And every person that's arrested is guilty, too. I've been a part of an organization led by... Well, you'd have to call him the perfect guy for the job. Did wonderful things, busted his ass, and took a very low salary. But, someone else wanted his job and started a witch hunt among the board of directors, who eventually voted 8-1 to remove this guy. So, clearly in your book he was worthless, right? (The answer: An emphatic no. An emergency meeting of all members was called, at which point we threw out the entire board of directors, voted in a new board, and re-hired the guy.) Often, especially in public companies, someone's head has to roll. You've heard the "prepare two envelopes" joke, haven't you?
Okay. Jack's a Saint with a 195 who did everything right and the Board all wanted him gone. That makes sense.
So, apparently my scenario of non-performance, is as plausible as your outlandish Board-hates-Jack conspiracy theory now, it would appear.
We're ultimately back to "he's wanting to spend more time with his family" BS, direct from the official standard template Corporate Press Release, when all execs leave, designed to thwart slander lawsuits.
Actually, I've had quite a bit of interest lately. Came *this close* to getting it sold last week... Just not quite close enough.
That's good. There's still enough of us left that it'll sell eventually. Not for much longer. The last generation of retract light single pilots is coming soon.
The only reason to create more is the Commercial ticket. Recreationally, not much reason to do it anymore.
She's a nice airplane.
If being well above 90th percentile in household income in the U.S. could easily swing it, I'd own such a sweet bird.
95th percentile doesn't even cut it, single-owner. Not and take care of it properly.
So, I'll continue to work on that Net Worth thing. Wayne says that's what counts, as if anyone who can afford to fly today doesn't already know that.
I don't have any buddies that I know of with any government defined monopolies that are just getting started, that I can invest in.
But, will keep an eye out.
So far it would appear that to be as "successful" as Jack, I'll need to sell someone else's very old American company to the Chinese -- after making sure to sign a golden parachute contract.
Modern success and leadership 101.
Hooray.
Will be interesting to see if the Ovation sells to an individual owner or a club/co-ownership. If you can share, Kent.
I think Wayne's point is that you're not offering up solutions. You're just sitting here bitching on a web board, and for all your bitching you haven't come up with anyone better.
Wayne hasn't said that. He likes to play quiz games.
I don't mind.
If he wants to tell me to stop complaining, he knows how. And if that's his point he can say so.
He'd rather nitpick the details of my obviously non-professional business opinions, ignore the macro point being made (granted with some poor examples on my part), instead of discussing what Jack's real legacy is.
Jack ran a dinosaur aviation company up the bubble, doing nothing significantly different than the company had done since it was founded, and then in a downturn, sold off all of its future profits and manufacturing of its first drafting-board new product in decades, to China. (New Citations are incremental updates to the jet line. Not brand new.)
Wayne would rather ask me silly details about "backlog" on bizjet orders, in an attempt to ignore the point. Jack's not cut from the right material for EAA.
As far as "deemed a failure," see above. I'm sure the EAA board knows Jack's history, and clearly they're comfortable with him at the helm for the time being.
Clearly. More of the same.
Should I say it again? More of the same.
The reason for the misunderstanding is that I thought you knew that experimental aircraft cannot be used for commercial operations such as flight training, so your scenario is impossible.
I was saying EAA is the ONLY organization with any vested interest in CHANGING that.
They won't.
Especially under a former Certificated manufacturing head.
They wanted someone the vendors who buy the big tents, recognize at dinner.
Wayne, you wanted a name. I'll give you one. Chris Dillis.
The guy behind bringing the Gobosh to the U.S. and who took his little LSA from one aircraft to owning multiple LSAs, running a flight school with them, and expanding to two airports before buying out the owner of a traditional flight club, and then finding them a way to replace a 20+ year old instrument simulator with a Redbird, and generally kicking ass at making flying as affordable as possible here in Denver.
That guy has horse sense and business sense and would be a great fit for EAA.
He did all of that in the middle of the worst years.
His airplanes are new, his prices are low, and he knows what it takes to get students in the door and keep them.
I doubt he wants the EAA job, but he'd be a heck of a lot more interesting than anyone EAA has tried from the big industry names so far.
There's plenty of leaders out here. They aren't running Cessna, Piper, Beech, Mooney, and other big names into bankruptcy.
They're ignoring that big biz silliness and getting people flying.