News thread
09-26-2023 | 01:27 PM
#231
Line Holder
Joined: Mar 2021
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I didn't mention BB as tanking, I mentioned Indigo. BB sold when the stock was on the way down to try and salvage what he could given he knew (had just been informed) it was Indigo's intention to go lower (possibly to zero). As you mentioned, BB doesn't BUY the stock as it's part of his compensation. So, he doesn't LOSE by selling low, he just doesn't make as much (there's a difference). His overall compensation may end up being lower but if a CEO is on the way out, that isn't a bad move to make.
Who knows, maybe Franke gave him some of his to make up the difference.
Who knows, maybe Franke gave him some of his to make up the difference.
09-26-2023 | 02:49 PM
#232
Line Holder
Joined: Mar 2018
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I didn't mention BB as tanking, I mentioned Indigo. BB sold when the stock was on the way down to try and salvage what he could given he knew (had just been informed) it was Indigo's intention to go lower (possibly to zero). As you mentioned, BB doesn't BUY the stock as it's part of his compensation. So, he doesn't LOSE by selling low, he just doesn't make as much (there's a difference). His overall compensation may end up being lower but if a CEO is on the way out, that isn't a bad move to make.
Who knows, maybe Franke gave him some of his to make up the difference.
Who knows, maybe Franke gave him some of his to make up the difference.
09-26-2023 | 03:48 PM
#233
Gets Weekends Off
Joined: Nov 2022
Posts: 295
Likes: 0
From: A320 FO
09-26-2023 | 03:56 PM
#234
Thread Starter
Almost there
Joined: Apr 2021
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I can’t say for sure but I would think the BOD care very much. If BB doesn’t right the ship soon we will have the privilege of seeing CEO attrition numbers move to 100%.
09-26-2023 | 04:30 PM
#235
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Joined: Feb 2014
Posts: 1,986
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From: Lineholder
Pure speculation but devaluation for negotiations (not just for the pilot union). But honestly, I don't know.
09-26-2023 | 04:37 PM
#236
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Joined: Mar 2021
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I wondered this myself and admit I don't fully understand the financial (and legal) ramifications a company might face for operating so poorly that it devalues the stock entirely. With worthless stock, I presume Franke would again control 100% of the company (as I mentioned previously). But what BL has mentioned in his negotiation videos, how BB has continued to act (tantrums in the HQ, lies to investors during stock meetings, driving VP after VP away) . . .to be THIS bad, it has to be on purpose and Franke doesn't do anything for the purposes of not making $.
Pure speculation but devaluation for negotiations (not just for the pilot union)
Pure speculation but devaluation for negotiations (not just for the pilot union)
Not only does Indigo "own" Frontier, for all practical purposes, but BB reports to, officially, as the CEO, to the Chairman of the Board.
And that Chairman is Franke. Re-phrased, Franke is BB's boss. Not a "behind the scenes puppetmaster" boss, but his is the real, official, boss of BB.
09-26-2023 | 05:07 PM
#237
Line Holder
Joined: Feb 2014
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From: Lineholder
good points but Indigo and Franke is the same thing. He founded Indigo. And Franke has control of Frontier. He is the chairman of the board. https://ir.flyfrontier.com/board-member/william-franke
Not only does Indigo "own" Frontier, for all practical purposes, but BB reports to, officially, as the CEO, to the Chairman of the Board.
And that Chairman is Franke. Re-phrased, Franke is BB's boss. Not a "behind the scenes puppetmaster" boss, but his is the real, official, boss of BB.
Not only does Indigo "own" Frontier, for all practical purposes, but BB reports to, officially, as the CEO, to the Chairman of the Board.
And that Chairman is Franke. Re-phrased, Franke is BB's boss. Not a "behind the scenes puppetmaster" boss, but his is the real, official, boss of BB.
09-26-2023 | 05:23 PM
#238
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09-26-2023 | 05:49 PM
#239
Gets Weekends Off
Joined: Nov 2012
Posts: 3,764
Likes: 115
From: 1900D CA
Good lord guys....
They don't want the stock price to go down! Period.
There's no conspiracy here. Y'all sound crazy.
They suck at running the airline, fuel prices are up and demand is down. So the stock price is down. Simple as that.
They don't want the stock price to go down! Period.
There's no conspiracy here. Y'all sound crazy.
They suck at running the airline, fuel prices are up and demand is down. So the stock price is down. Simple as that.
09-26-2023 | 06:09 PM
#240
Line Holder
Joined: Mar 2021
Posts: 1,768
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with stock so cheap, this may attract vultures and activist investors to "take over" and oust the current management team.
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