Community
Wiki Posts
Search

Delta to name Richard Anderson new CEO

 
Thread Tools
 
Search this Thread
 
Old Aug 22, 2007, 2:37 pm
  #76  
Suspended
 
Join Date: Jun 2005
Programs: Continental Gold Elite, United Premier Executive
Posts: 6,766
I have yet to see a single criticism of Anderson or merger speculation posted here that's based on past history or stated future plans by any party involved. In fact, Anderson's past management experience at CO and NW, and Delta's moves during bankruptcy STRONGLY suggest that Delta will focus heavily on outright boosting customer service levels, and studiously avoiding any effort by the starry-eyed to force a merger with another airline that would poison labor relations and stifle the airline's plans for internal growth and product enhancement for the next 10 years (witness US/HP).
HeathrowGuy is offline  
Old Aug 22, 2007, 3:46 pm
  #77  
 
Join Date: Sep 2002
Location: Blue Ridge, GA
Posts: 5,512
With current valuation below what US Airways offered for Delta, the airline would almost have to consider a deal with another carrier to increase shareholder value.

Calyon Securities analyst Ray Neidl increased his rating on Delta Air Lines to add from neutral. Neidl says Delta is probably more likely to be a seller than a buyer and its system would fit well with Northwest and UA, particularly due to those carriers' strong Pacific operations. - Dow Jones' Marketwatch
LegalTender is offline  
Old Aug 22, 2007, 5:25 pm
  #78  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: IND
Programs: DL PM & 2MM™, Lifetime HHonors Diamond
Posts: 20,889
Originally Posted by crazygrow
Really, his job shouldn't be that hard. Continue with the current plan.
The "current plan" can only last so long. That has been one of the troubles of the airline industry as a whole is they are too slow to react to the market forces.
indufan is offline  
Old Aug 22, 2007, 5:32 pm
  #79  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: IND
Programs: DL PM & 2MM™, Lifetime HHonors Diamond
Posts: 20,889
Originally Posted by Lehava
The two internal candidates both had a lot of loyal friends, and co-workers. With either of them you were really looking at more of teams that would be running the organization. Now you have a single person with no ties to those already there, that almost always leads to a lot of changes. What is the phrase "a new broom sweeps clean"
So, I am confused. If candidate A (in theory) was 10,000 % better than candidate B should B get a job because he has "a lot of loyal friends and co-workers"?

Originally Posted by Lehava
As for him not having completed a day yet, you say that as if he just landed on the planet. He has history, no not at Delta, but in the industry. Mine and I believe others comments are based on our view of that history.
Specifically, what did Oscar do bad at NW? I am really willing to listen to you and despise the man if that is justified.

What if he brings service back to BGM?
indufan is offline  
Old Aug 22, 2007, 5:39 pm
  #80  
 
Join Date: Dec 2004
Location: Ireland, UnderH20, AUA, Brooklyn
Programs: Delta Charter KM, DM180, RW, DM, SC, SkyBonus; HH Diamond, IHG Plt Amb, Global Ent, TWIC
Posts: 2,191
Having been out of town and just getting the news, I am saddened by the potential loss of Jim. I held him in great regard 9especially with his brutal honesty at the Velvet Rope Tour) but as others have said, it was most likely lack of experience that led to this decison. If he does leave, I have no doubt that he will get great offers.

On the other hand, Dan Carp was well regarded at Kodak and known for promoting within though sometimes not in Kodak's best interests. If he had any significant part in the decison, I would trust his judgement until events prove otherwise.

In the near term, I sincerely hope the bean counters back off and let DL continue on its recovery.

Last edited by jackplum; Aug 22, 2007 at 6:09 pm
jackplum is offline  
Old Aug 22, 2007, 5:45 pm
  #81  
 
Join Date: Feb 2007
Location: NYC
Programs: AA Platinum; US Gold; DL Silver
Posts: 941
The bit about the "US deal being worth more than Delta's current valuation" ignores the fact that over half the deal was in US stock -- and US stock is trading MUCH lower than it was when Parker made his offer for Delta. Had Delta's creditors sold to US and held the stock for eight months, their investment would overall have had LESS value than Delta's present valuation due to US Airways' stock slide.

Right now, I think Delta can (and will) make it as an independent carrier. Strong profits, a good network, a tight operational ship, and a revitalized branding campaign are all good signs. At this point, I think they're well-positioned. A UAL or NWA merger would only mix all sorts of labor, fleet and cost problems (and a bunch of redundant hubs/routes) into the mix. And I don't think either UA or NW are as well-run operationally (or pleasant to fly).
FrequentHopper is offline  
Old Aug 22, 2007, 5:55 pm
  #82  
 
Join Date: Sep 2003
Location: VPS
Programs: DL DM/2MM, Etihad Gold, HHonors Diamond, SPG Gold
Posts: 4,787
Originally Posted by Lehava
The two internal candidates both had a lot of loyal friends, and co-workers. With either of them you were really looking at more of teams that would be running the organization. Now you have a single person with no ties to those already there, that almost always leads to a lot of changes.
It sounds like you are describing a cult of personality...and those are rarely beneficial inside an organization. Those great folks, whose loss you are already lamenting, should be more loyal to Delta than to any one individual within.
DLfan is offline  
Old Aug 23, 2007, 11:15 am
  #83  
FlyerTalk Evangelist
 
Join Date: May 2001
Location: LAX; AA EXP, MM; HH Gold
Posts: 31,789
Originally Posted by FrequentHopper
The bit about the "US deal being worth more than Delta's current valuation" ignores the fact that over half the deal was in US stock -- and US stock is trading MUCH lower than it was when Parker made his offer for Delta. Had Delta's creditors sold to US and held the stock for eight months, their investment would overall have had LESS value than Delta's present valuation due to US Airways' stock slide.
How do you know that? For all we know, a combined US/DL might today be worth much more than the separate valuations of US and DL. You appear to think that US stock would have declined even if it had bought DL. Dunno from where you draw evidence of that.

