Turmoil at Netjets
12-04-2009 | 04:59 PM
#1
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Gets Weekends Off
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From: low hanging fruit
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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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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From: F/O- G-V/550
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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From: A320
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 | 06:34 AM
#6
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The last line says it all... "But changing a culture is very difficult, and it is not therefore clear that things will work.”
Seems the only thing certain is NetJets either must change or fail. But the old way of doing things is quickly changing for good.
Seems the only thing certain is NetJets either must change or fail. But the old way of doing things is quickly changing for good.
12-05-2009 | 09:27 AM
#9
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From: Assistant Greens Keeper
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