OMG! ROFLMAO! "Management by TRUST" by Kenn Ricci

[Voice Of Reason]

http://www.amazon.com/Management-Trust-Kenn-Ricci/dp/0977730409

I think I just peed my pants laughing.
I am TELLING YOU NOW he is going to pretend like he just swooped in to help, even though he is IN AN OFFICE THERE NOW, and people are being fired left and right.
This is CRAZY!

 

[Voice Of Reason]

FRom Corp Wings website:

"Management Team

Kenneth C. Ricci
Chief Executive Officer Kenneth C. Ricci is a 26 year aviation veteran and among the industry’s most dynamic leaders. In 1980, Kenn founded Corporate Wings, an aircraft management, charter and FBO organization. Corporate Wings grew to include other aviation support services including aircraft maintenance and repair and acquired several regional fixed base operations.

Under Ricci’s leadership, Corporate Wings earned a spot the Inc. 500 plus the Weatherhead 100; recognizing the 100 top growth companies in Northeast Ohio. He is also a four time recipient of the NEO success award for business growth. In 2000, Ricci was honored as an Ernst & Young Entrepreneur of Year; plus has been named one the most influential people in aviation by Aviation International News.

In 1998 Ricci revolutionized the fractional aircraft ownership industry by pioneering of Flight Options. His marketing and strategic leadership took the company from inception to annual sales of more than $800M in 4 years. Flight Options outperformed over 50 other growth companies and merged with Raytheon Travel Air in 2002 and became wholly owned by Raytheon in 2005.

A graduate of the University of Notre Dame and the Cleveland Marshall School of Law, Ricci holds an airline transport pilot license with more than 6,000 hours. He is type rated in Gulfstream, Falcon and Citation jet aircraft and has captained aircraft on around-the-world flights.

Ricci serves on the Business Advisory Council of the University of Notre Dame and is an active member of the Young Presidents’ Organization. He is a Board of Directors member of Mercury Air Centers, Legatus, the Boys’ Hope/Girls’ Hope Organization, and The Gilmour Academy.

In 2005, Corporate Wings and Mercury Air Centers became wholly owned by Allied Capital Corporation (NYSE:ALD). Mr. Ricci was appointed CEO.

​

His leadership style is highlighted in the following articles:

• "How One Aviation Firm Deals With Labor Issues" -- The Wall Street Journal

• "To Have and to Hold" -- Inc. Magazine

And in his business leadership book

• Management By Trust -- published in 2006 by Citation Books ' "

The latest happenings at Flops will certainly hurt any credibility of these publications....

 

[gunfyter]

Well,

where is your book review on Amazon?

 

[Voice Of Reason]

http://www.managementbytrust.com/author.html

Oh geez...the book even has its own website. We ALL need to get amazon review sign ins and tell the TRUTH about the utter LACK of "retention" here (the kind he's talking about anyway).

 

[Voice Of Reason]

http://www.teamster.org/03news/nr_030922_1.htm

Memories......Doesn't look like retention back when either....

 

[Voice Of Reason]

Better yet, I think AIN needs to work this factor into an article about what they are doing to our pilots (and others) right now. Claiming retention yet doing the complete opposite. Is he going to pretend he isn't on the property until most are gone and THEN claim retention?

 

[Voice Of Reason]

Reminder from AIN last month:
"
Flight Options Founder Ricci Returns to Company

By Matt Thurber
April 22, 2008
Charter and Fractional
Two new investors have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings.

Both Kenn Ricci, principal for Directional Aviation, and Steve Rosen, cofounder of Resilience Capital Partners, will join the HIG Transport Holdings board of directors. Ricci was one of the founders of Flight Options in 1998.

He left the company in February 2003 as Flight Options was in the process of being taken over by Raytheon, which had earlier sold the Raytheon Travel Air fractional company to Flight Options. Raytheon sold Flight Options to HIG Capital this past November.

Directional Aviation projects include aircraft modification firm Nextant Aerospace, Corporate Wings and Air Services. Resilience Capital Partners’ “investment philosophy is focused on principal investing in lower middle market underperforming and turnaround situations.

A fractional industry insider recently told AIN that Flight Options has not sold any shares so far this year, but a Flight Options spokeswoman denied this claim." --AIN website

 

[Voice Of Reason]

"only 4 left" (new). The union lawyers better get one quick. They'll be needing it for the case.

