Panamair From United States of America, joined Oct 2001, 5040 posts, RR: 24
Reply 10, posted (7 years 9 months 1 week 11 hours ago) and read 18204 times:
Quoting SESGDL (Reply 4): Otherwise here comes bankruptcy #2. Why in the HELL would they hire someone outside of Delta who had nothing to do with their amazing turnaround?
The skillsets required of a CEO are rather different from those of a CFO or a COO...
CFOs in general almost never make good CEOs. COOs are possible but I think that Whitehurst's lack of "seasoning" (for lack of a better word) is ultimately what cost him the job....if this decision was being made say 3-4 years from now, Whitehurst could very well have ended up getting the job...but he is probably considered too young and even inexperienced by the Board currently.....his focus has been on Operations to date; to become CEO, he would need additional "all-round" experience.....
Paladin87 From United States of America, joined Jun 2007, 122 posts, RR: 0
Reply 13, posted (7 years 9 months 1 week 11 hours ago) and read 18149 times:
in the the tough last three years, Anderson has done quite well, says airline analyst Joel Denney with Piper Jaffray.
"Northwest has shined very well. I mean they have outperformed most of their peers," says Denney.
Anderson has done much hard work reshaping Northwest. He has cut $1.6 billion from Northwest's annual operating expenses, improved service and built a cash horde of about $3 billion. But there's more to do to ensure the airline's future success. Northwest wants to cut almost $1 billion more in annual labor expenses. That means the difficult task of getting union members to accept painful choices like pay cuts, reduced vacation, more expensive health insurance, and possibly layoffs.
(hope this helps from an article by Bill Catlin,Minnesota Public Radio Oct 6,2004)
One VP " suggested" the biggest reason he left was he was against the plan for AMFA
PA201 From United States of America, joined Apr 2005, 33 posts, RR: 0
Reply 15, posted (7 years 9 months 1 week 11 hours ago) and read 18108 times:
If true, think it's a great move on the part of DL. Don't know Whitehurst or Bastian very well, so no reflection on them or their capabilities, all I know is that Anderson was one of sharpest guys in the business when he ran NW. He's exactly what DL needs in that repect. On the other hand, why he's leaving the relative calm and normalcy of the insurance business and the good money he's making there, and jumping back into this insane industry is another question all together.
Okie73 From United States of America, joined Mar 2006, 451 posts, RR: 0
Reply 17, posted (7 years 9 months 1 week 11 hours ago) and read 18108 times:
Quoting ATLAaron (Reply 5): I'm not sure why but I just feel bad for Whitehurst and Bastain. I would leave if I were them, they saved DL and now this.
with all due respect, Mr. Grinstein saved Delta. Having said that, if anyone other than him deserves the credit for turning Delta around, its Glen Hauenstein and Bob Cortelyou.
Quoting Panamair (Reply 10): CFOs in general almost never make good CEOs. COOs are possible but I think that Whitehurst's lack of "seasoning" (for lack of a better word) is ultimately what cost him the job....if this decision was being made say 3-4 years from now, Whitehurst could very well have ended up getting the job
I think you are right. A few years from now and Whitehurst would have the job. Maybe a few years from now Whitehurst will have the job. I still think he will be the CEO of Delta in the future.
Both Mr. Whitehurst and Mr. Bastion are very valuable people to the Delta machine. Frankly I think naming someone from the outside gives Delta the best chance of retaining both Whitehurst and Bastion. Name one CEO and the other is sure to leave. Leave them both out, and give them both hope they have a shot in the future, and you may well retain them both.
Current CEO Anderson Resigns to Join UnitedHealth Grouptm
EAGAN, MINN. – (October 1, 2004) – Northwest Airlines Corporation (NASDAQ: NWAC) today announced that its board of directors has elected Douglas M. Steenland, age 53, Northwest’s current president, to the additional position of chief executive officer, effective immediately.
Richard H. Anderson, age 49, who has been chief executive officer since 2001, has informed the board that he will become executive vice president of UnitedHealth Group (NYSE: UNH) on November 1.
Anderson will remain on the Northwest board.
“For the past three years, Doug Steenland and Richard Anderson have led this company through the most difficult period in the history of the airline industry,” said Gary L. Wilson, Northwest’s chairman. “Together, they set the strategic direction of the company, which has positioned Northwest as the strongest of the legacy carriers. They developed and implemented a strategy which has produced superior operating performance, aggressive cost containment, and prudent long-term investments in the business. They also put together a first-rate management team which is well prepared to continue to drive this strategy.”
He did a good job at NWA. However he did not get enough concessions from the labor for NWA to avoid filling for Ch11 almost exactly one year later in mid Sep 2005.
Yes, DHL AIRWAYS, not DHL. DHL Airways was still just the name of an ACMI carrier here in the United States, not even wholly owned by DHL. And your comment was that he is NOW chairman/CEO of DHL, when in fact, he is now chairman/CEO of Astar Cargo. The DHL thing is crazy complicated.
Good goes around!
: Off topic but who was the CEO for NWA in the mid-1990's? I forgot, obviously...
: Anderson will be a good CEO. He has former airline industry experience which is a plus.
: My former neighboor Alfreed Checchi was Chairman during the 90s when he took the company private.
