Thebadcat1313
Well-known member
- Joined
- Dec 9, 2005
- Posts
- 289
http://www.sltrib.com/sltrib/money/51794643-79/skywest-company-rich-atkin.html.csp
http://www.businessweek.com/ap/financialnews/D9N5D5SO0.htm
Both of these articles say the position of President at the corporate (Inc) level was vacated after the ASA aquisition, with the position recreated for Brad Rich last year. It doesn't sound at all as if Atkin was stripped of the title en route to a Board-mandated merger as it seems you are suggesting. It is entirely possible that a combination is in the future (though I highly doubt it), but I don't think the corporate management restructuring was necessarily related to such a strategy.
I'm not certain how long Mr. Atkin held on to both positions (Pres. and CEO). However position as President changed after the acquisition of XJT. I have no insider information, but it's interesting that it happened after Skywest Inc lost money after making profitable qtrs for umpteen many years in a row. Not to say the article was wrong, Inc has their own reasons for doing what they're doing, but the timing of such a move suggests otherwise.