US Airways’ annual shareholders meeting was nothing if not entertaining today. Outspoken shareholder Evelyn Y Davis, also known as the ‘Queen of the Corporate Jungle’, dressed down management for lots of “outrageous” things like holding the event on the same day as Continental Airlines’ shareholders meeting and for considering a so-called “virtual merger”. Shareholders seemed largely amused by
That is with the notable exception of Seymour Licht, another outspoken shareholder who remains outraged over the 2005 merger of America West and US Airways. Exasperated by Davis, Licht ordered
It all got rather fiery from then on. And when all was said and done, US Airways CEO Doug Parker joked: “That was supposed to be the boring part of the meeting.”
I’m going to take a wild guess that there is method to the alleged madness that Continental – of which
I’d also wager that Parker, who gave a lightening-fast speech following the Davis and Licht show, was glad to get the hell out of there.
But for those of us in the aviation journalism world, the event was a lovely comedic reprieve at a time when bad news is hitting fast, furious and fuelled with Jet A.
If you’ve got the time, it’s worth a listen at http://www.usairways.com/awa/content/aboutus/investorrelations/calendar.aspx