To be fair, Frank, the comments quoted above came out before the SEC filings which had more details...
And yes, the irony of that can probably go without further comment.
... and, so be it ... no comments re: the rag articles.
I can't help, though, laughing at the "weeping and gnashing of teeth" that must be going on in Centrepork -
".. we've done everything the board said to do and we've done it all just like they taught us in CPA and MBA school and things still aren't working ... whatever could we have done wrong? "
People you count on to make things happen don't like to be played for patsies, used or lied to, boys. Did they not teach you fellers
THAT in school?
When the folks
(that REALLY make things happen) finally figure it out, they push back and negate any and all efforts made by management, good or bad - at that point, it doesn't matter anymore.
In the service, they showed us a film about FOD - the FOD in particular was a crescent wrench intentionally tossed into an intake for the filmaking. One barely discernible little item (as compared to the engine) is seen making its flight, entering stage left, towards the engine in the cell and then, all holy hell broke loose. The engine bucked like a horse (all slo-mo) flexed front to back in an arc and then flexed the other direction, the the fire shot from front and back - one roached out motor. Think of that small crescent wrench as those whom poilicy screwed over (feeling screwed over by same is sufficient to cause a reaction) and one with the slightest amount of sense (perhaps not some college graduates) can see the chain reaction started by BS flowing freely from the top. This doesn't even account for the lying representation cutting deals for themselves.
So, let's hire more management personnel - "we'll show 'em." Unbridled entertainment for the troops abounds - the wheel is reinvented every six months by management personnel, or however long it takes for people to forget about the previous fiasco, identical in nature, that didn't work.
Why in the hell hasn't there been a comedy show put on the air about the cluster#### that is American Airlines?
Real businesspeople understand there's a "people component" to these decisions they make on a daily basis - educated idiots don't get this nor will they ever. Attempting to teach the elite this simple fact is a waste of time, very much like trying to teach a pig to sing.
Another round of failure bonuses, please.
To put it another way yet, Murphy was a true genius but his musings weren't taught in the proper places.