I don't disagree with you. This is not a good sign. However does Pinnacle even pay for their own gas? I thought Regionals just paid for the APU usage or something. I could see Delta try to start pulling 200 flying.

 

Doug Steenland. He left the DAL Board last month and is available :O(

 

I dont think he would just be leaving if bad times were ahead. This guy is a master at getting productivity out of his employees in bad times. The board of directors would want him to stay until the end and then give him a golden parachute. We did not have a contract for 5 years and lead the industry in performance for a good majority of that time. I think its either one of three things.
1. He has been offered an upper management position with a legacy carrier (probably Delta) which would leave pinnacle with a good relationship with that carrier.
2. He was forced out becuase our stock price is still way down and our performance has sucked so bad because of lack of staffing.
3. He just simply wants to try something new. We dont want to be regional pilots, maybe he just does not want to be a regional ceo anymore.


The real story will come out when the new CEO is named. If it is someone promising then we are good. If it is someone like Doug Steenland who is brought in to put the company in bankruptcy and then leave, then we are all F'ed.
No matter what though - ANYONE BUT SHOCKEY!!!!!!!

 

Was Phil the guy who was good buddies with Richard Anderson?

 

Trenary was most likely terminated by the board. Anytime a CEO leaves with no replacement in the wings to "pursue other interests" they are fired. They gave him two weeks to be nice. He would be leaving on his own accord if he gave six months notice until a CEO was chosen and brought up to speed. But as been stated before, anything is better than Shockey.

 

He is staying on for a year as a consultant until the new CEO is found.

 

DAL is right. And a CEO doesn't leave under their own volition when the future is as bright as all the B.S. memos say it is. Excuse me for not getting a warm and fuzzy when Phil emphasized that our DCI flying is safe due to the time remaining on our contracts.

 

Staying on as a paid consultant is typical for CEOs. Terms vary but most go from 1-5 years. Part of the thing called a Golden Parachute. Do well - get rewarded. Do poor - still get rewarded.

He took Pinnacle from the back waters of the Mississippi delta and made them a player. Along the way he rewrote the book on extracting maximum cost efficiencies from an already dried turnip, suffered two fatal accidents due to crew deficiency and dragged out contract negotiations for what has to be a new record - six years! While Pinnacle could be argued to have flourished under his tenure, I'd hardly say he was a good CEO. I think he was out of his league personally. He went to Pinnacle from Lonestar airlines. They had about 10 turboprops and went Tango Uniform 10 years ago. He just happened to be at the right place at the right time. Now they need Shockey to go.

Trenary and Shockey never seemed to promote the best and the brightest. Only safe yes men who would tell them what they wanted and needed to hear. Anyone of worth scared them and either moved on or were booted.

 

"Meet the new boss, same as the old boss..." and the merry-go-round goes round and round...

 

This is anybody's guess as leaving for a better deal or getting thrown out. Don't think this is a good deal or a bad deal for anyone just a change. Hopefully for the better.