A Senator sues LH because of increased "miles prices"
Apr 19, 2012, 6:32 am
#152
Join Date: Aug 2004
Location: OSL/IAH/ZRH (time, not preference)
Programs: UA1K, LH GM, AA EXP->GM
Posts: 38,265
Sure the new DL and UA are quite elite hostile and they certainly do lie to the elites and play childish tricks but they never did anything on the scale of Lufthansa's venture here.
But maybe LH is just a style leader of things to come in the airline industry.
Apr 20, 2012, 4:10 am
#153
FlyerTalk Evangelist
Join Date: Jun 2005
Location: Point Place, Wisconsin
Programs: LH HON, BA Gold, EK Gold
Posts: 14,505
Here is Prof. Dr. Eggendorf's motion for the upcoming annual shareholder meeting:
http://investor-relations.lufthansa....enantrag-B.pdf
Should be a good show!
http://investor-relations.lufthansa....enantrag-B.pdf
Should be a good show!
Apr 20, 2012, 5:18 am
#154
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,203
This will turn out to be a freak show similar to the guys who protest each year because LH transports deportees who failed to get the asylum approved 
. While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.
. While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.
Apr 20, 2012, 7:11 am
#155
Join Date: Apr 2005
Programs: Hyatt Lifetime Globalist, SQ PPS Solitaire
Posts: 3,600
This will turn out to be a freak show similar to the guys who protest each year because LH transports deportees who failed to get the asylum approved . While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.
. While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.Eggendorfer is not asking to 'remove' the CEO as suggested, he is just asking to 'postpone' the decision to make sure the general assembly has all relevant information before approving Franz last 12 months in the office.
'Fraud' is a serious offense and if the e-mail is genuine, LH senior management has a problem for sure - including the CEO.
This whole thing is damaging Franz more and more. What is worse is that he has not learned his lessons from Miles&Less in Switzerland.
http://www.meilenschwund.de
Apr 20, 2012, 7:30 am
#156
Join Date: Dec 2001
Location: hamburg
Posts: 1,390
?
This will turn out to be a freak show similar to the guys who protest each year because LH transports deportees who failed to get the asylum approved . While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.
. While the application of the other guy to remove PwC has some basis, a shareholder who is suing the company cannot ask the CEO to be removed because he acted in a certain way in response to his lawsuit.i could not find any part indicating there has been any notion of having the CEO removed...
Apr 20, 2012, 8:22 am
#157
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,203
If the AGM doesn't resolve to approve the motion 'Entlastung des Vorstandes' then it means they have a serious problem with the management of the corporation which normally means that the CEO who is responsible for the actions of the Board is not trusted by the shareholders to perform his duties correctly. Or is my understanding on how german corporate law works wrong?
Apr 20, 2012, 9:49 am
#158
Join Date: Dec 2001
Location: hamburg
Posts: 1,390
Apr 20, 2012, 9:58 am
#160
Join Date: Nov 2000
Posts: 1,941
I was curious to see what this last round of devaluations would do to me regarding my loyalty to Lufthansa. On previous occasions, I had always returned quickly to LH (for convenience, a still superior total program, etc.).
This time it could be that my loyalty is actually broken. Today I have been looking through my flights since Jan 2012. For those flights where Lufthansa would have been an option, I booked LH group only 40% of times (previously it would have been 90%). Amazing, I am finally "free", it seems. And BA, EY and WY have a great product too, I found.
This time it could be that my loyalty is actually broken. Today I have been looking through my flights since Jan 2012. For those flights where Lufthansa would have been an option, I booked LH group only 40% of times (previously it would have been 90%). Amazing, I am finally "free", it seems. And BA, EY and WY have a great product too, I found.
Apr 20, 2012, 10:04 am
#162
Join Date: Nov 2000
Posts: 1,941
My gut feel is nobody will stumble here. There must be many examples from other airlines (who I doubt reserve miles at 2.7c or similar). It will most likely all come down to the discovery of a huge spread between ask- and bid-prices ...
Apr 20, 2012, 5:36 pm
#163
Join Date: Apr 2005
Programs: Hyatt Lifetime Globalist, SQ PPS Solitaire
Posts: 3,600
Our Senior Moderator needs a Lufthansa break of not less then 12 months. And that should include not moderating this forum as well.
Apr 21, 2012, 1:46 am
#164
Join Date: Nov 2008
Programs: Disgruntled HON**, Indifferent EK Gold, skeptical BA Silver
Posts: 1,734
Second, if an AGM decides not to relief the board for the past financial period, unless there is a technical reason (in these cases the board suggests that themselves), against the motion of the board...any CEO would take it as what it is, a massive criticism and step down.
Apr 21, 2012, 1:57 am
#165
Join Date: Dec 2001
Location: hamburg
Posts: 1,390
First of all, this is for PR, the vast majority at the AGM is accounted for.
Second, if an AGM decides not to relief the board for the past financial period, unless there is a technical reason (in these cases the board suggests that themselves), against the motion of the board...any CEO would take it as what it is, a massive criticism and step down.
Second, if an AGM decides not to relief the board for the past financial period, unless there is a technical reason (in these cases the board suggests that themselves), against the motion of the board...any CEO would take it as what it is, a massive criticism and step down.