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With RTS out, what's in store for us?

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G200_PILOT

Well-known member
Joined
Aug 24, 2005
Posts
394
It's a very sad day for NetJets. When I read the ICOM, I fell into shock. The only reason I can think of as to why it was such a sudden withdrawl is a medical reason. IF that's the case, I wish him and his family all the best.

Our fates now lay in the hands of an unknown. I hope Warren choses wisely.

Good luck to all.
 
lots of good info on NJASAP.com
 
Nice try... come on man, you know I'm done with all that. If the Union has more info, they'll post it in the next 411. The "info" you're talking about is the same as here.... speculation.

I'm not asking what peoples' thoughts are as to WHY he did what he did today. I posted my guess but that's all it is, a guess.

RTS is a great man that all of us should respect and look up to. Any one of us here that work for ANY fractional have him to thank for it. Had it not been for knowlege and dream, none of us would be where we are today. The man is an icon and will be a legend in the eyes of many for as long as this industry exsists.
 
A number of us figured you or one other person would be bursting at the seems to be the first to scream this to the world......

I won the bet......sadly
 
Nice try... come on man, you know I'm done with all that. If the Union has more info, they'll post it in the next 411. The "info" you're talking about is the same as here.... speculation.

I'm not asking what peoples' thoughts are as to WHY he did what he did today. I posted my guess but that's all it is, a guess.

RTS is a great man that all of us should respect and look up to. Any one of us here that work for ANY fractional have him to thank for it. Had it not been for knowlege and dream, none of us would be where we are today. The man is an icon and will be a legend in the eyes of many for as long as this industry exsists.

I don't know man. There will be an official eboard communication tonight per PK. Might be time to log on again.
 
I've been thinking a lot on this since the ICOM came out two and a half hours ago. The conclusion I have reached is that it may not be all bad. I have immense respect for RTS and everything he has done for this industry, this company, and me personally. If he has an achilles heel, I think it may be his extreme loyalty to people. Let me explain.

The economic realities facing the industry and the company are so compelling that obviously the company needs to be revamped on a fundamental basis. In my opinion, and that of many others, the company is extremely bloated on the administrative and executive level. Many of the people in those positions have long-time and close ties to Mr. S and I think he is distraught at the prospect of downsizing in those areas.

From what I read, Mr. Sokol is a conservative, old-school, Omaha friend of Mr. B that is very highly regarded in business circles. A Fox Business analyst said when Mr. B and Mr. Sokol are together, they are the smartest guys in the room. Any room. I think this may bring an ability to make the tough but necessary actions to return the company to profitability. Emotional and personal ties will no longer trump good business decisions. Any of you NJ people who have been around a while can all point to at least one poor decision you know of as an example. Some may call these actions slash and burn cost-cutting. I prefer to think of it as better choices (two blue hard-bound books ring any bells?).

The one thing it definitely shows to me is a commitment on Berkshire's part to revive the company even if it means the retirement of the man that created the industry.
 

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