Bethune to run the New Delta?

[phasersonstun2]

C'mon... the creditors could have hired any number of highly qualified financial analysts to do this job, for instance Mr. Greenspan comes to mind.

Why would Gordon Bethune be brought in to assess the two proposals unless the creditors want Mr. Bethune to run the largest airline in the world.

Who better!

 

[flyingcat]

While I think the possibility is remote you introduce an interesting proposition.

What would the skeptical think if the new Delta involved Parker and Bethune?


Would that possibility make the people pro merger second guess themselves? :unsure:

 

[Gilding the Lily]

Phaser,

Posted this on your other thread as well; but I thought I would post it here as well to get any other comments:

It could be that the creditors are considering positioning him as a candidate for a slot on the board of directors for Reorganized DL.

In December, the Creditors' Committee applied to employ Spencer Stuart as a search consultant to assist in the search process.

The Committee intends to take a lead role in the identification, interviewing, and selection of qualified candidates (including consideration of DL's existing Board) for the Board of Reorganized DL.

 

[Alice Cramden]

I am sure Bethune will say what DAL wants him to say...whatever "that" is for $250K.

Alice Cramden

 

[Itestwell]

I'd much rather have DP run the new DL. Easier on the eyes.....

 

[757inthebarrel]

C'mon... the creditors could have hired any number of highly qualified financial analysts to do this job, for instance Mr. Greenspan comes to mind.

Why would Gordon Bethune be brought in to assess the two proposals unless the creditors want Mr. Bethune to run the largest airline in the world.

Who better!

I think they want him to look at being the CEO of a standalone DL. His stamp of approval on the DL plan and agreement to succeed Grinstein would make them very comfortable about their investment. Don't think he was ready to leave the big time when he left CO. Also, don't think Gordon is a big fan of US.

 

[Itestwell]

I think they want him to look at being the CEO of a standalone DL. His stamp of approval on the DL plan and agreement to succeed Grinstein would make them very comfortable about their investment. Don't think he was ready to leave the big time when he left CO. Also, don't think Gordon is a big fan of US.

Really? Gordon is not a big fan of US? Did he confide in you, or did you just read that "somewhere?"

I am sure the creditors hired him because he is secretly partial to DL and they really do not want to explore both deals, just want to go with DL and their standalone plan. If this is the case, why can't the creditors just vote for the DL standalone plan, and then Bethune could succeed Grinstein upon his retirement? Seems Bethune's advisory appointment is a wasted step, if we follow your logic.....

 

[iahphx]

Some of this stuff in this thread is silly. Bethune isn't going to be running Delta. He will offer an opinion as to whether the merger is a good idea for the creditors. From this article, it's pretty easy to predict that he will favor the deal:

http://www.businessweek.com/bwdaily/dnflas...week+exclusives

 

[Itestwell]

Some of this stuff in this thread is silly. Bethune isn't going to be running Delta. He will offer an opinion as to whether the merger is a good idea for the creditors. From this article, it's pretty easy to predict that he will favor the deal:

http://www.businessweek.com/bwdaily/dnflas...week+exclusives

wow...they quoted Bethune saying that stuff? Doesn't sound impartial to me. Am I misreading the article?

 

[NYCDelta]

Some of this stuff in this thread is silly. Bethune isn't going to be running Delta. He will offer an opinion as to whether the merger is a good idea for the creditors. From this article, it's pretty easy to predict that he will favor the deal:

http://www.businessweek.com/bwdaily/dnflas...week+exclusives

Just because Mr. Bethune is an advocate of consolidation doesn't necessarily mean he is for this particular "marriage". He will advise the creditors on the US proposal, the DL plan, and any other possible offer. There may be things that none of us know about at this time. I'm sure we are not privy to all the goings-on behind the scenes.

 

[DLFlyer31]

Some of this stuff in this thread is silly. Bethune isn't going to be running Delta. He will offer an opinion as to whether the merger is a good idea for the creditors. From this article, it's pretty easy to predict that he will favor the deal:

http://www.businessweek.com/bwdaily/dnflas...week+exclusives

I agree that Bethune won't be running the "New Delta." Parker would never allow it.

The funny thing is that Bethune and Parker really don't see the industry in the same way. In fact, Bethune has openly criticized HP for their rationalized pricing model. It was a hefty reason for the meltdown of the HP/CO codeshare.

 

[JohnHenry]

There may be things that none of us know about at this time. I'm sure we are not privy to all the goings-on behind the scenes.

NYCDelta, this is the first statement I have read so far that is anywhere near as to what is going to happen with the hositle take over bid of Delta. None of us are going to know until all the corporate players have their deals cut and the gavel goes down.

 

[flyhigh]

DLFlyer,

HP's pricing had nothing to do with the alliance collapsing. It had more to do with the dilutive nature of it. On just about every flight an HP pax connected on to CO on, CO could have filled that seat with a local pax. Inventory rules, spelled out in the contract, dictated that certain instances required a connecting pax be given the availability. CO was simply flying a less profitable pax. At about the same time, Bethune and Bonderman started having a falling out that created many issues regarding the alliance. As a result, both sides started wasting time bickering over petty little issues that were of little to no importance.

Age alone would probable be good reason for Bethune to not take this job. He's spend his first year getting his team together...not very productive for a company that needs to come out charging to become worth between $9 & $12 billion...

 

[757inthebarrel]

I agree that Bethune won't be running the "New Delta." Parker would never allow it.

Parker's not going to have a choice who runs DL. He'll still be trying to integrate HP/US.

 

[wings396]

I think they want him to look at being the CEO of a standalone DL. His stamp of approval on the DL plan and agreement to succeed Grinstein would make them very comfortable about their investment. Don't think he was ready to leave the big time when he left CO. Also, don't think Gordon is a big fan of US.

Gordon wasn't a big fan of the "Old US East" Management, but they are all long gone. The fallout that he had with US was long ago, with an entirely diiferent group of people. The only thing the same at US today is the name of the company.