LEO a GO-GO

[jobear]

Leo Mullins is stepping down as the head of Delta effective Jan 1.

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Mullin, a former banker who helped steer Delta through a post Sept. 11 cash crunch, will retire as CEO on Jan. 1 and will step down as chairman on May 1, the No. 3 U.S. airline said in a statement.

Jack Smith, former head of General Motors Corp., will succeed Mullin as chairman, and Gerald Grinstein, former head of Burlington Northern Corp., will succeed him as CEO

Jobear

 

[Palerider957]

Ahhhhh...wonderful. The former head of General Motors. Because GM is such a profitable, well run, and organized company I'm sure this bodes well for Delta.....(sarcasm intentional).

Didn't GM lose something like 4 billion in the past few years?

 

[DrunkIrishman]

Didn't GM lose something like 4 billion in the past few years?

Do you think Leo has done that much better? So he steered clear of bankruptcy, big deal...he had an awful lot of capital at the time. All he did was start laying people off and farm out flying while he and other top managers took bonuses...then he managed to point the finger at a pilot group as the cause of all DAL's problems.

I might add that old Leo is not going away empty handed...he'll take millions with him...some leader.