You may be right; nearly every airline stock peaked in January and most have fallen off a cliff since then (CAL, AMR, UAUA, etc). But then again, it might have turned out much differently.
FWAAA is offline  
Old Aug 23, 2007, 2:35 pm
  #84  
 
Join Date: Oct 2006
Location: SLC
Programs: DL GM, UA, CO, HH, PP
Posts: 548
Originally Posted by FWAAA
How do you know that? For all we know, a combined US/DL might today be worth much more than the separate valuations of US and DL. You appear to think that US stock would have declined even if it had bought DL. Dunno from where you draw evidence of that.

You may be right; nearly every airline stock peaked in January and most have fallen off a cliff since then (CAL, AMR, UAUA, etc). But then again, it might have turned out much differently.
Keep in mind that had the US/DL merger been approved, it would still be going on and DL would likely still be in BK court. Most likely this would be view as an albatross around the neck of US stock and it would be even lower today. Then again who knows. That is the risk of a largely stock offered merger.
scassett is offline  
Old Aug 23, 2007, 5:07 pm
  #85  
 
Join Date: Jan 2005
Location: BOS
Programs: DL PM, Hilton Plat, Amtrak Select
Posts: 321
Originally Posted by jimrpa
Seriously, I think it's reasonable to give him the benefit of the doubt.
What he said Yes I am disappointed that Whitehurst didn't make the cut, given his role in DL's emergence from Ch7. But Anderson needs to be given a chance to demonstrate his leadership in New DL. I'm willing to support him, observe what happens in the next few months as a pax, and re-evaluate after he has had a chance to settle in.

As for the motives of DL BOD, whether or not the selection was in some way to settle a score with Grinstein...bah, humbug A responsible BOD doesn't make decisions that way. For now I trust its decision, with the attitude ole' Ronnie Reagan had in a different circumstance: "Trust, but verify"
marais is offline  
Old Aug 23, 2007, 8:19 pm
  #86  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: IND
Programs: DL PM & 2MM™, Lifetime HHonors Diamond
Posts: 20,889
Originally Posted by marais
What he said Yes I am disappointed that Whitehurst didn't make the cut, given his role in DL's emergence from Ch7.
No one emerges from Chapter 7...that's liquidation. Delta was in Chapter 11 bankruptcy.
indufan is offline  
Old Aug 24, 2007, 5:40 am
  #87  
 
Join Date: Jul 2007
Location: DfwRes
Programs: S3
Posts: 425
BK and the US merger attempt and the Top Brass influence in rallying employee support when all hope seemed lost, and then foregoing windfall bonuses and inturn handing payouts to the frontline. There's a natural tendency for us to be disappointed when a man who shared in none of that get's to reap the rewards of what seems to be someone else's hard work and sacrifice.

If he works out great, but it's slap in the face of two fine gentleman who probably hoped privately and deservedly for a better return
SLC777RES is offline  
Old Aug 24, 2007, 7:17 am
  #88  
Suspended
 
Join Date: Jun 2005
Programs: Continental Gold Elite, United Premier Executive
Posts: 6,766
Originally Posted by SLC777RES
If he works out great, but it's slap in the face of two fine gentleman who probably hoped privately and deservedly for a better return
It really is no such thing - Bastian got a promotion to President and Whitehurst will get a few million as a parting gift once he finalizes his next move.
HeathrowGuy is offline  
Old Aug 24, 2007, 7:32 am
  #89  
 
Join Date: Jul 2007
Location: DfwRes
Programs: S3
Posts: 425
Originally Posted by HeathrowGuy
It really is no such thing - Bastian got a promotion to President and Whitehurst will get a few million as a parting gift once he finalizes his next move.
Valid point, but I'm sure Whitehurst would have preffered staying on as either CEO or President over a couple mil and CEO of Virgin
SLC777RES is offline  
Old Aug 24, 2007, 11:58 am
  #90  
 
Join Date: Sep 2003
Location: VPS
Programs: DL DM/2MM, Etihad Gold, HHonors Diamond, SPG Gold
Posts: 4,787
Originally Posted by SLC777RES
Valid point, but I'm sure Whitehurst would have preffered staying on as either CEO or President over a couple mil and CEO of Virgin
And why can't he stay? If he's really a loyal Deltoid, he'll put his ego aside and keep doing what he does well for the company. If he's been quoted (and I don't know for sure if he has) as threatening to leave if not promoted, then that takes a little luster off his shine, too.

Are you leaving (or even considering it), too?
DLfan is offline  


Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.