Any "Latest & Greatest" about Delta?
02-15-2011, 04:22 PM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
Originally Posted by NERD
Doug Steenland to forgo Board reelection
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February 15, 2011
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February 15, 2011
02-15-2011, 04:25 PM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by NERD
DING DONG THE WITCH IS DEAD
Doug Steenland to forgo Board reelection
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February 15, 2011
Delta Board member Doug Steenland has notified Delta’s Board of Directors that he will not stand for reelection at the company’s 2011 annual meeting of stockholders because the integration of Delta and Northwest is largely complete and the merger between the two airlines has achieved positive results.
In a note to Board Chairman Dan Carp, Doug explained it is an appropriate time for him to rotate off the board given the strategic success of the merger.
“The merger has secured a bright future for the merged carrier's shareholders, the communities it serves and its employees,” Doug said.
Each year, Delta’s Corporate Governance Committee formally reviews each director’s continuation on the board and allows each director the opportunity to confirm his or her desire to continue as a member of the board. Doug joined Delta’s board of directors in October 2008 and has chosen to forgo reelection this year.
“I wish the best to you and my fellow Board members, the management team and Delta’s employees,” Doug said.
Doug Steenland to forgo Board reelection
--------------------------------------------------------------------------------
February 15, 2011
Delta Board member Doug Steenland has notified Delta’s Board of Directors that he will not stand for reelection at the company’s 2011 annual meeting of stockholders because the integration of Delta and Northwest is largely complete and the merger between the two airlines has achieved positive results.
In a note to Board Chairman Dan Carp, Doug explained it is an appropriate time for him to rotate off the board given the strategic success of the merger.
“The merger has secured a bright future for the merged carrier's shareholders, the communities it serves and its employees,” Doug said.
Each year, Delta’s Corporate Governance Committee formally reviews each director’s continuation on the board and allows each director the opportunity to confirm his or her desire to continue as a member of the board. Doug joined Delta’s board of directors in October 2008 and has chosen to forgo reelection this year.
“I wish the best to you and my fellow Board members, the management team and Delta’s employees,” Doug said.
I really want to be a glass half full guy, but when I read a press release like this, what I actually read is that Steenland will go away for an appropriate amount of time and then re-appear as our new CEO when RA goes away to pursue other opportunities.
02-15-2011, 04:31 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Originally Posted by gloopy
I stopped reading right there.
02-15-2011, 04:32 PM
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,989
We don't have the bargaining leverage to pull off longevity based pay. Our lack of unity exposes us to alter ego replacement by non Delta pilots. If we increased the economic incentives to outsource small narrow body jets, the result would be more outsourcing.
I'm not opposed to longevity based pay, but without scope all it would do is encourage management to continue the destruction of longevity by alter ego replacement of Delta pilots. A more logical approach at this juncture is to follow traditional models of compensation based on responsibility and capability.
I'm not opposed to longevity based pay, but without scope all it would do is encourage management to continue the destruction of longevity by alter ego replacement of Delta pilots. A more logical approach at this juncture is to follow traditional models of compensation based on responsibility and capability.
Last edited by Bucking Bar; 02-15-2011 at 05:56 PM.
02-15-2011, 04:51 PM
Gets Weekends Off
Joined APC: Jun 2009
Posts: 5,113
Originally Posted by scambo1
I really want to be a glass half full guy, but when I read a press release like this, what I actually read is that Steenland will go away for an appropriate amount of time and then re-appear as our new CEO when RA goes away to pursue other opportunities.
On the other hand, it makes me wonder why a guy like this gets off the gravy train. One scenario: he's going to go sit out his non-compete and reappear as someone else's CEO. If I want to get even more conspirational, I'd expect him to reappear as CEO of an airline we would be likely to merge with, and about 5 months thereafter where he would announce his intention to retire at the helm, "unforeseen circumstances" would force his hand to reluctantly accept a merger offer from DAL.
02-15-2011, 05:23 PM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Originally Posted by Sink r8
I've been told I'm a glass half-empty guy that can't think outside the box, but I don't follow your logic. Why would he have to leave the board to get the CEO spot?
On the other hand, it makes me wonder why a guy like this gets off the gravy train. One scenario: he's going to go sit out his non-compete and reappear as someone else's CEO. If I want to get even more conspirational, I'd expect him to reappear as CEO of an airline we would be likely to merge with, and about 5 months thereafter where he would announce his intention to retire at the helm, "unforeseen circumstances" would force his hand to reluctantly accept a merger offer from DAL.
On the other hand, it makes me wonder why a guy like this gets off the gravy train. One scenario: he's going to go sit out his non-compete and reappear as someone else's CEO. If I want to get even more conspirational, I'd expect him to reappear as CEO of an airline we would be likely to merge with, and about 5 months thereafter where he would announce his intention to retire at the helm, "unforeseen circumstances" would force his hand to reluctantly accept a merger offer from DAL.
Ok you are a glass half empty like me on this guy, but you are definitely thinking outside the box. I think your version of potential reality is more creative and likely than mine.
02-15-2011, 06:05 PM
Gets Weekends Off
Joined APC: Jan 2009
Position: Nice while it lasted
Posts: 326
Originally Posted by Sink r8
On the other hand, it makes me wonder why a guy like this gets off the gravy train. One scenario: he's going to go sit out his non-compete and reappear as someone else's CEO. If I want to get even more conspirational, I'd expect him to reappear as CEO of an airline we would be likely to merge with, and about 5 months thereafter where he would announce his intention to retire at the helm, "unforeseen circumstances" would force his hand to reluctantly accept a merger offer from DAL.
Originally Posted by scambo1
Ok you are a glass half empty like me on this guy, but you are definitely thinking outside the box. I think your version of potential reality is more creative and likely than mine.
02-15-2011, 06:06 PM
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Originally Posted by nwaf16dude
Most of the bids are up... not mine
02-15-2011, 06:18 PM
Gets Weekends Off
Joined APC: Sep 2007
Posts: 1,227
Man did I mess up biding. I guess I didn't quite understand the Clear Schedule and Start next option. Ended up with a terrible RES schedule.
02-15-2011, 06:20 PM
veut gagner à la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
Originally Posted by PilotFrog
Man did I mess up biding. I guess I didn't quite understand the Clear Schedule and Start next option. Ended up with a terrible RES schedule.
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