Republic Airways Shareholders Send Message To Board With Vote On Union Proposal | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Most Recent Daily Airborne

Airborne On ANN

Airborne On YouTube/Hi-Def/Mac Friendly

Monday

Airborne 01.26.15

Airborne 01.26.15

Tuesday

Airborne 01.27.15

Airborne 01.27.15

Wednesday

Airborne 01.28.15

Airborne 01.28.15

Thursday

Airborne 01.29.15

Airborne 01.29.15

Friday

Airborne 01.23.15

Airborne 01.23.15

Thu, Aug 02, 2012

Republic Airways Shareholders Send Message To Board With Vote On Union Proposal

Call For Independent Chairman Of The Board Receives 48 Percent Support

In a vote held Wednesday, 48 percent of the shareholders in Republic Airways Holdings cast ballots backing the appointment of an independent chairman of the board. The Teamsters unions says that the vote indicates current CEO and Chairman Bryan Bedford faces growing investor concerns about what they say is the company’s mismanagement and weak governance structure as "worker unrest spreads through the airline."

The company moved it’s meeting this year from its hometown of Indianapolis, IN, to the offices of its legal counsel in New York City. Noticeably absent from the meeting were any independent directors with Bedford and one other representative from management in attendance to hear shareholder concerns.
 
“Today’s (Wednesday's) vote reflects a serious lack of confidence by investors in Bryan Bedford’s ability to pilot this airline into the future,” said Ken Hall, General Secretary-Treasurer of the International Brotherhood of Teamsters. The union is a long-term Republic shareholder and representative of nearly half of the airline’s frontline workers. “Shareholders sent a resounding message to the board – it is time to break the CEO’s stranglehold on the company.”
 
The Teamsters issued a report ... "Independent Board Leadership at Republic Airways –The Final Frontier" ... in which the union noted concerns about what they described as the airline’s "clubby" board and conflicted lead director who have allowed Bedford to create the current crisis at Republic.
 
The union said that Republic’s "mismanagement" also extends to its labor relations as Teamster-represented pilots, flight attendants and mechanics protested outside the meeting. Republic Airways pilots could soon strike over the company’s failure to address fundamental economic issues. With no wage increase in more than five years, some Republic pilots now qualify for food stamps. They charge that the company is also destroying morale among other work groups by delaying contract negotiations with flight attendants and violating the workplace rights of mechanics.

FMI: www.teamster.org

Advertisement

More News

AeroSports Update: Discovery XL-2 Production Is Underway

Discovery Aviation Announced That Production Of The New Discovery XL-2 Has Started If you are looking for a newly manufactured 2-place airplane suitable for the private owner or fo>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Airborne 01.28.15: AMA Steps Up, AirAsia Stall Warnings, Obama Wants Carbon Cuts

Also: Ridiculous Arkansas Regs Proposed, Tecnam Juggernaut, New EC135 T2+ Training Helo, NBAA Joins 'Know Before You Fly', Wipaire Grand Opening, AirVenture SkyDive Record As the m>[...]

Piper Aircraft Launches M500 With Latest Garmin Avionics

Caldecott Says New Meridian Features Electronic Stability Protection, Underspeed Protection, Other Safety Improvements Piper Aircraft has introduced its newest top-of-the-line M-Cl>[...]

Airborne 01.27.15: USCG Rescue!, Two Eagles Over Pacific, UAV v White House

Also: Hartzell/Red Bull, GA Coalition, Aero-Calendar, Commemorative Air Force, Sarah Brightman To ISS, Hot Air Balloon Endurance Record The pilot of a single engine Cirrus SR22 air>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC