Well done MESA BOD!
04-08-2008, 03:46 PM
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Well done MESA BOD!
http://www.planebusiness.com/bestoft...7/bestof.shtml
Well written article, just shows the sinking ship just keeps sinking!
Well written article, just shows the sinking ship just keeps sinking!
04-08-2008, 03:59 PM
#3
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Joined APC: Dec 2007
Posts: 32
• Mesa Air Group
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2008 PlaneBusiness Ron Allen Award: Mesa Air Group Board of Directors
As longtime subscribers to PlaneBusiness Banter are aware, every year we give an award to the airline CEO or, in two previous cases, a related group of individuals, who we feel have caused the greatest harm to their respective airlines during the previous year.
As I have for the last several years, I opened up the floor for nominations from the PlaneBusiness Banter subscriber base.
While Jonathan Ornstein, CEO of Mesa Air Group received the lionshare of votes, I will also say that both subscribers and I also agreed on a strong second-place contender. That second place nominee was David Neeleman, former CEO and current Chairman of JetBlue.
As one reader wrote, "Thank god that the JetBlue board did what it did, when it did. If it had not, I'm not sure the airline would still be flying."
Another reader added, "I figure he's a slam dunk winner. Let's face it, he's the only CEO that I can think of who got fired by his board last year. Too bad it was a couple years too late."
And so it went.
But comments like these made me consider another possibility. Just as was the case several years ago when I presented this award to the United Airlines board of directors, perhaps I needed to rethink just who was more worthy of the award this year -- was it the CEO, or was it a compliant board that apparently refuses to do what it needs to do in the face of increasingly negative financial and operational evidence of mismanagement?
Interestingly, in looking at our two top vote-getters this year -- David Neeleman and Jonathan Ornstein -- an overriding similarity is apparent. It's called "ego." Or perhaps more accurately, an excess of ego.
In both cases, I would argue, only an airline's board of directors is capable of righting this type of ship -- as neither David nor Jonathan was, or is, likely to step down of their own accord. Why? Because, in their mind, they hadn't, or haven't done anything wrong.
When I awarded the PlaneBusiness Ron Allen Award for Airline (Mis)Management to Independence Air CEO Kerry Skeen, the backdrop was strikingly similar. Rather than accept lower payments to fly for United Airlines, Kerry and Company decided they would "go it alone" and, well, off they went. Right off the history pages of the airline industry.
I think it could be argued that had the JetBlue board of directors not removed David Neeleman from his position last spring, JetBlue might well have met a similar fate.
But the board of directors at JetBlue did what a board of directors is supposed to do. I know, what a strange and unusual concept that is. It replaced its CEO, because it believed that he was no longer the right person to lead the airline.
Bravo to them.
Which brings us to this year's award winner (s).
This year the 2008 PlaneBusiness Ron Allen Airline (Mis) Management Award goes not to Jonathan Ornstein, but to the Mesa Air Group board of directors.
As the following charts show, Mesa Air Group, during 2007, significantly lagged its two regional peers, Republic Holdings and SkyWest in metric after metric after metric.
I might add that the results from 2007, in the case of Mesa, reflect a downward trend which began in 2006. In other words, no, this isn't just about the "Hawaiian" problem.
Why did we choose just Republic and SkyWest for our comparison?
Because, as of now, they are the two regional airline operations that are most similar to Mesa's. ExpressJet is essentially a one-airline contract carrier which now also has a small branded entity; Pinnacle, primarily a one-airline contract in-house carrier. Comair? An in-house entity owned by it's mothership. And so it goes.
Let's take a look at how Mesa Air Group performed across several metrics in 2007, compared to its two major regional competitors.
First, there is the stock price. As you can see, Mesa posted the poorest performance of the three -- by a longshot, as the stock was down more than 60% for the year.
Second, let's look at market value, year over year.
As you can see, the market values of SkyWest and Republic changed little during the year, while Mesa lost 70% of its market value.
We did a debt-ratio analysis of Mesa Air Group, comparing it to other major airlines back in November. Well, here is how the airline's debt/value ratio stacks up against its two major regional airline competitors. Mesa posts the highest debt ratio of the three.
In the regional airline industry, it's all about revenue growth. No growth, no stock appreciation. Shareholders are not going to be happy.
As you can see by this chart, Republic Holdings was where the growth was last year, as total sales increased 13% for the year. SkyWest saw revenues up more than 8%. Mesa? Only 3%.
Then there is operating income. Many analysts use this as the true measure of a company's financial health. It is also called operating profit or EBIT, earnings before interest and taxes.
It is with this metric that I think Mesa really shows its colors. And they are not bright and cheery ones. A decline of this size in operating income is a red flag for any company, much less an airline.
Finally, we have one last metric, return on invested capital. This is a calculation used to assess a company's potential as a quality investment. It indicates how well a company's management is able to allocate capital into its operations. Comparing a company's ROIC with its cost of capital (WACC) suggests how effectively invested capital is being used.
It is defined as net operating profit less adjusted taxes divided by invested capital and is usually expressed as a percentage, as you see below.
As you can see, Mesa once again dramatically lags its two major regional peers, as it actually posted a negative return on invested capital for the year.
Then there is the significant drop in the level of the airline's cash and short-term investments. Before Mesa Air Group began its folly in Hawaii, aka go!, the airline was sitting on more than $300 million in cash and short-term investments.
As of the end of 2007, the airline was down to $188 million in cash, marketable securities and debt investments. This amount included $97 million of restricted cash, $90 million of which covered an appeal bond posted in the Hawaiian Airlines case.
Now, my question to readers today is this -- given all of this financial performance information, why would a company's board of directors refuse to make a change in control at the top of the company? And hey, we haven't even talked about the specifics driving these numbers, such as: the millions of dollars lost on go!; operational problems with the airline's regional partners due to lack of crews; massive numbers of pilot departures; an embarrassing public trial in which the airline's CFO was found to have destroyed evidence while supposedly ridding his computer of a virus he claimed to have picked up when looking at internet porn, while its CEO looked ridiculous claiming under oath that "forestall" meant to "encourage"; and finally, the airline was found to have misused confidential information concerning a competitor, and was ordered to pay more than $80 million in damages and legal fees. No, we aren't talking about any of these items.
No, we're simply talking about hard and cold financial facts.
I suppose they may have their reasons, but prudent financial management and shareholder responsibility does not appear to be among them.
As for Mesa Air Group's CEO Jonathan Ornstein, he has already racked up a dubious award for the year, having snared the runner-up position in Herb Greenberg's "Worst CEO of the Year" competition at MarketWatch.
In addition, while Mr. Ornstein seems to be inordinately preoccupied with the airline's relatively tiny presence in Hawaii, he is also in charge of a much larger regional airline on the mainland that is not running very efficiently. And as US Airways COO Robert Isom said last week, there is nothing more expensive than running an inefficient airline.
Last month, United Airlines turned to ExpressJet to provide additional aircraft this month -- as United wanted to make sure it had enough 50-seat lift.
If I were a member of the Mesa Air Group board of directors, actions such as these by a major airline partner would be of great concern to me. Why? Because contracts between major airlines and their regional partners usually contain clauses that allow the major airline to cancel the contract for reasons of "non-performance."
But again, apparently this does not concern the Mesa Air Group board of directors.
Then there is the issue of Mesa pilots leaving the airline at historically high rates. The airline's continued high cancellation rates tend to confirm this problem -- suggesting that the airline is having problems putting together enough crews to man its contracted flights.
This problem shot to the public surface a little more than a week ago, after a Mesa pilot apparently quit, then turned over his logs and flight schedules to a television reporter based in Hawaii. This reporter was the same reporter who broke the story concerning the two go! pilots who apparently fell asleep while piloting their aircraft recently.
