by etempleton on 12/30/2022, 5:39:47 AM
by gkanai on 12/30/2022, 3:51:48 AM
Notably, Kelleher stepped down from the CEO role at Southwest in 2001. So this crazy debacle of 2022 is largely a result of management that has not followed Kelleher's guidance.
by barbariangrunge on 12/30/2022, 3:25:53 PM
Yet, what we do in good times is cut margins until they are so thin that the good times get better, and then everything explodes during bad times so everyone asks for bailouts
Eg, unsustainable agriculture, manufacturing, banking…
by evnix on 12/30/2022, 5:42:26 AM
for the rest of us, prepare for interviews and keep looking for jobs when you have a stable job.
by bhaney on 12/30/2022, 4:05:37 AM
What a difference 16 years can make!
by i_have_to_speak on 12/30/2022, 4:56:25 AM
Title needs a "(2006)" suffix.
Good times are for getting the house in order so things don’t go sideways in the future and creating frameworks for when things inevitably do go sideways. If you have good plans and everyone is one the same page people can fall back to standard operating procedure and not over think things or panic because they don’t know what to do.
In the case of Southwest they failed to invest in critical infrastructure and probably contingency planning as well. Hindsight is always 20/20, but I am sure there were/are people who knew this was a ticking time bomb.