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Delta to Wall Street: Don't Tell Us How to Run Our Airline
NEW YORK (TheStreet) -- Fresh from hounding JetBlue CEO Dave Barger out of a job because the carrier provided too many luxuries to its coach-fare passengers, some Wall Street analysts have turned their sights on Delta . (www.msn.com) さらに...Sort type: [Top] [Newest]
I have never been able to figure out why businesses allow people on Wall Street, who have never worked in the business they profess to know, to dictate how they should run their business. I mean really, would you hire someone with no business experiance in your field to run your business? Well that's basically what they do. They let these people that know nothing about their business tell them what to do. If a company meets their estimates, but it doesn't meet the, "streets" estimate, who's the one that blew it? Does anyone agree with me???
Those in finance can do a task without the blinders that are usually worn by the subject business.... analyze bankruptcies, what led to them and the actions to be taken to prevent another.
As I said in another post, I don't think the legacy carriers have learned their lesson.
As I said in another post, I don't think the legacy carriers have learned their lesson.
I can agree with some of that but how come they didn't prevent their own bankruptcies? To boot, those in finance are grouping all industries together in looking to maximize profits. Bottom lines are the same for any company but it is expertise in the individual field that get a company there.
Are you referring to the difficulties in the securities market a few years ago?
That started with derivatives based on bad mortgages which were compiled by Freddie Mac. Bush wanted to change how Freddie Mac could operate and put limitations on a quasi-government operation. The Democrats fought him; in particular, Barney Frank; who just happen to have a boyfriend who was working for Freddie Mac.
That started with derivatives based on bad mortgages which were compiled by Freddie Mac. Bush wanted to change how Freddie Mac could operate and put limitations on a quasi-government operation. The Democrats fought him; in particular, Barney Frank; who just happen to have a boyfriend who was working for Freddie Mac.
Yeah, but they still took a bath in their own field.
Any investor would when the represented product had badly misrepresented volatile risk.
True, but they should really be trying to mind their own business rather than telling everybody else how to mind theirs. Not all businesses are short term. You and me both know the airline industry is capital intensive and results are very long term, hence cannot turn on a dime. Short term expectations are not valid for an industry of this type; trends yes but they should still be part of a plan. I personally think there is a special place in hell reserved for short sighted people like this.
That could also apply to those who try to manage like they always have rather than adapt to the market place and meet the requirements to compete.
It will be sometime before I give up this thinking... I don't think the legacy carriers have learned their lesson.
It will be sometime before I give up this thinking... I don't think the legacy carriers have learned their lesson.
That may not be in some quarters but they are learning. I am in agreement with you though that not all have leaned yet. I think we know who they are without calling names.