The FAA is now investigating the airline -- as a result of the recent incident involving the go! flight in which the two pilots apparently fell asleep.
But apparently the Mesa board of directors has no problem with any of this either.
Then there is Hawaii itself. The airline should be out of Hawaii. It never should have gone to Hawaii. The Hawaiian operation continues to lose millions of dollars -- but Mesa refuses to budge. This strikes me as one of those "you're not going to make me leave" stand-off where Mesa's shareholders, rather than its competitors, are going to pay the price in the long-run.
Leaving aside the issue of whether or not the airline should continue its Hawaiian operation there is the ugly truth of what happened in court there last fall.
The airline's CFO was found by the judge in the case to have destroyed evidence. It's CEO came across quite poorly in his testimony. And the judge determined that the airline had misused confidential information about one of its competitors as it made its plans to start up its go! operation.
Let's just stop and think about all this for a minute.
What if this case had involved the top management at American Airlines? What if this case had involved the top management of Delta Air Lines?
My point is that this was an extremely damaging situation. Both in terms of how the airline and its officers came across in public testimony -- and in terms of hard, tangible financial costs. Going forward, the airline faces the cost of an appeal in this case, and it still faces an anti-trust trial later this year involving Aloha Airlines -- a case that is based on a lot of the same information that was covered in the Hawaiian Airlines trial.
But again, apparently none of this troubles the Mesa Air Group board of directors.
Finally, two media-related notes. One, in October of last year, Jonathan Ornstein and Mesa Air Group sued me -- alleging that I had "defamed" the company and/or him in three PlaneBuzz blog posts. All three posts concerned the then-recent Hawaiian Airlines-Mesa trial in Hawaii.
Apparently, the Mesa Air Group board of directors has no problem with their CEO instigating meaningless SLAPP suits against members of the press who merely report factual information.
Apparently, they also don't have a problem with their CEO losing control with journalists either. Stacy Loe, reporter for a television station in Honolulu apparently called the airline for comments concerning the go! airliner that recently strayed off course. She was the one who broke the story, and she was following up on reports she had received concerning problems with Mesa scheduling and the issue of pilot rest. Jonathan personally talked to her.
According to Ms. Loe, "Ornstein threatened to sue if I went ahead with it [the story]. Swore at me several times. Then said the stuff about threatening a lawsuit is off the record. Had no comment to my inquiries and promptly hung up."
You would think that behavior like this from their CEO might concern the Mesa Air Group board of directors. Apparently not.
In fact, on November 20, 2007, the Mesa board of directors approved amendments to the employment agreements for CEO Jonathan Ornstein, its President and COO, Michael J. Lotz, and its SVP and General Counsel, Brian S. Gillman.
That's right. The agreements were extended.
The amendments to the employment agreements for Ornstein and Lotz consisted of extending the term of each employment agreement for an additional three years.
Links open in new browser window.
2008 PlaneBusiness Ron Allen Award: Mesa Air Group Board of Directors
As longtime subscribers to PlaneBusiness Banter are aware, every year we give an award to the airline CEO or, in two previous cases, a related group of individuals, who we feel have caused the greatest harm to their respective airlines during the previous year.
As I have for the last several years, I opened up the floor for nominations from the PlaneBusiness Banter subscriber base.
While Jonathan Ornstein, CEO of Mesa Air Group received the lionshare of votes, I will also say that both subscribers and I also agreed on a strong second-place contender. That second place nominee was David Neeleman, former CEO and current Chairman of JetBlue.
As one reader wrote, "Thank god that the JetBlue board did what it did, when it did. If it had not, I'm not sure the airline would still be flying."
Another reader added, "I figure he's a slam dunk winner. Let's face it, he's the only CEO that I can think of who got fired by his board last year. Too bad it was a couple years too late."
And so it went.
