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![]() "Mike Rapoport" wrote: Southwest is a very special case. It's the child of a brilliant manager/founder. Such individuals are rare - vanishingly scarce in publicly traded corporations. I don't know if I would agree that SWA success was dependent on brilliance. It seems pretty simple. SWA seems to be the only airline that realizes who the customer is, what they want and set up a business to provide it. Seems simple doesn't it? But I make a good living off the chronic inability of my large corporate competitors to do just that. I'm thankful that the level of management talent in Fortune 500 companies is what it is, and I'm sure Herb Kelleher was, too. The other airlines talk about restructuring but, as soon as the economy gets good, they go back to their old ways and the cycle repeats. Corporate America's idea of "restructuring" usually amounts to little more than cutting head count and expecting the survivors to cope as best they can. They usually offer deals that encourage their most experienced employees to leave. I love this; it's guaranteed to **** off even their most loyal customers and make my phone ring. But you're right, Mike: if Delta and United survive into a boom cycle, upper management will head back to the golf course and let things get fat again. -- Dan C172RG at BFM |
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