Don’t forget to thank Robin Hayes
#21
Prime Minister/Moderator

Joined: Jan 2006
Posts: 45,120
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From: Engines Turn or People Swim
To their credit, AS managers played the timing exquisitely, and made all the right noises to leverage the political situation. Maybe they just stumbled into it, but given how many landmines they navigated I tend to give them the BOD.
#22
Beef Chicken or Pasta
Joined: May 2021
Posts: 197
Likes: 260
Not wanting to turn this thread political, but it went much further than the DOJ. An entire side of the political aisle were publicly lobbying to stop the merger, celebrated when the government sued, and threw a party when it was blocked.
#23
Employee sentiment had nothing to do with JetBlue. It was an unsolicited offer than had to go to a shareholder vote. A few pilots here and there with a collective insignificant amount of shares had zero influence. The .10 per share monthly dividend for fast money is what the hedgefunders and their millions of votes were after, and Robin Hayes knew it.
#24
Better would have been the current administration's attempt to own 90% of an airline. That's some real Thomas Sowell conservative free market stuff.
#25
Beef Chicken or Pasta
Joined: May 2021
Posts: 197
Likes: 260
#26
Line Holder
Joined: Mar 2012
Posts: 1,168
Likes: 26
#27
Line Holder
Joined: Mar 2012
Posts: 1,168
Likes: 26
#28
110 million shares 45% owned by institutions, roughly 55% was retail. Only 50% of available shares had a vote attached, and you can be sure most of those were from institutional investors. Sentiment of the pilots and union meant nothing. The institutions were going to get the outcome they wanted.
#29
On Reserve
Joined: Sep 2009
Posts: 59
Likes: 5
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