But comments like these made me consider another possibility. Just as was the case several years ago when I presented this award to the United Airlines board of directors, perhaps I needed to rethink just who was more worthy of the award this year -- was it the CEO, or was it a compliant board that apparently refuses to do what it needs to do in the face of increasingly negative financial and operational evidence of mismanagement?
Interestingly, in looking at our two top vote-getters this year -- David Neeleman and Jonathan Ornstein -- an overriding similarity is apparent. It's called "ego." Or perhaps more accurately, an excess of ego.
In both cases, I would argue, only an airline's board of directors is capable of righting this type of ship -- as neither David nor Jonathan was, or is, likely to step down of their own accord. Why? Because, in their mind, they hadn't, or haven't done anything wrong.
When I awarded the PlaneBusiness Ron Allen Award for Airline (Mis)Management to Independence Air CEO Kerry Skeen, the backdrop was strikingly similar. Rather than accept lower payments to fly for United Airlines, Kerry and Company decided they would "go it alone" and, well, off they went. Right off the history pages of the airline industry.
I think it could be argued that had the JetBlue board of directors not removed David Neeleman from his position last spring, JetBlue might well have met a similar fate.
But the board of directors at JetBlue did what a board of directors is supposed to do. I know, what a strange and unusual concept that is. It replaced its CEO, because it believed that he was no longer the right person to lead the airline.
Bravo to them.
Which brings us to this year's award winner (s).
This year the 2008 PlaneBusiness Ron Allen Airline (Mis) Management Award goes not to Jonathan Ornstein, but to the Mesa Air Group board of directors.
As the following charts show, Mesa Air Group, during 2007, significantly lagged its two regional peers, Republic Holdings and SkyWest in metric after metric after metric.
I might add that the results from 2007, in the case of Mesa, reflect a downward trend which began in 2006. In other words, no, this isn't just about the "Hawaiian" problem.
Why did we choose just Republic and SkyWest for our comparison?
Because, as of now, they are the two regional airline operations that are most similar to Mesa's. ExpressJet is essentially a one-airline contract carrier which now also has a small branded entity; Pinnacle, primarily a one-airline contract in-house carrier. Comair? An in-house entity owned by it's mothership. And so it goes.
Let's take a look at how Mesa Air Group performed across several metrics in 2007, compared to its two major regional competitors.
First, there is the stock price. As you can see, Mesa posted the poorest performance of the three -- by a longshot, as the stock was down more than 60% for the year.
Second, let's look at market value, year over year.
As you can see, the market values of SkyWest and Republic changed little during the year, while Mesa lost 70% of its market value.
We did a debt-ratio analysis of Mesa Air Group, comparing it to other major airlines back in November. Well, here is how the airline's debt/value ratio stacks up against its two major regional airline competitors. Mesa posts the highest debt ratio of the three.
In the regional airline industry, it's all about revenue growth. No growth, no stock appreciation. Shareholders are not going to be happy.
As you can see by this chart, Republic Holdings was where the growth was last year, as total sales increased 13% for the year. SkyWest saw revenues up more than 8%. Mesa? Only 3%.
Then there is operating income. Many analysts use this as the true measure of a company's financial health. It is also called operating profit or EBIT, earnings before interest and taxes.
It is with this metric that I think Mesa really shows its colors. And they are not bright and cheery ones. A decline of this size in operating income is a red flag for any company, much less an airline.
Finally, we have one last metric, return on invested capital. This is a calculation used to assess a company's potential as a quality investment. It indicates how well a company's management is able to allocate capital into its operations. Comparing a company's ROIC with its cost of capital (WACC) suggests how effectively invested capital is being used.
It is defined as net operating profit less adjusted taxes divided by invested capital and is usually expressed as a percentage, as you see below.
As you can see, Mesa once again dramatically lags its two major regional peers, as it actually posted a negative return on invested capital for the year.
Then there is the significant drop in the level of the airline's cash and short-term investments. Before Mesa Air Group began its folly in Hawaii, aka go!, the airline was sitting on more than $300 million in cash and short-term investments.
