“It’s two complex organizations that need to be melded into one over time. That’s the biggest challenge by far. It’s not easy, but we have people that have done it before – both airlines have been through a merger in the semi-recent past. We have consultants on board who’ve done this with other carriers, so we’ll learn from what we’ve seen at others as well as what we’ve seen ourselves.”
- Doug Parker, erstwhile CEO of US Airways and now the CEO of the new company from the merger of American Airline and US Airways —American Airline.
American Airlines and US Airways officially merge to create world's biggest airline [Guardian - read more]
American Airlines parent AMR Corp. and US Airways Group Inc. have completed their merger to become American Airline Group Inc - the biggest airline in the world.
"Usually, in my relationship with management, I defer to management and really, in their objectives in either having share buyback program or issue dividends or etc. But I think this public interference in the management of companies is something I do not follow. So I do not side with that path at all."
- Prince Alwaleed Bin Talal, billionaire CEO of Kingdom Holding, stating that he doesn’t like activist investors meddling in the affairs of company management. His comment was in response to a question whether he agreed with billionaire activist investor Carl Icahn, who has been pushing Apple to do a $150bn share buyback, despite the company’s seeming reluctance to do same.
"The importance of post-petition financing arrangements in rescue procedures cannot be overstated. A reorganisation procedure without adequate finance can be likened to a canoe without a paddle. Without the necessary funds to steer the corporate ship, the rescue procedure will inevitably fail and the company will be forced into liquidation."
- Kubi Michael Udofia. Excerpts from yet-to-be-published comparative study of post-petition financing contracts in the U.K., the U.S. and Nigerian corporate insolvency regimes.