TheDeal.com executive editor Yvette Kantrow wonders why New York Times business columnist Gretchen Morgenson oversimplifies the complex issues behind Midwest Airways refusal to talk with AirTrain Airways about its unsolicited offer by focusing only on what shareholders might want.
“We don’t know if AirTran’s bid is good or not. But we do know there’s more going on than Morgenson lets on. First, Midwest’s customers are angry over a potential sale, citing the loss of its wide seats and baked-on-board cookies. Then there’s Milwaukee, which fears losing its status as a hub. But for Morgenson, the only constituency that matters is shareholders. But even there she’s less-than-forthcoming.
“What she doesn’t reveal is that two of Midwest’s four largest shareholders are hedge funds that bought into Midwest after AirTran announced its bid, hoping to make a quick buck on the sale. Morgenson goes out of her way to speculate on Hoeksema’s motives for not selling. Shouldn’t she say why some shareholders are so eager to sell?”
Read more here.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
View Comments
Customers are worried about baked-on-board cookies? Anyone who has ever missed a connection on AirTran knows cookies aren't really the concern! (Don't ask them to help you if you missed the connection because of weather. And don't expect them to let you on the plane even though it's still at the gate. They may say it's too late, but really they just overbooked!) The flights are cheap though, you get what you pay for!