As of the end of 2007, the airline was down to $188 million in cash, marketable securities and debt investments. This amount included $97 million of restricted cash, $90 million of which covered an appeal bond posted in the Hawaiian Airlines case.
Now, my question to readers today is this -- given all of this financial performance information, why would a company's board of directors refuse to make a change in control at the top of the company? And hey, we haven't even talked about the specifics driving these numbers, such as: the millions of dollars lost on go!; operational problems with the airline's regional partners due to lack of crews; massive numbers of pilot departures; an embarrassing public trial in which the airline's CFO was found to have destroyed evidence while supposedly ridding his computer of a virus he claimed to have picked up when looking at internet porn, while its CEO looked ridiculous claiming under oath that "forestall" meant to "encourage"; and finally, the airline was found to have misused confidential information concerning a competitor, and was ordered to pay more than $80 million in damages and legal fees. No, we aren't talking about any of these items.
No, we're simply talking about hard and cold financial facts.
I suppose they may have their reasons, but prudent financial management and shareholder responsibility does not appear to be among them.
As for Mesa Air Group's CEO Jonathan Ornstein, he has already racked up a dubious award for the year, having snared the runner-up position in Herb Greenberg's "Worst CEO of the Year" competition at MarketWatch.
In addition, while Mr. Ornstein seems to be inordinately preoccupied with the airline's relatively tiny presence in Hawaii, he is also in charge of a much larger regional airline on the mainland that is not running very efficiently. And as US Airways COO Robert Isom said last week, there is nothing more expensive than running an inefficient airline.
Last month, United Airlines turned to ExpressJet to provide additional aircraft this month -- as United wanted to make sure it had enough 50-seat lift.
If I were a member of the Mesa Air Group board of directors, actions such as these by a major airline partner would be of great concern to me. Why? Because contracts between major airlines and their regional partners usually contain clauses that allow the major airline to cancel the contract for reasons of "non-performance."
But again, apparently this does not concern the Mesa Air Group board of directors.
Then there is the issue of Mesa pilots leaving the airline at historically high rates. The airline's continued high cancellation rates tend to confirm this problem -- suggesting that the airline is having problems putting together enough crews to man its contracted flights.
This problem shot to the public surface a little more than a week ago, after a Mesa pilot apparently quit, then turned over his logs and flight schedules to a television reporter based in Hawaii. This reporter was the same reporter who broke the story concerning the two go! pilots who apparently fell asleep while piloting their aircraft recently.
The FAA is now investigating the airline -- as a result of the recent incident involving the go! flight in which the two pilots apparently fell asleep.
But apparently the Mesa board of directors has no problem with any of this either.
Then there is Hawaii itself. The airline should be out of Hawaii. It never should have gone to Hawaii. The Hawaiian operation continues to lose millions of dollars -- but Mesa refuses to budge. This strikes me as one of those "you're not going to make me leave" stand-off where Mesa's shareholders, rather than its competitors, are going to pay the price in the long-run.
Leaving aside the issue of whether or not the airline should continue its Hawaiian operation there is the ugly truth of what happened in court there last fall.
The airline's CFO was found by the judge in the case to have destroyed evidence. It's CEO came across quite poorly in his testimony. And the judge determined that the airline had misused confidential information about one of its competitors as it made its plans to start up its go! operation.
Let's just stop and think about all this for a minute.
What if this case had involved the top management at American Airlines? What if this case had involved the top management of Delta Air Lines?
My point is that this was an extremely damaging situation. Both in terms of how the airline and its officers came across in public testimony -- and in terms of hard, tangible financial costs. Going forward, the airline faces the cost of an appeal in this case, and it still faces an anti-trust trial later this year involving Aloha Airlines -- a case that is based on a lot of the same information that was covered in the Hawaiian Airlines trial.
But again, apparently none of this troubles the Mesa Air Group board of directors.
