Turmoil at Netjets
12-04-2009, 04:59 PM
#1
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Turmoil at Netjets
Looks like the new CEO is making some enemies... the previous CEO resigns without warning, 495 pilots about to be furloughed, accusations of improper behavior, etc. Not good.
http://www.nytimes.com/2009/12/04/bu...l?ref=business
http://www.nytimes.com/2009/12/04/bu...l?ref=business
12-04-2009, 09:29 PM
#2
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Posts: 444
The American Trend continues....who can do it cheaper. America isn't about providing a quality service anymore.
Treat the blue collar workers like crap (who actually make the company run) and give all the so called 'managers' (AKA paper pushers) the nice bonuses...
Ahh I love Corporate America. Race to the bottom continues.
Sad to see a great company like Netjets go down this road.
Treat the blue collar workers like crap (who actually make the company run) and give all the so called 'managers' (AKA paper pushers) the nice bonuses...
Ahh I love Corporate America. Race to the bottom continues.
Sad to see a great company like Netjets go down this road.
12-05-2009, 04:18 AM
#4
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Joined APC: Apr 2007
Position: F/O- G-V/550
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No turmoil at NetJets, we're experiencing a difficult year, people getting furloughed/let go, revenues down, lots of frustation going around, but no turmoil....I've been through this with the airlines before, the morale here at Netjets is nowhere near as bad as I've seen. Believe me, I've seen turmoil before
Here's a GREAT article I found on an Indian newspaper "Sokol imposing budget discipline at Netjets"... it pretty much tells the story of what we had with Santulli, and what Sokol is trying to do
Berkshire Hathaway's Sokol Imposing Budget Discipline and Culture Change at NetJets -- GuruFocus.com
Here's a GREAT article I found on an Indian newspaper "Sokol imposing budget discipline at Netjets"... it pretty much tells the story of what we had with Santulli, and what Sokol is trying to do
Berkshire Hathaway's Sokol Imposing Budget Discipline and Culture Change at NetJets -- GuruFocus.com
12-05-2009, 05:06 AM
#5
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Joined APC: Jan 2008
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The amount of money NJ blows or used to blow on needy rich folks seems to have ended. I remember thinking a few years ago why would their pilots pick the most expensive hotels/food possible...well because they could. Doesn't appear this new CEO is into putting pilots up in 5 star hotels with Ruth Chris steak dinners. A good friend is getting the boot in a few weeks...right after Christmas. Best of luck.
12-05-2009, 09:27 AM
#7
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Originally Posted by UCLAbruins
The culture here was to spend whatever was neccesary to get the job done and keep the owners happy....
Isnt that the way FedEx does it? I dont know to many people that dislike them.
12-05-2009, 05:11 PM
#9
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Originally Posted by PCLCREW
Good way to do business! Keeping people happy is great...
Isnt that the way FedEx does it? I dont know to many people that dislike them.
Isnt that the way FedEx does it? I dont know to many people that dislike them.
12-05-2009, 05:35 PM
#10
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Position: Space Shuttle PIC
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I guess companies shouldn't have to follow budgets.... What? People weren't following budgets at Netjets? Why have budgets if they are not be followed? Sorry but that's just lame... I am sure Uncle Warren was not happy with that.
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