Talk about KOOL-AID... Did you check out the "used" listings. It's a $20 book new and one is selling for $34.99 and another dipsh** is selling it for * $289.00 * lol
http://www.amazon.com/gp/offer-listing/0977730409/ref=si3_rdr_bb_unew

 

[Voice Of Reason]

Funny, some IT people back in Baboo's homeland came up with this back in 2000:
"What is 'Management by Trust'?" http://www.itpeopleindia.com/20011231/management3.shtml

 

[say again]

Why don't you find another job v o r??

 

[showboats]

And the award for the most consecutive posts by the same person goes to....VOR.

Congratulations!

 

[Voice Of Reason]

Wake Up!

I called it...back in May.
It happened just as I suspected.
But now he's the hero in the union vocalists' eyes?
Am I in the freaking TWILIGHT ZONE?
Some alternate reality where VOR is needing to say "be careful" of the wolf in sheep's clothing??????!!!!
Ay, yauy yauy.....

 

[glasspilot]

dude....

 

[glasspilot]

these

 

[glasspilot]

posts

 

[glasspilot]

make You

 

[glasspilot]

look Very

 

[glasspilot]

unstable...

 

[Voice Of Reason]

Well after you've drunk the Kool_aid, after accusing ME of doing so way back when, don't say I didn't warn you. He's good...VERY good, but you have the privelege of experience to warn you. Expect NOTHING less than NJs contract (in fact MORE since Flops, like SW cuts corners on everything else).

KR knows full well that we're about to hit another upswing in the industry, so he needs to move fast in restoring us back to years ago wages (nevermind all that has been lost in between then) because everyone is "so scared" about fuel and the rest of the industry right now. Well, we aren't going away anytime soon, and all it will take is a sale to a bigger nonunion group and decert will happen instantly.

I hope there is a way to protect that, WORSE YET, the NJ's guys dumped IBT perhaps so we won't be the same union, so their BIGGER group will have no qualms about stapling the entire flops group to the bottom. Yup, laugh, but I'll pull this post up yet again when it happens. After all, we're ALL in the "USED aircraft" business now aren't we? One & the same :nuts:

(BTW "Glass Pilot" obviously you don't even work for a frac based on your a/c profile, so what makes you think YOU know how "unstable" my words are? You haven't a CLUE what is going on here)

 

[ProFracPilot]

Well, we aren't going away anytime soon, and all it will take is a sale to a bigger nonunion group and decert will happen instantly.

WORSE YET, the NJ's guys dumped IBT perhaps so we won't be the same union, so their BIGGER group will have no qualms about stapling the entire flops group to the bottom.

VOR-

I've been around KR for a long time. He knows that he will need to earn our trust. And while all indications are he's working quickly to regain it, he also knows it will take time. A review of the TA (when it is complete) will give us all quite a bit of insight to just how much trust he wants from the pilots.

I'm sure KR doesn't want Flight Options to be hamstrung by a CBA. However, a comprehensive scope clause will go a long way towards protecting us from the scenario you proffer. I think we all need to see how the scope clause will read before we start worrying about the sky falling.

Remember, a TA is just that - a TENTATIVE Agreement. Once we've all had a chance to review TA, and if we conclude scope doesn't have has sufficient teeth, then we'll have to vote it down.

 

[hangarrat]

(BTW "Glass Pilot" obviously you don't even work for a frac based on your a/c profile, so what makes you think YOU know how "unstable" my words are? You haven't a CLUE what is going on here)

oh ye of little knowledge. thou hast begged the wrath of glass to come down upon thee. Translated - "did you see the P180 in his profile?" uh - duh - 5th largest and growing...

 

[Voice Of Reason]

VOR-

I've been around KR for a long time.

Join the club....

I'm sure KR doesn't want Flight Options to be hamstrung by a CBA. However, a comprehensive scope clause will go a long way towards protecting us from the scenario you proffer. I think we all need to see how the scope clause will read before we start worrying about the sky falling.

Um, the "sky" already "fell" under his watch (hence the union in the first place), then sold us down the river to much worse devils (to our faces anyway)...they did much more dirty work (the last of which happened while he was back on the property)...and experience says we will be sold yet again.
I'm just SAYIN'....

 

[ProFracPilot]

...and experience says we will be sold yet again.