Finally, two media-related notes. One, in October of last year, Jonathan Ornstein and Mesa Air Group sued me -- alleging that I had "defamed" the company and/or him in three PlaneBuzz blog posts. All three posts concerned the then-recent Hawaiian Airlines-Mesa trial in Hawaii.
Apparently, the Mesa Air Group board of directors has no problem with their CEO instigating meaningless SLAPP suits against members of the press who merely report factual information.
Apparently, they also don't have a problem with their CEO losing control with journalists either. Stacy Loe, reporter for a television station in Honolulu apparently called the airline for comments concerning the go! airliner that recently strayed off course. She was the one who broke the story, and she was following up on reports she had received concerning problems with Mesa scheduling and the issue of pilot rest. Jonathan personally talked to her.
According to Ms. Loe, "Ornstein threatened to sue if I went ahead with it [the story]. Swore at me several times. Then said the stuff about threatening a lawsuit is off the record. Had no comment to my inquiries and promptly hung up."
You would think that behavior like this from their CEO might concern the Mesa Air Group board of directors. Apparently not.
In fact, on November 20, 2007, the Mesa board of directors approved amendments to the employment agreements for CEO Jonathan Ornstein, its President and COO, Michael J. Lotz, and its SVP and General Counsel, Brian S. Gillman.
That's right. The agreements were extended.
The amendments to the employment agreements for Ornstein and Lotz consisted of extending the term of each employment agreement for an additional three years.
04-08-2008, 03:59 PM
#4
Line Holder
Thread Starter
Joined APC: Dec 2007
Posts: 32
Gillman's employment agreement was similarly extended for an additional three years. He also received an increase in his base salary to $190,000 and is now entitled to an annual deferred compensation payment of $50,000, which will also be payable through the remaining term of his employment agreement in the event of a change in control of the company.
Also, it is important to note that Jonathan Ornstein and Mike Lotz already enjoyed the most lucrative severance/change of control package in the regional industry.
The Responsibility of a Board of Directors
What is the responsibility of a public company's board of directors? The primary responsibility of the board of directors of any company is to protect the shareholders' assets and do their best to ensure they receive a decent return on their investment.
We would argue that given the financial metrics posted by Mesa Air Group in 2007, the Mesa Air Group board of directors has not performed its task.
So -- for neglecting and or/foregoing their fiduciary responsibility to the shareholders of Mesa Air Group -- we award the 2008 PlaneBusiness Ron Allen Airline (Mis) Management Award to the following individuals who comprise the board of directors at Mesa Air Group.
Daniel Altobello
Lead Director; Member of the Compensation Committee
Retired Chairman of LSG/Sky Chefs Onex Food Services, Inc.
Peter F. Nostrand
Director; Chairman of the Compensation Committee and Member of the Audit Committee
Chairman Emeritus of SunTrust, Greater Washington
Maurice Parker
Director
Executive Director, Regional Aviation Partners
Robert Beleson
Director; Chairman of the Nominating & Corporate Governance Committee and Member of the Audit Committee
Chief Executive Officer of Christiana Spirits International
Joseph L. Manson
Director; Member of the Nominating & Corporate Governance Committee
Partner, Baker & Hostetler, LLP
Carlos Bonilla
Director; Member of the Compensation Committee
Senior Vice President, The Washington Group
Richard Thayer
Director; Chairman of the Audit Committee and Member of the Nominating & Corporate Governance Committee
Executive Vice President, Finance at Philadelphia Media Holdings LLC and its subsidiary Philadelphia Newspapers LLC
Take a bow gentlemen. Your honor is well-deserved.
Also, it is important to note that Jonathan Ornstein and Mike Lotz already enjoyed the most lucrative severance/change of control package in the regional industry.
The Responsibility of a Board of Directors
What is the responsibility of a public company's board of directors? The primary responsibility of the board of directors of any company is to protect the shareholders' assets and do their best to ensure they receive a decent return on their investment.
