Quote:
Originally Posted by Martin404
CFO resigns 1 week before earnings conference call and not a peep out of CNBC on the issue. (I watched or listened most of the day.) Jetblue must be putting a big muzzel on the press.
90 min after the above press release the company comes out and says they knew about his departure. Really? Why not wait two weeks and come out with quiet "He's going to spend time with his family" and "Won't be leaving until the end of the year to provide a smooth transition" type of press release. No, it's he's out of here!
The guy quit....
Going to be a great call next week!
Marty!!
I thought this thread was about AMR, but I will take a stab at answering your post. I have absolutely no facts to confirm this post, so this is total speculation. That being said, I think the earnings call will be much better than you think. My guess (and again this is a guess) is that the CFO has been shopping for a higher paying corporate gig and was hoping JetBlue would give him a big paycheck for his success in getting the finances at B6 to be one of the best balance sheets in the industry.
B6 has been very successful at keeping managements pay, fair and reasonable. It is one of the reasons IMO that the airline has stayed non-union. You just don't see a bunch of management types at B6 with the big fat "legacy" style bonus checks going to management, and my guess is he wanted more money, but was respectfully turned down. Again, just a guess not based on fact, but isn't that most of what is discussed here anyway
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