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Atlas Q3 - That's not good.

Old 11-02-2019, 12:50 PM
  #21  
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Originally Posted by nitefr8dog View Post
Board members are usually hand picked buddies of those charged with running the company and making the decisions...they will not speak up as long as the pay and perks continue.
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.
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Old 11-02-2019, 03:23 PM
  #22  
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Originally Posted by wjcandee View Post
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.
Broad statement but usually true....as far as peppering the CEO and asking tough questions...alot of planned questions and answers...
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Old 11-02-2019, 04:45 PM
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Originally Posted by nitefr8dog View Post
Broad statement but usually true....as far as peppering the CEO and asking tough questions...alot of planned questions and answers...
Yep. I don't disagree. I was thinking more about the CEO of Mondelez (formerly Nabisco) who said she spent at least 2 hours a day on the phone with one particular activist investor who had maybe 8 percent of the company. Eventually, one bends at least somewhat to their will. I think the sea change in investor attitudes reflected on the last call shows there is blood in the water and mgmt is going to have to do something. Predictably, they talked about "cost-cutting" and such. Stupid, of course.

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.
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Old 11-02-2019, 10:11 PM
  #24  
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Originally Posted by thepotato232 View Post
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.
Interesting historical comparison.

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...
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Old 11-03-2019, 05:00 AM
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Originally Posted by atpcliff View Post
Interesting historical comparison.

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...
IMHO: you are spot on. Nail on the head. I agree!
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Old 11-03-2019, 06:03 AM
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Originally Posted by atpcliff View Post
Interesting historical comparison.

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...
Any ideas on how to make America great and end the “ corruptionist” state ?
I’d love to hear them
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Old 11-03-2019, 06:24 AM
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Let's keep the conversation on topic please.
Plenty of other forums to discuss politics in general.
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Old 11-03-2019, 08:06 AM
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Originally Posted by zerozero View Post
Let's keep the conversation on topic please.
Plenty of other forums to discuss politics in general.
Sure. Let’s revisit the fable about the “uniformed airline pilot” and the fat guy on a the scooter.
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Old 11-03-2019, 08:38 AM
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You could Make Airlines in America Great Again by having Congress replace the RLA with something fit for purpose in 2019.
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Old 11-03-2019, 08:46 AM
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Originally Posted by ROBsINtheHOOD View Post
You could Make Airlines in America Great Again by having Congress replace the RLA with something fit for purpose in 2019.
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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