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Four US Airways VPs Resign  
User currently offlineOrd From United States of America, joined Jul 1999, 1389 posts, RR: 1
Posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2713 times:

Four US Airways executives resigned yesterday. This can't be a good sign. They are:

Jennifer McGarey, VP - Deputy General Counsel & Corporate Secretary (going to MCI)
Jeffery McDougle, VP - Fleet (going to Laidlaw International)
Daniel McDonald, VP - Planning & Scheduling (going to DHL)
P. Douglas McKeen, VP - Labor Relations & Benefits (going into lablr consulting)

Note: It's strange that all their last names begin with "Mc"

18 replies: All unread, jump to last
 
User currently offlineTrvlr From United States of America, joined Feb 2000, 4430 posts, RR: 21
Reply 1, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2618 times:

Maybe they're cashing in on severance packages before ch. 7?

Aaron G.


User currently offlineInnocuousFox From United States of America, joined Dec 2003, 2805 posts, RR: 14
Reply 2, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2603 times:

"P. Douglas McKeen, VP - Labor Relations & Benefits (going into lablr consulting)"

In light of their recent labor strife, does anyone else find it amusing that dude is going into "labor consulting"?



Dave Mark - Intrinsic Algorithm - Reducing the world to mathematical equations!
User currently offlineUA744Flagship From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2568 times:

"In light of their recent labor strife, does anyone else find it amusing that dude is going into "labor consulting"?"

He'll simply be the guy you turn to to see what NOT to do Big grin


User currently offlineLeskova From Germany, joined Oct 2003, 6075 posts, RR: 70
Reply 4, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2554 times:

InnocuousFox, that just proves that everyone is useful - even if only as a bad example... Big grin


Smile - it confuses people!
User currently offlineInnocuousFox From United States of America, joined Dec 2003, 2805 posts, RR: 14
Reply 5, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2530 times:

"Maybe they're cashing in on severance packages before ch. 7"

Actually, I think those can be reclaimed under bankruptcy if it is soon enough beforehand. Keeps people from doing exactly that.



Dave Mark - Intrinsic Algorithm - Reducing the world to mathematical equations!
User currently offlineClrd2go From United States of America, joined Feb 2003, 1000 posts, RR: 0
Reply 6, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2517 times:


calls wife..honey..time to use those 2 free USAirways tickets!



Jim



What a long strange trip it's been
User currently offlineCalpilot From United States of America, joined Oct 1999, 999 posts, RR: 13
Reply 7, posted (10 years 11 months 1 week 2 days 14 hours ago) and read 2472 times:

Maybe just rats jumping off the ship, Hummmmm?

Heck maybe with GB. out at CO DaveS. wants to come back here? Lol...


User currently offlineFlashmeister From United States of America, joined Apr 2000, 2903 posts, RR: 6
Reply 8, posted (10 years 11 months 1 week 2 days 11 hours ago) and read 2256 times:
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LOL, not at all a good sign...

IMHO, the fat lady is warming up. It'll be the end of 2004 before she bursts out her highest note, though.


User currently offlineFA4UA From United States of America, joined Nov 2003, 812 posts, RR: 20
Reply 9, posted (10 years 11 months 1 week 2 days 10 hours ago) and read 2224 times:

I think it's all part of US' general anti-scottish program. They obviously don't like the scotts! J/K

yeah... first thing I thought of was that the rats are starting to jump off the sinking ship. Sheeesh! good luck US!

FA4UA



The debate continues... Starwood or Hyatt... which is better
User currently offlineAA717driver From United States of America, joined Feb 2002, 1566 posts, RR: 13
Reply 10, posted (10 years 11 months 1 week 2 days 8 hours ago) and read 2073 times:

RSA has to get its money out before USAir defaults on the gov't backed loans. Anyone know when the first of the payments are due?TC


FL450, M.85
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4615 posts, RR: 23
Reply 11, posted (10 years 11 months 1 week 2 days 7 hours ago) and read 1998 times:

Oh where to start. Unfortunately no one here really knows what is going on.

US Airways previously had 3 VPs dedicated to labor relations...now it is down to 2. The other positions are all being consolidated to other VP positions. These moves are positive since Labor hated a few of them and US Airways was plagued with toooo many VPs for awhile. Fewer executives on payroll works for me. I would like to see another 10 VPs leave the company to get costs down, on the management side, even further.

This is a positive thing and one labor has been demanding for a long time.


User currently offlineFrequentFlyKid From United States of America, joined Nov 2001, 1206 posts, RR: 1
Reply 12, posted (10 years 11 months 1 week 2 days 6 hours ago) and read 1933 times:

I'll be cashing in my Dividend Miles within the week. It's just too uncertain and this isn't a positive sign...

User currently offlineOuboy79 From United States of America, joined Nov 2001, 4615 posts, RR: 23
Reply 13, posted (10 years 11 months 1 week 1 day 19 hours ago) and read 1775 times:

It's amazing how many people make rash, uneducated decisions. To each their own.

Hopefully we'll see a couple more VPs leaving...particularly Jerry Glass and the marketing guy.


User currently offlineJumboBumbo From , joined Dec 1969, posts, RR:
Reply 14, posted (10 years 11 months 1 week 1 day 16 hours ago) and read 1719 times:

Trvlr wrote
> Maybe they're cashing in on severance packages before ch. 7?

Good call... has anyone been watching insider ownership of UAIR stock? I would suspect that there has been some insider selling lately.


User currently offlineJumboBumbo From , joined Dec 1969, posts, RR:
Reply 15, posted (10 years 11 months 1 week 1 day 16 hours ago) and read 1718 times:

Actually,
I just checked, here is the only insider trade filed recently...

(from CNBC http://moneycentral.msn.com/investor/invsub/insider/trans.asp?Symbol=UAIR)

09/26/03 HAYES PERRY Sold 55 $6.38 $351

Off topic, do you really have to file to sell 55 shares?


User currently offlineContrails From United States of America, joined Oct 2000, 1834 posts, RR: 0
Reply 16, posted (10 years 11 months 1 week 1 day 14 hours ago) and read 1645 times:

I wish I could see something positive coming for US, but my outlook on them seems to get worse every day. This is not good.




Flying Colors Forever!
User currently offlineOuboy79 From United States of America, joined Nov 2001, 4615 posts, RR: 23
Reply 17, posted (10 years 11 months 1 week 1 day 6 hours ago) and read 1562 times:

People complain US Airways has too many VPs...then when they start trimming the fat, it is a bad thing. Sheesh.

User currently offlineWn700driver From , joined Dec 1969, posts, RR:
Reply 18, posted (10 years 11 months 1 week 1 day 6 hours ago) and read 1530 times:

Not a bad thing per se, but not a good sign either. US has been circling the drain for a while now, & within that reality, I do not see those positions being replaced, but I do see more resignations in the near term.

I'll take the minority postion and say that I do not believe they are doomed just yet (In fact, I think they have about the same odds of survival or demise as UAL), but when that many Veeps start packing it up at once, well, I think the term "Corporate Metastatysation*" is a good analogy.
Best of luck to all you hard workers at US.



*For those who don't know much about cancer, or if my spelling is way off, Metastatysation is the process of cancerous tumors spreading from one organ or system to another. . . . . .usually a sign that the writing is on the wall for the patient in question.


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