Article: Why United's Jeff Smisek is the worst CEO in the Business
May 4, 2014, 3:30 pm
#46
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Yes - unfortunately this is most certainly how the stock market works today. I used to work for one of the largest instutitions on Wall street and now work in private equity. This is nothing new - it's just not as widely known as it should be LOL! And this is most certainly not the thread for it as you correctly point out!
May 4, 2014, 3:38 pm
#47
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If you wanted to start a thread about how to assess the meaning of changes in airline's stock pricing, that might be interesting (or not). I take it from your argument that you would want to refute all of the arguments we see in this forum about how the underperformance of UA stock, relative to its peers, indicates a problem with UA's leadership? You think it's meaningless, or worse?
May 4, 2014, 3:53 pm
#48
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No, the stock price has gone up since he came on board, and some of this was done by cutting out cost areas, such as food, service items, etc.. Thus, with the rising stock price and his buying more stock he raises his value.
May 4, 2014, 4:08 pm
#50
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A fair assessment of present but how many profit losses will the BOD take?
Originally Posted by sanfran8080
Jeff isn't going anywhere. All this is just coffee house talk. I'll be the first one to celebrate if I'm wrong and hire someone with leadership skills and values the 1Ks.
May 4, 2014, 4:14 pm
#51
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United lost money in 1Q2014, but that was just one quarter. United posted a full-year profit in 2013. If United continues to lose money this year, the BoD may take action.
May 4, 2014, 4:24 pm
#53
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*sigh* another me-too United-bashing article. Yes, United sucks at times, but it's a race to the bottom for all domestic airline service. United may be in the lead, but they are all headed there. People who want cheap airfares need to lower their expectations.
And for crying out loud, if you are going to bring a gaggle of teens on an airplane for a long flight, bring food for them.
bt
And for crying out loud, if you are going to bring a gaggle of teens on an airplane for a long flight, bring food for them.
bt
May 4, 2014, 4:39 pm
#54
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There's a reason UA was $1B behind those airlines in earnings last quarter.
May 4, 2014, 4:46 pm
#56
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May 4, 2014, 4:51 pm
#57
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A terrible article by a clueless blogger, rife with factual inaccuracies and anonymous, unverifiable assertions. Sad that it even got posted here, really.
May 4, 2014, 4:52 pm
#58
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May 4, 2014, 4:52 pm
#59
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I didn't see any factual inaccuracy in his article. The Smisek cheerleading squad is sure up in arms over it, but that goes for every thread where UA's performance is the subject.
In what respect(s) is AA worse, exactly? is it the 100% upgrade rates among EXPs or the substantially better domestic meals, and wi-fi across the fleet?
Well, the 762s are retired now, I believe. I enjoyed the plane very much as it was an easy upgrade, spacious, and they've had wifi for ages. They are now using A321s on transcons (far nicer than PS, both hard/soft product).
Have you flown them recently?
I'll give you DL - vast improvements, but alas, no frequent flyer program
AA... cmon... seriously... its just as bad, if not worse than UA. They just happen to be better at making money (at the moment)
AA... cmon... seriously... its just as bad, if not worse than UA. They just happen to be better at making money (at the moment)
I only flew 6 AA flights recently up front.
Yes, MIA-LAX, very unimpressed on the 777, pretty bad seat, also on the 762 LAX-JFK. Both planes were disgustingly dirty, I have pictures of old kleenexes from between the window and seat. The food was just as uninspired as domestic UA 3 class F would be.
Dont even get me started on the horrible condition of the old 757s on LAX-KOA-LAX that looked like they were from 1975, falling apart, old pleather yellow seats, with pen marks, and broken footrests
JFK-MIA - cancelled while already on the plane, a clusterf in IRROPS, no flexibility, lied about how its weather with clear skies in JFK and everything else taking off
One other flight, ORD-YYZ, delayed indefinitely and finally cancelled - no flexibility in rebooking (and I have BA/CX/AS status).
I do like their preorder meal idea though, and the flagship lounges in MIA/LAX were great.
Yes, MIA-LAX, very unimpressed on the 777, pretty bad seat, also on the 762 LAX-JFK. Both planes were disgustingly dirty, I have pictures of old kleenexes from between the window and seat. The food was just as uninspired as domestic UA 3 class F would be.
Dont even get me started on the horrible condition of the old 757s on LAX-KOA-LAX that looked like they were from 1975, falling apart, old pleather yellow seats, with pen marks, and broken footrests
JFK-MIA - cancelled while already on the plane, a clusterf in IRROPS, no flexibility, lied about how its weather with clear skies in JFK and everything else taking off
One other flight, ORD-YYZ, delayed indefinitely and finally cancelled - no flexibility in rebooking (and I have BA/CX/AS status).
I do like their preorder meal idea though, and the flagship lounges in MIA/LAX were great.
Have you flown them recently?
Last edited by demkr; May 4, 2014 at 5:08 pm
May 4, 2014, 4:56 pm
#60
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We'll agree to disagree on AA. I find it a clear step up from UA. Have you flown AA F? Feels quite luxurious in relation to UA.