What Happens When the Next Financial Crisis Strikes?

[turbinetree]

4. It as always about greed................and mismanagement ......

My experience was being in the airline industry and watching how CEO's bankrupt the system, it didn't happen overnight, but you could always tell, when they started cutting flights, and using the model revenue per set mile.

Hell, when I worked with USAIR, when they went to the British Airways to get some funds, $750,000.00 in vcapital.

I get up to ask two questions, how do you fly from Denver to San Francisco, and if you have a gates in Hawaii, why aren't you flying there.

To fly to San Fran from Denver you had at that time fly back to Pittsburgh.................don't continue on, just fly back, no layover and continue on, go back to the hub

And as for Hawaii, they were renting the gate space............................

Then after the funding fell they cut 1500 jobs, after they just had hired them.....................they had a former baggage handler running the place, because he married the CEO' daughter, and the financial wizzes, couldn't get past the ownership Federal laws of the airline, because British Airways wanted over 25% of the company, for the money.............. ........................

They wanted to stay in the East Coast market place