I won't dispute the possiblity. My point is if scope is crafted properly in the CBA, it shouldn't matter.

You did bring up a good point in a prior post when you commented about NJA pilots leaving 1108. I know there is an agreement between 1108 and ASAP to work together on "future projects". I would like to learn more about what exactly this agreement outlines. Perhaps the structure has already been put in place for seniority list integration that could result from a merger.

 

[Voice Of Reason]

I won't dispute the possiblity. My point is if scope is crafted properly in the CBA, it shouldn't matter.

You did bring up a good point in a prior post when you commented about NJA pilots leaving 1108. I know there is an agreement between 1108 and ASAP to work together on "future projects". I would like to learn more about what exactly this agreement outlines. Perhaps the structure has already been put in place for seniority list integration that could result from a merger.

KR is only slightly ahead of the trustworthy curve than that group, I would hope we have learned by now....(even PRIOR to the recent 'controversy')

 

[Voice Of Reason]

I won't dispute the possiblity. My point is if scope is crafted properly in the CBA, it shouldn't matter.

Is it possible to craft a scope that will survive through:
- a company that has a bigger (and anti-union) group of pilots acquires or is acquired by Flops?
- a company that has a bigger (DIFFERENT union) pilot group that acquires or is acquired by Flops (and may staple...what if THEY have an iron clad scope clause)?
-Flops selling off the operation in parts
-Flops turning the operation into something other than fractional (charter, lease, managed, new variation of operating not yet named that KR will again "invent")?
-Contract pilots flooding the operation
????
Just a few things to think about

 

[ProFracPilot]

Is it possible to craft a scope that will survive through:
- a company that has a bigger (and anti-union) group of pilots acquires or is acquired by Flops?
- a company that has a bigger (DIFFERENT union) pilot group that acquires or is acquired by Flops (and may staple...what if THEY have an iron clad scope clause)?
-Flops selling off the operation in parts
-Flops turning the operation into something other than fractional (charter, lease, managed, new variation of operating not yet named that KR will again "invent")?
-Contract pilots flooding the operation
????

I'm no expert on scope or CBA's, but I'd guess it is impossible to craft a scope clause that would cover every possible angle. If I don't like (or understand) what I'm reading in any portion of the TA - but especially the scope clause - when we get it, I'll be questioning our union leadership. I strongly encourage all who will be affected by this TA to do the same.

 

[Ultra Grump]

I hope there is a way to protect that, WORSE YET, the NJ's guys dumped IBT perhaps so we won't be the same union, so their BIGGER group will have no qualms about stapling the entire flops group to the bottom. Yup, laugh, but I'll pull this post up yet again when it happens. After all, we're ALL in the "USED aircraft" business now aren't we? One & the same :nuts:

Why the hell would NJA want a steaming pile of Beechjets?

 

[Voice Of Reason]

Why the hell would NJA want a steaming pile of Beechjets?

...because the BBJs were such big sellers, and the rest of the fleet is mostly all still so "new"

 

[wacoflyr]

Is this some kind of stream of consciousness post? 'Cause you keep hitting the post tab before you get it all out. If this is working for you, keep at it. What ever it takes to get healthy. We understand.

Wacoflyr

 

[netjetwife]

I won't dispute the possiblity. My point is if scope is crafted properly in the CBA, it shouldn't matter. I agree with that.

You did bring up a good point in a prior post when you commented about NJA pilots leaving 1108. I know there is an agreement between 1108 and ASAP to work together on "future projects". I would like to learn more about what exactly this agreement outlines. The idea is to work together on industry wide issues (like user fees) that will affect both pilotgroups. Perhaps the structure has already been put in place for seniority list integration that could result from a merger. The only structure that has been put in place is the new EBoard position -- VP of Industry Affairs...

The paranoia directed at those who spent lots of time, money, and energy helping a fellow frac group is undeserved and down-right sad. The primary motivation in leaving the Teamsters was a strong desire to be independent and a firm belief that the NJ pilots were, in reality, already going it alone and doing a far better job in the process. They deserved a good reputation based on their own merits, and all of their dues money to do more for the NJ pilots while better representing their own interests in industry affairs. If there was a secondary motive concerning another pilotgroup, I believe it was thought that an in-house association would be more appealing to the NJI pilots.

Good luck on the upcoming TA and remember Scope--it's more than a mouthwash!