We would argue that given the financial metrics posted by Mesa Air Group in 2007, the Mesa Air Group board of directors has not performed its task.
So -- for neglecting and or/foregoing their fiduciary responsibility to the shareholders of Mesa Air Group -- we award the 2008 PlaneBusiness Ron Allen Airline (Mis) Management Award to the following individuals who comprise the board of directors at Mesa Air Group.
Daniel Altobello
Lead Director; Member of the Compensation Committee
Retired Chairman of LSG/Sky Chefs Onex Food Services, Inc.
Peter F. Nostrand
Director; Chairman of the Compensation Committee and Member of the Audit Committee
Chairman Emeritus of SunTrust, Greater Washington
Maurice Parker
Director
Executive Director, Regional Aviation Partners
Robert Beleson
Director; Chairman of the Nominating & Corporate Governance Committee and Member of the Audit Committee
Chief Executive Officer of Christiana Spirits International
Joseph L. Manson
Director; Member of the Nominating & Corporate Governance Committee
Partner, Baker & Hostetler, LLP
Carlos Bonilla
Director; Member of the Compensation Committee
Senior Vice President, The Washington Group
Richard Thayer
Director; Chairman of the Audit Committee and Member of the Nominating & Corporate Governance Committee
Executive Vice President, Finance at Philadelphia Media Holdings LLC and its subsidiary Philadelphia Newspapers LLC
Take a bow gentlemen. Your honor is well-deserved.
04-08-2008, 05:00 PM
#8
Gets Weekends Off
Joined APC: Nov 2006
Posts: 439
Originally Posted by ERJ Driver
This report leaves out the recent threat by Delta to end our code share contract.
What do you feel is going to happen in the short term. Do you get any company memos that give you insight or propaganda?
I am sure this is starting to be a burden hanging over your head.
Just seeing if you would give your personal thoughts.
I am sure me and rest of us wish you the best of luck, and I am not looking forward to the day that you and and co-workers are out of work, but at the same time just like to pick you brain and see what it looks like on the inside.
If you do not want to invest the time into this post, be all means dont, I would not be offended by that at all.
Take Care
Reeves
04-08-2008, 05:02 PM
#9
Gets Weekends Off
Joined APC: Apr 2008
Position: A320 FO
Posts: 281
Originally Posted by reevesofskyking
I am just curious to your mindset.
What do you feel is going to happen in the short term. Do you get any company memos that give you insight or propaganda?
I am sure this is starting to be a burden hanging over your head.
Just seeing if you would give your personal thoughts.
I am sure me and rest of us wish you the best of luck, and I am not looking forward to the day that you and and co-workers are out of work, but at the same time just like to pick you brain and see what it looks like on the inside.
If you do not want to invest the time into this post, be all means dont, I would not be offended by that at all.
Take Care
Reeves
What do you feel is going to happen in the short term. Do you get any company memos that give you insight or propaganda?
I am sure this is starting to be a burden hanging over your head.
Just seeing if you would give your personal thoughts.
I am sure me and rest of us wish you the best of luck, and I am not looking forward to the day that you and and co-workers are out of work, but at the same time just like to pick you brain and see what it looks like on the inside.
If you do not want to invest the time into this post, be all means dont, I would not be offended by that at all.
Take Care
Reeves
04-08-2008, 07:32 PM
#10
Gets Weekends Off
Joined APC: Feb 2006
Position: left seat regional
Posts: 146
WOW. After reading that its apparent you CAN"T make this stuff up!! It reads like a cheezy late night TV drama or something. Jerks like JO don't always get whats coming to them at the right time but I have a feeling that things will eventually catch up to him - unfortunately he's already done a fine job lining his nest and sqandering sharholders investment dollars and dare I say working hard to ruin the lives of the employees that worked hard to earn his bonuses. I really feel for all the mesa employees except for the ones who have directely enabled the BOD and JO on their "airline experiment." I hope mesa dies a quick death and all those who deserve it find greener pastures.
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