FlyerTalk Forums - View Single Post - I know its been discussed, but what in the heck happened to Jetblue
Old Mar 19, 2022 | 6:03 pm
  #15  
Boraxo
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Originally Posted by nsx
Not commenting on B6, but we have seen in many industries a fetish for cost cutting. In practice, this usually amounts to spending down the former excellence of the company. The cost-cutting CEO is praised. The employees can see that short-termism is a mistake. Only later is the damage appreciated by stockholders.GE is a prime example.
+1 Blame the Wall Street hedge funds who threaten management any time a company dares to provide raises to its employees or excellent service to its customers. Many companies like B6 start well and excel by providing a better product, but eventually they get beaten down. You see it in every industry.
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