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

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FRom Corp Wings website:

"Management Team

kennricci.jpg
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....
 
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?
 
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
 

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