: Maybe this will clear things up DHL Airways today announced that the Miami-based cargo airline is launching a re-branding program, and changing its n
: He did pretty well. The airline managed to do okay under his leadership. It was much nicer to fly on then, but that's neither here nor there. Perhaps
: Thank you. That is exactly what I was trying to say, and not doing a very good job of
: According to the AJC article, once Anderson takes over as CEO, Bastian will be promoted to President and Whitehurst will leave. This is a huge disappo
: It's a big, big mistake. Going outside the company sends a horrible message to the employees (namely that the board thinks the business plan isn’t g
: I doubt you will. It has been downhill since he left, especially morale. And when that goes unfornuately customer service tends to follow. DL should
: to quote specifically from http://www.ajc.com/business/content/....html?cxntlid=homepage_tab_newstab "According to the Garlington Report, Whitehurst,
: That is truly a shame. Ok so back to the rumor mill, does this honestly pave the way for a NW/DL merger?
: He left NW on his own terms. NW was doing better under him than since he left. He was an able executive. It's fairly common to bring in outsiders for
: Very sad day for DL if Whitehurst leaves. He was trusted by employees through and through. It's in the AJC and the "Garlington Report"
: This is a sad day for Delta....unfortunately, the board seems to know nothing about what is best for DL, they are only concerned with what is best fo
: Give him a chance. Seems like one of NWA's better managers. Respected by labor at NWA says a LOT. Plus, DL could use some of NW's feistiness when it
: Bullshit- he managed to save DL by milking employees dry. We can thank the employees who worked their arses off, only to recieve their much-smaller p
: As they should be. Delta, as a company is supposed to bring value and money to its shareholders.
: Not to get off topic, but since you brought up this book it should be pointed out that it lacks hard evidence to many of the author's claims. When a
: Its official: Delta Air Lines Board of Directors Names Richard Anderson to Lead Airline into New Era Newly appointed CEO ready to join Delta people in
: Obviously everyone at the big D has forgotten already what happened over the last 3 yrs...................they are spending $$$ like crazy on STUPID s
: Wow! I'm surprised someone else on here knows how much control these two guys have.
: I guess that's the "glass half empty" approach?
: I don't know how I feel about the move either, but maybe you should change careers to management?
: Well Bitter Betty has checked in with her two cents..... Perhaps furthering your education might advance your "sub-par career"??
: What? You do know that most DL employees are shareholders as well, don't you? BTW, the stock is up more than 10% right now.... Yes, as long as Glen a
: I'm wondering what kind of compensation arrangement exists. Supposedly he left NWA for United Health Care with a BIG leap in pay. It's assumed that Mr
: IMHO Anderson did a good job at NW ...except to the extent that he allowed Steenland to run the show.
: I'd like to give Anderson the benefit of the doubt, but can't help but note that from 2001 to 2004 he was CEO at NWA, which means he essentially took
: God forbid they hire a CEO. They should let worker bees vote on all decisions. Yeah, that is clearly where he needs to be working.
: My worry is that he'll get all caught up in corporate payouts like some airline CEOs. Grinstein was definitely employee-minded in the fact that he too
: How well did Steenland and Anderson get along? It could be more of a conflict.
: Hopefully he makes good on all of his promises. Article
: Delta is lucky to have Anderson as CEO. He was highly respected at NWA by everyone, management and labor. Does this mean Delta and NWA are closer to m
: I know DL had repeatedly talked of going it alone when the US merger was on the table, does that still hold true today? If so, why would they appoint
: Many if not most high executives at any airline have worked for another airline at one time. This is true of AA,WN,NW, CO, AC, and US. It is also tru
: You say this, but Anderson's record at NWA doesn't really deserve much respect. He failed to successfully restructure NWA and left as the company was
: That makes sense, but I was asking more along the lines of DL staying "single", for lack of a better word at the moment, then why would they hire som
: Keep in mind that Anderson left NW due to "the tough management decisions" that had to be made. He could not stomach dealing with having to demand a
: Horrible. I was rooting for Whitehurst. He was a great COO and I'm certain that he is disappointed and will likely leave the carrier. Age should have
: Where does it say that? The article you linked to says, "The status of the other, operations chief Jim Whitehurst, wasn't immediately clear in Delta'
: Where did Arpey work before AA? According the the CNBC program, he started at AA in high school.
: Or perhaps he knew another way to deal with those issues and the board disagreed and forced him out. Given the current state of labor relations at NW
: Back in the day, airline were run primarily by people who came up with a background in operations. That model has since changed as most now are run by
: Those are two very big issues though... Big mistake if they are going to merge. Jim has the proven ability to rally the employees behind the company
: If NWA produced such great execs, why are they in such a mess now? United Healthcare CEO was reported to have $140B of stock. What does that say about
: Gee, that's reassuring. Again, not necessarily reassuring depending what the big picture is. We all knew this day was coming, and no one is running a
: Exactly what I was thinking, its too bad that the DL a.netters are too serious about this to have a sense of humor.
: Well, I can certainly see the logic in all of this from the Delta BOD's perspective. This guy has a proven track record -- albeit a disputed record of
: Who says we don't have a sense of humor. I thought it was funny. Maybe not enough to comment about it, but it was funny. Yes, this is s big day with
: Here's the video of the announcement: http://media.delta.com/article_display.cfm?article_id=8937 Gerry looks like he has a gun to his head saying this
: He always looks like that in his video messages. However, I do feel that he looks even more stiff and uncomfortable than usual. DL757Md
: I wasn't saying you didn't have a sense of humor at all, just that you guys were being so serious about this post that you weren't appreciating the h
77 Mitchell Gant
: So how soon will it be before Fred Reid hands the Virgin America keys over to Jim Whitehurst?
: Disappointing. Jim was a great ideas guy with ties to DL and the Atlanta area. He had the ability to motivate employees even in the worst of times. We
: good luck man i wish you the best of luck. i really want to work in ATL(TechOps) in 4 years but i dont know about it now
: Please tell me how this single announcement has any impact on that????????