP. If things start going off the rails, as here, it's a problem for management. These guys were no shrinking violets at the last phone call, and that one guy just called total BS on their wait-until-this-passes strategy. They're going back to the drawing board. What inane crap they come up with I can only imagine, but change for change's sake is a start here.
#23
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Joined APC: Aug 2016
Posts: 492
When the investors start saying expressly in public that mgmt is overpaid, that's a signal that the crap mgmt is saying isn't landing. So hearing that is good and a signal that mgmt will have to come up with something else. Like I said, it's likely to be some harebrained stupidity, but I do sincerely believe that any change is a start.
#24
Sad thing is, they know the people they're making this pitch to sit on the boards of other publicly held companies or investment firms, and the incompetent dip**** making eight figures + options is their chirping canary in the coal mine. "If this visibly destructive infant can command this kind of salary, imagine what *I* can get away with!"
When the story of American industrial decline is written, these guys will look about as good as 18th-century Versailles courtiers.
When the story of American industrial decline is written, these guys will look about as good as 18th-century Versailles courtiers.
America is not Capitalist (no country is).
America is Corruptionist.
No country can long withstand a high level of corruption. We can Make America Great, if we want to. Right now, none of our leaders are interested...
#25
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Joined APC: Mar 2013
Posts: 539
IMHO: you are spot on. Nail on the head. I agree!
#26
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Joined APC: May 2018
Posts: 108
I’d love to hear them
#28
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Joined APC: May 2018
Posts: 108
#30
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Joined APC: Jun 2014
Posts: 1,236
I love the statement but there's zero push anywhere for that to happen. Nobody cares. Maybe when accidents go up because of a lack of experienced pilots, but nobody really wants that.
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