Originally Posted by
lobo411
Because shareholders don't matter. Corporations are run by and for management.
What a bizarre assertion.
Originally Posted by
newyorkgeorge
At this point Parker's tenure looks awfully unsafe. He has a very limited time to improve the airline's core operating performance. I would think a summer of operational problems, and therefore added costs could be the death knell for him.
United was a train wreck under Smisek for years, 2010-2015 (remember: "This airline is all Jeff'd up?"), but he was only ousted when his role in the Port Authority corruption scandal came to light. Sleepy captive BODs are slow to act even when the KPIs are terrible.
Parker has presided over HP d/b/a US+AA for only five years. He is not the only guy in this industry better at founding things and making deals than running things (cf. Neeleman). But while AA is a train wreck to rival UA in the first half of this decade, that does not lead automatically to a leadership change.