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

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

Airborne Hi-Def On YouTube

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.28.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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

RFP: ANN Considering Future Options For HQ Relocation

A Very Bright Future For ANN, Aero-TV, and Airborne May Require Some New Digs ANN may be looking for a new home... hopefully, a permanent one. We're currently inviting proposals fo>[...]

Airborne 08.28.15: 'Big' Bezos Announcement?, MA Aero-Taxes, Harrison Ford

Also: Barnstorming: The FAA v Hoover Fight Ain’t Over, Hail-Damaged Dreamliner, UAV Shooter Charged, NASA Global Hawk, MiG-21 Lancers, ICAO Manual Blue Origin founder and Ama>[...]

Airshow Pilot Lost In In-Flight Breakup

Andrew Wright Lost As Giles G-202 Suffers Fuselage Seperation/Failure It's been a tough few weeks for the airshow industry... and now this -- a practice flight, Friday, August 28th>[...]

Aero-News: Quote Of The Day (08.30.15)

“This contract extension is significant for the TSA pilots. Our last round of negotiations that resulted in our current contract took more than five years, so we are pleased >[...]

ANN's Daily Aero-Term (08.30.15): Permanent Echo

Permanent Echo Radar signals reflected from fixed objects on the earth’s surface; e.g., buildings, towers, terrain. Permanent echoes are distinguished from “ground clut>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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