Blue horseshoe loves Bluestar Airliines
02-16-2024 | 01:18 PM
#111
Banned
Joined: Jul 2023
Posts: 633
Likes: 32
He was able to secure two baord seats from what Reuters says.
Carl Icahn nears deal for JetBlue board seats - WSJ Reuters
Carl Icahn nears deal for JetBlue board seats - WSJ Reuters
https://en.m.wikipedia.org/wiki/Glass_cliff
Last edited by CatPilot1; 02-16-2024 at 01:28 PM.
02-16-2024 | 01:30 PM
#112
Line Holder
Joined: Jul 2023
Posts: 302
Likes: 81
Apparently his ownership is capped at 15%. That's good news considering the doom and gloom.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
02-16-2024 | 01:36 PM
#113
Line Holder
Joined: Oct 2016
Posts: 200
Likes: 59
[QUOTE=MergingTargets;3769972]Apparently his ownership is capped at 15%. That's good news considering the doom and gloom.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.[/QUOTE
….profitable for the weeks and months ahead….
Wow. Is that all that’s left? Weeks and months?
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.[/QUOTE
….profitable for the weeks and months ahead….
Wow. Is that all that’s left? Weeks and months?
02-16-2024 | 01:39 PM
#114
Line Holder
Joined: Oct 2016
Posts: 200
Likes: 59
Apparently his ownership is capped at 15%. That's good news considering the doom and gloom.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
02-16-2024 | 01:42 PM
#115
Line Holder
Joined: Jan 2019
Posts: 536
Likes: 41
Apparently his ownership is capped at 15%. That's good news considering the doom and gloom.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
I've gotta say, with RH in charge... I often wondered if anyone even knew what we were doing. JG wasn't a good COO at all, but so far management on her watch seems to be proactive. Making sure Icahn can't get a controlling stake at least tells me they're trying to get out ahead of things and are actually using some foresight.
02-16-2024 | 02:25 PM
#116
Line Holder
Joined: Jan 2008
Posts: 556
Likes: 2
My opinion we can all simmer down now; the seats were additional, nobody was kicked off the board and it’s not Carl (himself), but a lawyer and a portfolio manager. The JetBlue board did a good job in protecting the airline by capping his stake in the company, no way he can ever have a controlling interest. Everyone take a deep breath.
02-16-2024 | 02:27 PM
#117
On Reserve
Joined: Apr 2022
Posts: 190
Likes: 46
I was leaning towards that line of reasoning as well, thanks.
02-16-2024 | 03:00 PM
#118
Gets Weekends Off
Joined: Nov 2005
Posts: 2,714
Likes: 53
I’m relived for now.
The way this deal is structured leaves our current board mostly in charge, and doesn’t let ichan have the ability to push for more seats until the second annual shareholder meeting.(and supposedly limits them to a 15% charge cap)
that gives time for the airline to pursue the current plan for a couple years. If it pans out and the airline starts making money there would be even more resistance to any change ICE would like to pursue.
The way this deal is structured leaves our current board mostly in charge, and doesn’t let ichan have the ability to push for more seats until the second annual shareholder meeting.(and supposedly limits them to a 15% charge cap)
that gives time for the airline to pursue the current plan for a couple years. If it pans out and the airline starts making money there would be even more resistance to any change ICE would like to pursue.
02-16-2024 | 03:55 PM
#119
SDQ Base Chief
Joined: Mar 2006
Posts: 6,089
Likes: 48
From: 320 CA
I’m relived for now.
The way this deal is structured leaves our current board mostly in charge, and doesn’t let ichan have the ability to push for more seats until the second annual shareholder meeting.(and supposedly limits them to a 15% charge cap)
that gives time for the airline to pursue the current plan for a couple years. If it pans out and the airline starts making money there would be even more resistance to any change ICE would like to pursue.
The way this deal is structured leaves our current board mostly in charge, and doesn’t let ichan have the ability to push for more seats until the second annual shareholder meeting.(and supposedly limits them to a 15% charge cap)
that gives time for the airline to pursue the current plan for a couple years. If it pans out and the airline starts making money there would be even more resistance to any change ICE would like to pursue.
I feel like it is less likely to become TWA 2.0 and more likely to shrink so we can be packaged up for a merger with AS in another few years.
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