Glenn Tilton is worth every penny he is being paid, which mind you, is a LOT less than others at his level in the industry. He is worth more now than Tricky Dick Ferris EVER was in the '80's, as was Jim Goodwin. I feel the same way about CFO Jake Brace...amazing individual...UAL is extremely fortunate to have him in his current role during this period. Few a-netters will ever understand this...take the long view.
Senior management is NOT the problem at UAL right now...they are the SOLUTION...they are getting the job done, and UAL will emerge this fall as a result of it. Whoever ultimately provides the exit funding will bring in their management team at that point, and sadly, Tilton and Brace will mostly likely move on, as will Doug Hacker. Assuming a fall exit from Ch. 11, I don't believe Tilton will be working at the Elk Grove offices this time next year.
The problem at UAL right now is MIDDLE management...those who can't effectively manage at the station and operations level and who are responsible for the spotty, inconsistent service you see. It's one thing to have a great fleet and route network folks, but if you can't manage that valuable asset to the point where it maximizes profits, you a.) won't be running an efficient operation, and more importantly, b.) don't deserve to be in business at all. There are managers at WN
who manage much better than some at UAL, that much is obvious.
Some time ago, ElkGrove
came on here and specifically stated that while it does look bad to give certain members of management bonuses, he also said that those individuals receiving them would be with UA
for a short time longer, and would then leave.
The more I think about it, as dedicated as I am to UAL, I should apply for a position in Elk Grove once I complete my MBA in a few years, and do what I can to ensure UAL survives long term. Those winters sure are a bitch back there, though...
And the winner for best actress is....REESE WITHERSPOON for 'Walk the Line'!!!!!!!!