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

Holiday

Airborne 05.31.16

Airborne 06.01.16

Airborne 05.26.16

Airborne 05.27.16

Airborne Hi-Def On YouTube

Holiday

Airborne 05.31.16

Airborne 06.01.16

Airborne 05.26.16

Airborne 05.27.16

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on 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

Airborne 05.27.16: More MH370 Debris, Airport 4 Sale, Hurricane Hunters

Also: PWC PW307D, Icon Scandal, Memorial Day, IASO, Nat'l Warplane Museum, Gogo Cloud, Orbital ATK, Honor Flight Austin The Australia's Minister for Infrastructure and Transport, D>[...]

Bill Gordon Lost In Hudson River P-47 Ditching

Despite What Appeared To Be A Decent Ditching Effort, An Outstanding Pilot Was Lost The airshow community has suffered its second tragedy in nearly as many weeks. Long-time warbird>[...]

TrainingPort.net Partners With AeroEx To Offer Online Training For NCC Operators

European Business Aircraft Operators Must Comply With New EASA Air Operations Covering Non-Commercial Flights By August 2016 TrainingPort.net has announced that it is partnering wi>[...]

Hawk Lead-In Fighter Fleet Reaches 100,000 Flying Hours

Aircraft Entered Service In 2001 The Australian Hawk 127 Lead-In fighter fleet has achieved 100,000 flying hours since entering service in 2001.>[...]

Frasca Flight Simulator To Be Used In Georgia Tech Research Study

Mentor AATD Will Be Configured To Simulate A Cessna 172 The Georgia Institute of Technology, (also known as Georgia Tech) Atlanta, has contracted with Frasca International, Inc. to>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC